Madison, WI 53705 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

Property Taxes

Liquidity & Velocity

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. The neighborhood value signal is anchored by the median sold price of 613,500, which represents the most reliable indicator of recent transaction activity and suggests realized pricing above many asking levels upward pressure on sale prices.
2. Transaction liquidity appears moderate with a median days on market of 41, consistent with a market transitioning toward balance; this longer listing duration may indicate increased buyer selectivity and modestly slower sales velocity neutral market temperature.
3. There is a notable price context gap between the median listing price of 579,500 and the median sold price of 613,500, which may indicate pricing friction where sellers’ expectations and final transaction prices diverge; median price per square foot is 332, providing a clear per-unit benchmark for comparables representative recent sale metrics.
4. Macro and cost-of-money factors are a headwind: interest rate pressure is reported as elevated and current 30-year fixed mortgage rates average 6.69%, which may temper demand even as the price year-over-year trend is reported as up and rent year-over-year trend is flat.

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.