Is Madison, WI 53726 a buyer’s or seller’s market?
Madison is a seller’s market. With about 2.6 months of supply and 40% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Madison housing market right now
In the three months ending August 31, 2026, 40% of homes in Madison, WI 53726 sold above their list price, the typical home went under contract in 77 days and there were 2.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 10 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 31%, homes sold more slowly (35 days then) and the median sale price fell 18% to $636,225. Overall, Madison is less competitive than a year ago, which gives buyers more room.
Within Dane County, homes here sell more slowly than in any other ZIP code in the county, and sell more often over asking than in 61%.
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.
Run the numbers for 53726
Nearby markets
Belleville 53508Seller’s market $230 /sq ftBlack Earth 53515Balanced $218 /sq ftBlue Mounds 53517Buyer’s market $193 /sq ftCambridge 53523Buyer’s market $219 /sq ft Browse all markets →Towns like Madison nearby
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Questions about Madison real estate
Is Madison a buyer’s or seller’s market?
A seller’s market: there were 2.6 months of supply in Madison, WI 53726 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Madison?
The typical home went under contract in 77 days in the latest three months.
Do homes in Madison sell over asking?
40% of homes sold above their original list price, and the typical sale closed at 99.8% of the list price.
What are property taxes in Madison?
About 1.63% of a home’s value a year in Dane County, or roughly $6,520 on a $400,000 home.
What is the median home price in Madison?
The median sale price was $636,225 in the three months ending August 31, 2026, about $341 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology