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MADISON, WI 53704

Real Estate Market Report  ·  Dane County
Buyer's Market
March 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 53704

Carpenter-Ridgeway · East Side · Eken Park · Emerson East · Hawthorne · Marquette · Mendota · Near East Side · North Side · Schenk-Atwood · Schenk-Atwood-Starkweather-Yahara · The Isthmus (Isthmus)

Market Analysis

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

The MADISON, WI real estate market (53704) currently shows 64 active listings, with 37 pending sales. Homes are averaging 44 days on the market before going under contract.

Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 44 days on market compared to 37 days last year.

The median listing price has fallen 2.6% year-over-year, from $350,000 to $340,975.

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: 47,079  ·  Density: 831.7/mi²  ·  Median household income: $71,609

Typical home value: $267,881  ·  Homeownership: 54.3%

Market Overview

Active Listings
64
⇧ 6.7% vs 60 last year
Pending
37
58% pending ratio
Median Price
$340,975
⇩ 2.6% vs $350,000 last year
Average Price
$414,474
⇩ 9.6% vs $458,730 last year
Days on Market
44
⇧ 18.9% vs 37 days last year

Price Per Square Foot

Median $/sqft
$234
⇧ 6.4% vs $220/sqft last year
Median Home Size
1,326 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 64 this year vs 60 last year
  • Days on market: 44 now vs 37 last year

Median & Average Pricing

Year over Year
  • Median: $340,975 (-2.6% YoY)
  • Average: $414,474 (-9.6% 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 14.7 miles — 488 listings ($317,754,992 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
53704Madison, WI 537040.0 mi58$22,169,572$342,225$382,234
53703Madison, WI 537034.2 mi21$12,319,713$439,700$586,653
53598Windsor, WI 535984.9 mi7$3,980,900$559,950$568,700
53715Madison, WI 537155.9 mi6$3,404,340$553,250$567,390
53597Waunakee, WI 535976.4 mi89$78,747,111$772,500$884,799
53705Madison, WI 537057.2 mi40$40,099,880$487,450$1,002,497
53590Sun Prairie, WI 535908.2 mi104$73,692,840$582,475$708,585
53527Cottage Grove, WI 535279.3 mi38$23,576,948$605,650$620,446
53558Mcfarland, WI 535589.8 mi23$15,135,472$489,750$658,064
53719Madison, WI 5371910.8 mi70$26,534,550$372,400$379,065
53911Arlington, WI 5391113.1 mi11$4,382,675$406,725$398,425
53559Marshall, WI 5355913.6 mi7$2,588,691$368,425$369,813
53528Cross Plains, WI 5352814.7 mi14$11,122,300$793,450$794,450

Frequently Asked Questions

How many homes are for sale in MADISON, WI 53704?

As of March 2026, there are 64 active listings in MADISON, WI (zip code 53704), compared to 60 the prior year.

What is the median home price in MADISON, WI 53704?

The median listing price in MADISON, WI 53704 is $340,975 as of March 2026, a 2.6% decrease from $350,000 the prior year.

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

Homes in MADISON, WI 53704 spend an average of 44 days on the market before going under contract, compared to 37 days the prior year.

Is it a seller's or buyer's market in MADISON, WI 53704?

Based on current inventory and days-on-market data as of March 2026, MADISON, WI 53704 is currently a Buyer's Market. Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 44 days on market compared to 37 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 53704 save an estimated $6,820 compared to a typical 5% commission on the median listing price of $340,975. 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.