Madison, WI Real Estate

The capital of the state of Wisconsin and the county seat of Dane County, the City of Madison requires no introduction. Second only to Milwaukee in population, Madison is the political and cultural hub of the state, a fact further bolstered by the city’s reoccurring placement on nationally-ranked best of lists. With schools ranked as some of the best in the nation, an unparalleled arts and entertainment scene, and a college sports team that constantly performs at the peak of perfection, it’s no wonder that people from all over the world continue to flock to Madison in hopes of calling the city home.

Shopping for a home in Madison, one can expect to encounter an incredibly diverse and well populated real estate market that offers homes spanning a range of price points and styles. The abundance of homes for sale in Madison means that buyers have their choice of an extensive variety of house styles. Queen Anne, Georgian Revival, Tudor, Colonial  and Prairie style homes are just a few of the  types of homes included amongst in expansive selection of homes for sale in Madison.  From the bohemian neighborhood of “Wil-Mar,” to the sprawling estates on the shores of Lake Mendota, Madison is able to serve everyone from tightly budgeted undergraduates to high-powered business leaders and members of the state government.

Living in Madison, Wisconsin

Madison is a great place to live, a fact which is constantly reaffirmed not only by the smiling faces which line the city’s streets, but by the extensive list of accolades the city has accumulated over its long history. Most recently,  Madison has been named “Safest City in America for Kids” by Mens Health,  #4 in the “Best Cities for Health Care”by The Daily Beast, #3 in the “Best City for Young Professionals” by Forbes, and # 10 in the “Best Town to Live In” by Outside Magazine. While certainly impressive, the city’s placement on these lists only scratches the surface of what truly makes living in Madison great.

Schools in Madison, Wisconsin

Ranked by Forbes as the second best place to educate your child, Madison is a city which prides itself on providing fertile educational opportunities to each and every one of its residents. Primary education is managed by the Madison Metropolitan School District, which serves nearly 25,000 students in 46 schools. The city also includes five public high schools, three religiously affiliated schools and Madison County Day School, a private school serving students from pre-k to grade 12. The city is home to numerous higher learning institutions, including the University of Wisconsin-Madison (nationally recognized as one of the best colleges in the country), Edgewood College, Madison Area Technical College and the Madison Media Institute.

Business in Madison, Wisconsin

Business in Madison is driven by the city’s two largest employers, the Wisconsin State Government and the University of Wisconsin-Madison. However, in recent years, many businesses have flocked to Madison in hopes of attracting the city’s highly-educated workforce. This mix of new firms and locally founded businesses includes such big-name players as Oscar MayerThe Onion, Rocky Rococo, Ian’s Pizza, Spectrum Brands, Alliant Energy, American Family Insurance, Raven Software, Sonic Foundry and the biotech companies, Promega  and Nimblegen.

Reenforcing Madison’s business community is the Greater Madison Chamber of Commerce, which, in addition to helping foster connections between local businesses and their customers, facilitates  professional networking opportunities by sponsoring numerous events. The chamber also aims assist new and potential residents by providing information on moving to Madison, and assisting in the acquisition of necessities such as childcare, insurance and housing. Aspiring entrepreneurs  will will find many helpful resources on the chamber’s website, including The Wisconsin Technology Council’s Entrepreneurs’ Toolkit.

Find homes and lots for sale in Madison.

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         Sports

It’s hard to mention Madison without mentioning the Wisconsin Badgers, and the city’s reputation as a sports town. The perennial college football favorite draws some of the nation’s best student-athletes, and with them, one of the sport’s most dedicated fan bases. During football season, fans can be found cheering the Badgers on at Camp Randall Stadium. The city is also home to UW-Madison’s basketball and hockey programs, two high-performing men’s and women’s programs that can be found playing at the Kohl Center to raucous crowds.

         Shopping, Food and Nightlife

Like every city in America, Madison is defined by its unique community of local shopping, dining and nightlife businesses, not by the national chains. Unlike most cities, Madison’s community of small and local businesses is both bold and eclectic. Some of the city’s most notable businesses are located in and around State Street, Madison’s pedestrian-only (with a few exceptions) thoroughfare which links the University of Wisconsin campus with Capitol Square.  Local favorites Pauls Book Store,  The Soap OperaRedamtè ( a locally owned cafe) and State Street Brats are just some of the businesses which call State Street home, while businesses such as Sol’s On The Square (Authentic Korean cuisine), Sunprint Café,  and Espresso Royale Caffe are located on Capitol Square.

