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Bassett Capitol Downtown First Settlement James Madison Park Mansion Hill Marquette Miffland (Mifflin-Bassett) Mifflin West Old Market Place State-Langdon Tenney-Lapham The Isthmus (Isthmus)

MADISON, WI 53703

Real Estate Market Report
Balanced Market
March 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 53703

Bassett · Capitol · Downtown · First Settlement · James Madison Park · Mansion Hill · Marquette · Miffland (Mifflin-Bassett) · Mifflin West · Old Market Place · State-Langdon · Tenney-Lapham · The Isthmus (Isthmus)

Market Analysis

Data as of March 2026. Source: Realtor.com.

The MADISON, WI real estate market (53703) currently shows 33 active listings, with 19 pending sales. Homes are averaging 29 days on the market before going under contract.

Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice.

Homes are selling faster, averaging 29 days on market compared to 47 days last year.

The median listing price has fallen 25.6% year-over-year, from $662,500 to $493,225.

Whether you are buying or selling in MADISON, WI, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 37,944  ·  Density: 7,921.2/mi²  ·  Median household income: $45,623

Typical home value: $483,943  ·  Homeownership: 13.0%

Market Overview

Active Listings
33
⇧ 6.5% vs 31 last year
Pending
19
58% pending ratio
Median Price
$493,225
⇩ 25.6% vs $662,500 last year
Average Price
$660,311
⇩ 37.2% vs $1,052,035 last year
Days on Market
29
⇩ 38.3% vs 47 days last year

Price Per Square Foot

Median $/sqft
$414
⇧ 2.7% vs $403/sqft last year
Median Home Size
1,159 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 33 this year vs 31 last year
  • Days on market: 29 now vs 47 last year

Median & Average Pricing

Year over Year
  • Median: $493,225 (-25.6% YoY)
  • Average: $660,311 (-37.2% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 14.0 miles — 596 listings ($412,940,073 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
53703Madison, WI 537030.0 mi21$12,319,713$439,700$586,653
53726Madison, WI 537262.4 mi4$3,060,832$781,175$765,208
53716Madison, WI 537163.3 mi19$9,077,155$443,500$477,745
53704Madison, WI 537044.2 mi58$22,169,572$342,225$382,234
53711Madison, WI 537114.7 mi107$55,474,899$486,925$518,457
53558Mcfarland, WI 535587.1 mi23$15,135,472$489,750$658,064
53717Madison, WI 537177.2 mi21$9,877,119$474,900$470,339
53562Middleton, WI 535628.7 mi96$74,736,000$582,750$778,500
53527Cottage Grove, WI 535279.5 mi38$23,576,948$605,650$620,446
53590Sun Prairie, WI 5359011.9 mi104$73,692,840$582,475$708,585
53593Verona, WI 5359312.1 mi81$98,038,593$784,675$1,210,353
53528Cross Plains, WI 5352813.4 mi14$11,122,300$793,450$794,450
53531Deerfield, WI 5353114.0 mi10$4,658,630$435,000$465,863

Frequently Asked Questions

How many homes are for sale in MADISON, WI 53703?

As of March 2026, there are 33 active listings in MADISON, WI (zip code 53703), compared to 31 the prior year.

What is the median home price in MADISON, WI 53703?

The median listing price in MADISON, WI 53703 is $493,225 as of March 2026, a 25.6% decrease from $662,500 the prior year.

How long do homes stay on the market in MADISON, WI?

Homes in MADISON, WI 53703 spend an average of 29 days on the market before going under contract, compared to 47 days the prior year.

Is it a seller's or buyer's market in MADISON, WI 53703?

Based on current inventory and days-on-market data as of March 2026, MADISON, WI 53703 is currently a Balanced Market. Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice. Homes are selling faster, averaging 29 days on market compared to 47 days last year.

How much can I save on real estate commission in MADISON, WI?

With SELL123.com's maximum 3% commission, sellers in MADISON, WI 53703 save an estimated $9,865 compared to a typical 5% commission on the median listing price of $493,225. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.