Single-Family Homes
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.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
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.
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 |