         Outdoors

Named “The Healthiest City in America” in 2004 by Mens Journal, Madison offers opportunities for residents to get out and experience Wisconsin’s gorgeous landscape. During the warmer months, residents can enjoy exploring one of the city’s numerous parks (such as Blackhawk ParkJames Madison ParkWarner Park or Cypress Spray Park), sailing on one of Madison’s four local lakes (Lake WaubesaLake KegonsaLake Mendota, and Lake Monona) golfing at one of the city’s four public golf courses, relaxing on local beaches, or disc golfing at one of the city’s two courses. The outdoor fun doesn’t stop when winter comes to Madison. Ice skating, ice hockey, ice fishing, cross-country skiing and snowmobiling are all available during Wisconsin’s colder months. Information on some of the city’s opportunities for outdoor fun have been graciously catalogued by the City of Madison Parks Department.

         Celebrations

Madison residents love to party, as is evident by city’s proclivity for hosting celebrations both large and small. One of the largest student-driven parties is the State Street Halloween Party, which draws crowds of both students and out-of-town partygoers. Other Madison-based celebrations include The Great Taste of the Midwest, a craft beer festival established in 1987,  Rhythm and Booms, an annual 4th of July celebration which includes flyovers by F-16 fighter jets and the largest fireworks display in the Midwest, and Taste of Madison, the city’s premiere food festival.

         Arts and Entertainment

Arts, culture  and entertainment thrive in Madison, catering to the city’s hunger for a diverse selection of entertainment options. Some of the largest and most visible venues include the Orpheum Theatre, the Overture Center (home to The Madison OperaThe Madison Symphony OrchestraForward Theatre Company, the Wisconsin Chamber Orchestra, and The Madison Ballet), and the University Theatre. The city is also home to a plethora of independent art galleries (such as the HYART Gallery), comedy clubs (such as the Comedy Club on State), and museums, such as the Madison Children’s Museum, and the Madison Museum of Contemporary Art.

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Madison’s history dates as far back as 1829, when James Duane Doty, a former federal judge, purchased in excess of one thousand acres of land between Lakes Mendota and Monona. It wasn’t until 1837, when construction began on what was then the second incarnation of the Wisconsin Capitol, did Madison begin its gradual transformation into the city it is today. Madison incorporated as a city in 1856. Its population at the time was just over 6,000 residents.

