Is Madison, WI 53717 a buyer’s or seller’s market?

The Madison housing market right now

In the three months ending August 31, 2026, 32% of homes in Madison, WI 53717 sold above their list price, the typical home went under contract in 53 days and there were 1.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 59 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 38%, homes sold more slowly (48 days then) and the median sale price rose 12% to $474,695. Overall, Madison is less competitive than a year ago, which gives buyers more room.

Within Dane County, homes here sell more slowly than in 55% of the county’s ZIP codes, and sell less often over asking than in 68%. On our competition score, Madison ranks #163 of 319 WI ZIP codes with enough sales (score 66 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.