The Downtown Madison housing market is somewhat competitive. The median sale price of a home in Downtown Madison was $653K last month, up 41.8% since last year. The median sale price per square foot in Downtown Madison is $383, up 0.4% since last year.
What is the housing market like in Downtown Madison today?
In April 2024, Downtown Madison home prices were up 41.8% compared to last year, selling for a median price of $653K. On average, homes in Downtown Madison sell after 36 days on the market compared to 36 days last year. There were 17 homes sold in April this year, up from 13 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$652,500
+41.8% YoY | Apr 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Apr 2024
Growth
% YoY
Downtown Madison, WI
$652,500
+41.8%
United States
To compare other locations to the Downtown Madison and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Madison add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Downtown Madison housing market?
Downtown Madison is somewhat competitive. Homes sell in 62.5 days.
0
100
45
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 6 months
Some homes get multiple offers.
The average homes sell for about 1% below list price and go pending in around 63 days.
Hot homes
can sell for about 1% above list price and go pending in around 29 days.
All Home Types
Sale-to-List PriceAll Home Types
Sale-to-List Price
(All Home Types)
98.6%
-0.35 pt YoY | Apr 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Apr 2024
Growth
% YoY
Downtown Madison, WI
98.6%
-0.35 pt
United States
Home offer insights for Downtown Madison
Explore recent offers and recently sold homes in Downtown Madison
Recent offers
View houses in Downtown Madison that sold recently
Recently sold homes
SOLD JUN 5, 2024
$319,900 Last Sold Price
1 bed
1 bath
715 sq ft
360 W Washington Ave #1213, Madison, WI 53703
Matt Winzenried Real Estate Team • Realty Executives Cooper Spransy
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Downtown Madison housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Downtown Madison.
Risk Factor
Flood Factor - Moderate
28% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Downtown Madison has a moderate risk of flooding. 247 properties in Downtown Madison are likely to be
severely affected
by flooding over the next 30 years. This represents 28% of all properties in Downtown Madison. Flood risk is increasing slower than the national average.
Downtown Madison has minimal risk of severe winds over the next 30 years
Wind Factor
Downtown Madison has a Minimal Wind Factor®, which means there is a very low likelihood that hurricane, tornado or severe storm winds will impact this area.
86% of properties are at minor
risk of heat over the next 30 years
Heat Factor
Downtown Madison has a minor risk from heat. This is due to
"feels like" temperatures
increasing, and because 86% of homes in Downtown Madison have a Minor Heat Factor®.
Downtown Madison is expected to see a 100% increase in the number of days over 99ºF over the next 30 years. Downtown Madison is expected to experience 7