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Madison properties for sale

Schools
  District Type Enrollment # Student Teacher Ratio GreatSchool Rank
Allis Elementary School (Madison) Madison Metropolitan School District Public 450 11 ALLIS ELEMENTARY SCHOOL GreatSchools Rating
Badger Rock Middle School (Madison) Madison Metropolitan School District Public 90 9 BADGER ROCK MIDDLE SCHOOL GreatSchools Rating
Black Hawk Middle School (Madison) Madison Metropolitan School District Public 400 12 BLACK HAWK MIDDLE SCHOOL GreatSchools Rating
Cesar Chavez Elementary School (Madison) Madison Metropolitan School District Public 650 15 CESAR CHAVEZ ELEMENTARY SCHOOL GreatSchools Rating
Cherokee Middle School (Madison) Madison Metropolitan School District Public 558 13 CHEROKEE MIDDLE SCHOOL GreatSchools Rating
Crestwood Elementary School (Madison) Madison Metropolitan School District Public 338 14 CRESTWOOD ELEMENTARY SCHOOL GreatSchools Rating
East High School (Madison) Madison Metropolitan School District Public 1806 15 EAST HIGH SCHOOL GreatSchools Rating
Elvehjem Elementary School (Madison) Madison Metropolitan School District Public 425 15 ELVEHJEM ELEMENTARY SCHOOL GreatSchools Rating
Emerson Elementary School (Madison) Madison Metropolitan School District Public 400 12 EMERSON ELEMENTARY SCHOOL GreatSchools Rating
Falk Elementary School (Madison) Madison Metropolitan School District Public 420 10 FALK ELEMENTARY SCHOOL GreatSchools Rating
Glendale Elementary School (Madison) Madison Metropolitan School District Public 530 10 GLENDALE ELEMENTARY SCHOOL GreatSchools Rating
Gompers Elementary School (Madison) Madison Metropolitan School District Public 200 13 GOMPERS ELEMENTARY SCHOOL GreatSchools Rating
Hamilton Middle School (Madison) Madison Metropolitan School District Public 770 15 HAMILTON MIDDLE SCHOOL GreatSchools Rating
Hawthorne Elementary School (Madison) Madison Metropolitan School District Public 400 13 HAWTHORNE ELEMENTARY SCHOOL GreatSchools Rating
Huegel Elementary School (Madison) Madison Metropolitan School District Public 500 13 HUEGEL ELEMENTARY SCHOOL GreatSchools Rating
James Wright Middle School (Madison) Madison Metropolitan School District Public 250 10 JAMES WRIGHT MIDDLE SCHOOL GreatSchools Rating
Jefferson Middle School (Madison) Madison Metropolitan School District Public 545 13 JEFFERSON MIDDLE SCHOOL GreatSchools Rating
Kennedy Elementary School (Madison) Madison Metropolitan School District Public 520 15 KENNEDY ELEMENTARY SCHOOL GreatSchools Rating
Lafollette High School (Madison) Madison Metropolitan School District Public 1600 15 LAFOLLETTE HIGH SCHOOL GreatSchools Rating
Lake View Elementary School (Madison) Madison Metropolitan School District Public 270 11 LAKE VIEW ELEMENTARY SCHOOL GreatSchools Rating
Leopold Elementary School (Madison) Madison Metropolitan School District Public 700 12 LEOPOLD ELEMENTARY SCHOOL GreatSchools Rating
Lincoln Elementary School (Madison) Madison Metropolitan School District Public 450 11 LINCOLN ELEMENTARY SCHOOL GreatSchools Rating
Lindbergh Elementary School (Madison) Madison Metropolitan School District Public 238 11 LINDBERGH ELEMENTARY SCHOOL GreatSchools Rating
Lowell Elementary School (Madison) Madison Metropolitan School District Public 350 10 LOWELL ELEMENTARY SCHOOL GreatSchools Rating
Marquette Elementary School (Madison) Madison Metropolitan School District Public 200 12 MARQUETTE ELEMENTARY SCHOOL GreatSchools Rating
Memorial High School (Madison) Madison Metropolitan School District Public 2000 15 MEMORIAL HIGH SCHOOL GreatSchools Rating
Mendota Elementary School (Madison) Madison Metropolitan School District Public 335 11 MENDOTA ELEMENTARY SCHOOL GreatSchools Rating
Monona Grove High School (Madison) Monona Grove School District Public 1070 14 MONONA GROVE HIGH SCHOOL GreatSchools Rating
Muir Elementary School (Madison) Madison Metropolitan School District Public 450 14 MUIR ELEMENTARY SCHOOL GreatSchools Rating
O'keeffe Middle School (Madison) Madison Metropolitan School District Public 450 13 O'KEEFFE MIDDLE SCHOOL GreatSchools Rating
Orchard Ridge Elementary School (Madison) Madison Metropolitan School District Public 340 11 ORCHARD RIDGE ELEMENTARY SCHOOL GreatSchools Rating
Randall Elementary School (Madison) Madison Metropolitan School District Public 375 17 RANDALL ELEMENTARY SCHOOL GreatSchools Rating
Sandburg Elementary School (Madison) Madison Metropolitan School District Public 500 13 SANDBURG ELEMENTARY SCHOOL GreatSchools Rating
Schenk Elementary School (Madison) Madison Metropolitan School District Public 450 12 SCHENK ELEMENTARY SCHOOL GreatSchools Rating
Sennett Middle School (Madison) Madison Metropolitan School District Public 670 12 SENNETT MIDDLE SCHOOL GreatSchools Rating
Shabazz-city High School (Madison) Madison Metropolitan School District Public 118 7 SHABAZZ-CITY HIGH SCHOOL GreatSchools Rating
Sherman Middle School (Madison) Madison Metropolitan School District Public 465 11 SHERMAN MIDDLE SCHOOL GreatSchools Rating
Shorewood Hills Elementary School (Madison) Madison Metropolitan School District Public 480 15 SHOREWOOD HILLS ELEMENTARY SCHOOL GreatSchools Rating
Spring Harbor Middle School (Madison) Madison Metropolitan School District Public 270 12 SPRING HARBOR MIDDLE SCHOOL GreatSchools Rating
Stephens Elementary School (Madison) Madison Metropolitan School District Public 577 15 STEPHENS ELEMENTARY SCHOOL GreatSchools Rating
Thoreau Elementary School (Madison) Madison Metropolitan School District Public 440 12 THOREAU ELEMENTARY SCHOOL GreatSchools Rating
Toki Middle School (Madison) Madison Metropolitan School District Public 585 11 TOKI MIDDLE SCHOOL GreatSchools Rating
Van Hise Elementary School (Madison) Madison Metropolitan School District Public 440 14 VAN HISE ELEMENTARY SCHOOL GreatSchools Rating
West High School (Madison) Madison Metropolitan School District Public 2080 16 WEST HIGH SCHOOL GreatSchools Rating
Whitehorse Middle School (Madison) Madison Metropolitan School District Public 500 14 WHITEHORSE MIDDLE SCHOOL GreatSchools Rating
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Demographics

