Is Madison, WI 53716 a buyer’s or seller’s market?

The Madison housing market right now

In the three months ending August 31, 2026, 43% of homes in Madison, WI 53716 sold above their list price, the typical home went under contract in 48 days and there were 1.4 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 74 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (43% then), homes sold more slowly (41 days then) and the median sale price rose 2% to $425,066. Overall, Madison is about as competitive as it was a year ago.

Within Dane County, homes here sell faster than in 65% of the county’s ZIP codes, and sell more often over asking than in 71%. On our competition score, Madison ranks #88 of 319 WI ZIP codes with enough sales (score 76 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.