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 Jul 06 2022
This week the median list price for Madison, WI 53703 is $573,500 with the market action index hovering around 53. This is less than last month's market action index of 56. Inventory has increased to 8. 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

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Madison, WI 53703

Wed Jul 06 2022
This week the median list price for Madison, WI 53703 is $573,500 with the market action index hovering around 53. This is less than last month's market action index of 56. Inventory has increased to 8. 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

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Madison market.
Median List Price $573,500
Median Price of New Listings $525,000
Per Square Foot $310
Average Days on Market 18
Median Days on Market 18
Price Decreased 13%
Price Increased 0%
Relisted 0%
Inventory 8
Median Rent
Market Action 53
Strong Seller's Market

In this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice up trend in general over the last several weeks.

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
$925,000 2,922 6,500 - 8,000 sqft 4 3 130 1 0 10
$599,000 1,273 6,500 - 8,000 sqft 2 1 102 0 0 35
$537,000 1,909 0 - 4,500 sqft 4 2.5 132 1 0 17
$374,950 1,825 0 - 4,500 sqft 2 1.5 91 1 1 7