Population Demographics

  City County State
Total Population 297,096 540,697 5,852,878
Total Households 131,285 226,511 2,349,819
Total Families 62,666 129,682 1,516,725
Percent Male 49% 50% 50%
Percent Female 51% 50% 50%
White Collar Jobs 69% 64% 58%
Blue Collar Jobs 31% 36% 42%

Top Occupations

Professions Population Employed
Professional Services 59,429
Healthcare 36,780
Sales 21,738
Maintenance 15,426
Management 14,672
Social Services 12,601
Food 12,325
Manufacturing 11,815
Education 11,689
Information, Scientific and Technical 10,222

Male Female Breakdown

Population Age

White vs Blue Collar Jobs

Top Professions

Work Transportation Method

Household Income

Housing Demographics

  City County State
Total Housing Units
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Owner Occupied Housing Units 66,880 135,350 1,601,729
Renter Occupied Housing Units 64,407 91,161 748,090
Vacant Housing Units 7,764 12,379 311,518
Occupancy Rate 94% 94% 84%

Commute Time To Work

2
  City County State
Less than 5 minutes 4,376 8,422 135,725
5 - 15 minutes 49,197 73,684 877,463
15 - 30 minutes 63,914 105,614 975,154
30 - 45 minutes 14,300 32,718 370,565
45-60 minutes 3,140 6,210 120,537
Over 60 minutes 3,979 7,102 113,603

Total Housing Units

Housing By Occupant

Commute Time To Work

Age of Homeowners

Education Attainment

  City County State
Some High School 5,829 10,102 224,571
High School Graduate 29,485 64,855 1,256,597
Some College 31,697 63,519 833,955
Associates Degree 15,987 34,999 410,260
Bachelors Degree 57,559 103,500 747,113
Graduate Degree 43,996 70,061 384,121

Education Attainment


Market Conditions
Market Conditions for Madison - December 2019 | Shorewest Realtors®
December 2019

Market Conditions for Madison

Median Sale Price Graph

Median Sale Price

The median sale price for homes in December was $270,000. The median sales price for homes in December fell by ($12,450) compared to last month. This represents a 4.4% decrease from November. Compared to the same month last year, the median price of homes rose by $22,500 representing a 9.09% year-over-year change.

The median sales price is the middle value of all sales occurring in the market during the past thirty days when you arrange these sales prices from lowest to highest. This is a better indicator than the average as the median does not change as much as a result of a few unusually low or high sales prices.

Homes for Sale Graph

Homes for Sale

The inventory of homes for sale fell by 103 in December to 395. This represents 20.68% decrease from November when 498 homes were on the market. Compared to the same month last year when there were 328 homes for sale, the inventory of homes for sale has risen by 67 representing a 20.42% year-over-year change.

Homes for sale represents the number of active listings on the market during the specified month as reported in the MLS system operating within the market area.

Homes Sold Graph

Homes Sold

The 251 homes sold in December was 21 less than in November. This represents a 7.72% decrease in sales from November. Compared to the same month last year, the number of homes sold increased by 40, a 18.95% year-over-year increase.

Homes sold is the total count of properties in the market area that have had a closed sale during the specified month as reported in the MLS systems operating within the market area.

Average Days on Market Graph

Avg Days on Market

The average days on market for a home sold in December (38) decreased by 7 days compared to November. This represents a 15.55% decrease in days on market for homes in the market from the previous month. Compared to the same month last year, the days on market for homes sold increased by 1, a 2.7% year-over-year change.

Average Days on Market is the time period between the date when a home is listed for sale in an MLS system and the date it is sold.

Sale/List Price Ratio

Sale/List Price Ratio

The Sale/List Price Ratio of 96.99% in December fell by 0.39% compared to November and increased 0.3% compared to the same period last year.

Sale/List Price Ratio is the sale price of a listing divided by the original list price expressed as a percentage. The Sale/List Price Ratio for the market is determined by adding the Sale/List Price Ratio for each listing sold in the market during the month and dividing by the number of listings sold during the month.

New Homes Graph

New Homes

The number of homes listed in December (128) fell by 39 compared to November, a 23.35% change. Compared to December 2018, the number of new listings increased by 9, a 7.56% year-over-year change.

Newly Listed Homes are the total count of homes that have been listed within the market area during the most recent month, as reported in the MLS system(s) operating in the market area.

Median List Price Graph

Median List Price

The median list price in December was $269,900. The median list price for homes in December fell by ($10,000) compared to last month. This represents a 3.57% decrease from November. Compared to the same month last year, the median list price of homes decreased ($7,100) representing a -2.56% year-over-year decrease.

The median list price is the middle value of all currently active listings as reported in the MLS systems in the market area when you arrange these list prices from lowest to highest. This is a better indicator than the average as the median does not change as much as a result of the existence of a few unusually low or high list prices.




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