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MADISON, WI 53704

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

The MADISON, WI real estate market (53704) currently shows 128 active listings, with 45 pending sales. Homes are averaging 49 days on the market before going under contract.

Inventory has increased compared to last year, with 33 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 49 days on market compared to 43 days last year.

The median listing price has fallen 4.1% year-over-year, from $399,900 to $383,675.

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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
128
⇧ 34.7% vs 95 last year
Pending
45
35% pending ratio
Median Price
$383,675
⇩ 4.1% vs $399,900 last year
Average Price
$459,462
⇩ 11.8% vs $520,698 last year
Days on Market
49
⇧ 14% vs 43 days last year

Price Per Square Foot

Median $/sqft
$239
⇩ 6.3% vs $255/sqft last year
Median Home Size
1,487 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 128 this year vs 95 last year
  • Days on market: 49 now vs 43 last year

Median & Average Pricing

Year over Year
  • Median: $383,675 (-4.1% YoY)
  • Average: $459,462 (-11.8% 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 September 2026, there are 128 active listings in MADISON, WI (zip code 53704), compared to 95 the prior year.

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

The median listing price in MADISON, WI 53704 is $383,675 as of September 2026, a 4.1% decrease from $399,900 the prior year.

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

Homes in MADISON, WI 53704 spend an average of 49 days on the market before going under contract, compared to 43 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 September 2026, MADISON, WI 53704 is currently a Buyer's Market. Inventory has increased compared to last year, with 33 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 49 days on market compared to 43 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 $7,674 compared to a typical 5% commission on the median listing price of $383,675. 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.