Accord Realty's Market Report

Madison, WI 53703

Single-Family Homes

119 W. Washington Ave Madison, WI 53703 | 608.256.4566



Madison, WI 53703

Sat Nov 27 2021
This week the median list price for Madison, WI 53703 is $542,500 with the market action index hovering around 60. This is an increase over last month's market action index of 58. Inventory has increased to 4. Click here to stay informed with the Madison market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Madison, WI 53703

Sat Nov 27 2021
This week the median list price for Madison, WI 53703 is $542,500 with the market action index hovering around 60. This is an increase over last month's market action index of 58. Inventory has increased to 4. Click here to stay informed with the Madison market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Madison market.
Median List Price $542,500
Median Price of New Listings $625,000
Per Square Foot $234
Average Days on Market 53
Median Days on Market 25
Price Decreased 25%
Price Increased 0%
Relisted 0%
Inventory 4
Median Rent $1,295
Market Action 60
Strong Seller's Market

We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

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
$799,900 3,311 0 - 4,500 sqft 6 4.5 4 0 0 28
$625,000 1,530 0 - 4,500 sqft 3 2 110 1 0 0
$460,000 2,088 4,500 - 6,500 sqft 5 3 122 0 0 161
$449,900 1,967 0 - 4,500 sqft 4 2 115 0 0 21