Explore Madison
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Why Live in Madison
Madison's iconic State Street connects the majestic Capitol building to the University of Wisconsin campus, creating a pedestrian paradise filled with local shops and eateries. The city embraces its location between Lakes Mendota and Monona, where residents enjoy boating, swimming, and kayaking throughout summer months. The Memorial Union Terrace provides stunning lakefront views while serving as a gathering spot for drinks and live music. The Dane County Farmers' Market, the largest producer-only market in the United States, encircles the Capitol Square every Saturday from April through November. Cultural attractions include the Overture Center for the Arts, which hosts Broadway shows and concerts, plus the free Henry Vilas Zoo and interactive Children's Museum. The dining scene features upscale establishments like L'Etoile and The Harvey House, alongside casual favorites such as Graze, which overlooks the Capitol.
The housing market presents diverse options across neighborhoods. In Dudgeon-Monroe, the median price for single family homes reaches $800,000, while Vilas commands $1,070,000. More moderate options exist in Atwood, where the median single family home price is $450,000. The median price for one-bedroom condos throughout Madison is $235,000, with two-bedroom units at $278,800. Townhomes have a median price of $517,500.
Madison's overall cost of living stands 4.9% above the national average. A family with school-age children needs approximately $110,000 annually to live comfortably, while renters should aim for $53,000. Property taxes in Dane County run 1.71%, lower than Milwaukee County at 2.04%. The city maintains strong public education, with West High School and Madison Country Day School both earning A ratings. The University of Wisconsin-Madison and Edgewood College provide higher education options. Madison Metro Transit serves the downtown area and university campus with frequent bus routes, complementing the city's 200 miles of bike trails.
Home Prices in Madison, WI
The median home sale price in Madison, WI is $429,900, up 6% year-over-year. Homes in Madison sell in 33 days on average, compared to the national average of 55 days.
Home Price Trends
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Median Sale Price
$429,900
|
Median Single Family Sale Price
$474,000
|
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Median Townhouse Sale Price
$482,950
|
Median 2 Bedroom Sale Price
$309,900
|
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Median 1 Bedroom Sale Price
$266,000
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Average Price Per Sq Ft
$281
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Number of Homes for Sale
0
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Last 12 months Home Sales
2,539
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Months of Supply
2.40
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Median List Price
$434,900
|
|
Median Change From 1st List Price
0%
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Median Home Sale Price YoY Change
6%
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Popular Home Searches in Madison, WI
In Madison, homebuyers often look for practical layouts, lake views, and features that support comfortable living through snowy winters and warm summers.
- Want extra space and storage? Browse homes with basements or attached garages for added flexibility.
- Enjoy time outdoors? Check out homes with a deck or yard to make the most of warmer months.
- Drawn to local architecture? Explore craftsman style or mid-century modern homes in established neighborhoods.
- Love a view? Look for homes with lakefront homes or waterfront homes near Lake Mendota or Lake Monona.
- Prefer comfort through all seasons? Consider homes with air conditioning or cozy fireplaces for winter nights.