Is Madison, WI 53711 a buyer’s or seller’s market?

The Madison housing market right now

In the three months ending August 31, 2026, 40% of homes in Madison, WI 53711 sold above their list price, the typical home went under contract in 43 days and there were 2.9 months of supply. Under three months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 183 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 43%, homes sold faster (49 days then) and the median sale price held steady to $509,280. Overall, Madison is about as competitive as it was a year ago.

Within Dane County, homes here sell faster than in 84% of the county’s ZIP codes, and sell more often over asking than in 68%. On our competition score, Madison ranks #134 of 319 WI ZIP codes with enough sales (score 69 out of 100).

Nearby, buyers who want less competition could look at Blue Mounds 53517 (0% sold over asking) or Cross Plains 53528 (21% sold over asking), while Dane 53529 (67% sold over asking) and Madison 53715 (63% sold over asking) are even more competitive.