Why Live in Lake Edge
Lake Edge, located along the eastern banks of Lake Monona in Madison, is a quiet residential community known for its proximity to outdoor attractions and amenities. The neighborhood features a mix of smaller homes, averaging around 1,450 square feet, which are priced below the median for Dane County, making it attractive to both first-time buyers and empty nesters. Lake Edge Park, a five-acre space with a pavilion, sports field, and play area, is a local highlight, while the nearby Monona Golf Course offers a well-kept, challenging layout. Residents also enjoy easy access to Olbrich Park, where they can rent boats, visit the Olbrich Botanical Gardens, and enjoy the Biergarten. Indoor activities include the Nerdhaven Arcade, Pinney Library, and the neighborhood YMCA. The northern and eastern borders of Lake Edge feature business districts with local favorites like Chief’s Tavern and Dairyland Family Restaurant. For groceries, Woodman’s Food Market is about a mile north. The East Side Club near Olbrich Park hosts community events with live music and fish frys. The neighborhood primarily consists of single-family homes built between the 1930s and 1980s, including ramblers, cottages, and Cape Cods, often on quarter-acre lots with mature trees. While most streets lack sidewalks, homes typically have driveways and some have garages. Children attend schools in the Madison Metropolitan School District, with La Follette High School being highly rated. Lake Edge is conveniently located, with downtown Madison just 10 minutes away and Dane County Regional Airport approximately 6 miles away.
Home Trends in Lake Edge, WI
On average, homes in Lake Edge, Madison sell after 75 days on the market compared to the national average of 70 days. The median sale price for homes in Lake Edge, Madison over the last 12 months is $473,000, down 19% from the median home sale price over the previous 12 months.
Median Sale Price
$473,000
Median Single Family Sale Price
$660,988
Median Townhouse Sale Price
$335,745
Median 2 Bedroom Sale Price
$150,000
Median 1 Bedroom Sale Price
$156,500
Average Price Per Sq Ft
$585
Number of Homes for Sale
17
Last 12 months Home Sales
11
Median List Price
$397,750
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-19%