Accord Realty's Market Report
Madison, WI 53703
Single-Family Homes
119 W. Washington Ave Madison, WI 53703 | 608.256.4566
Madison, WI 53703
Wed Apr 24 2024
This week the median list price for Madison, WI 53703 is $600,000 with the market action index hovering around 51. This is an increase over last month's market action index of 45. Inventory has increased to 4.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market has begun to heat up in recent weeks. We’re already in a Seller’s market and not surprisingly prices are showing evidence of moving up along with the lower levels of inventory.
Real-Time Market Profile
| Median List Price | $600,000 | |
| Median Price of New Listings | $527,500 | |
| Per Square Foot | $383 | |
| Average Days on Market | 4 | |
| Median Days on Market | 4 | |
| Price Decreased | 0% | |
| Price Increased | 0% | |
| Relisted | 0% | |
| Inventory | 4 | |
| Median Rent | ||
| Market Action | 51 | |
| Strong Seller's Market | ||
Prices is this zip code this week saw relatively little change from last week. However the market appears to be trying to establish an uptrend. Keep an eye on the Market Action Index to determine if demand will help push prices higher.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $720,000 | 1,694 | 0 - 4,500 sqft | 3 | 2.5 | 168 | 0 | 0 | 7 |
| $690,000 | 2,114 | 0 - 4,500 sqft | 5 | 2 | 124 | 1 | 0 | 0 |
| $510,000 | 1,223 | 0 - 4,500 sqft | 2 | 1 | 120 | 0 | 1 | 7 |
| $365,000 | 1,042 | 0 - 4,500 sqft | 2 | 1 | 107 | 1 | 0 | 0 |