Is Madison, WI 53705 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Madison is a seller’s market. With about 2.1 months of supply and 46% 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.

Months of supply2.1Under 4 months = seller’s market

Sold above original list46%Share of sales, last 3 months

Median sale-to-list101.2%Sold price ÷ list price

Median days on market46Listing to accepted offer

Median price per sq ft$340▲ +3.8% vs. last year

Run the numbers for 53705

Prefilled for 53705Can I win this house?Multiple-offer likelihood for a listing Prefilled for 53705Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Belleville 53508Seller’s market $230 /sq ft Black Earth 53515Balanced $218 /sq ft Blue Mounds 53517Buyer’s market $193 /sq ft Cambridge 53523Buyer’s market $219 /sq ft Browse all markets →

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology