Is Madison, WI 53704 a buyer’s or seller’s market?
Madison is a seller’s market. With about 2.6 months of supply and 45% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
Competition score75/ 100
More competitive than 79% of U.S. ZIP codes, and #97 of 319 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
Months of supply2.6Under 4 months = seller’s market
Sold above original list44.6%Share of sales, last 3 months
Median sale-to-list101.6%Sold price ÷ list price
Median days on market41Listing to accepted offer
Median price per sq ft$265▲ +6.4% vs. last year
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Nearby markets
Belleville 53508Seller’s market $230 /sq ftBlack Earth 53515Balanced $218 /sq ftBlue Mounds 53517Buyer’s market $193 /sq ftCambridge 53523Buyer’s market $219 /sq ft Browse all markets →Local agents
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology