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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
February 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 February 2026. Source: Realtor.com.

The MADISON, WI real estate market (53703) currently shows 21 active listings, with 9 pending sales. Homes are averaging 39 days on the market before going under contract.

Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 39 days on market compared to 29 days last year.

The median listing price has fallen 39% year-over-year, from $720,500 to $439,700.

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
21
⇩ 8.7% vs 23 last year
Pending
9
43% pending ratio
Median Price
$439,700
⇩ 39% vs $720,500 last year
Average Price
$586,653
⇩ 57.1% vs $1,367,332 last year
Days on Market
39
⇧ 34.5% vs 29 days last year

Price Per Square Foot

Median $/sqft
$413
⇩ 7% vs $444/sqft last year
Median Home Size
1,138 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 21 this year vs 23 last year
  • Days on market: 39 now vs 29 last year

Median & Average Pricing

Year over Year
  • Median: $439,700 (-39% YoY)
  • Average: $586,653 (-57.1% 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 13.7 miles — 462 listings ($322,958,965 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
53703Madison, WI 537030.0 mi18$10,992,330$387,450$610,685
53726Madison, WI 537262.4 mi2$679,800$339,900$339,900
53716Madison, WI 537163.3 mi19$8,726,909$449,900$459,311
53704Madison, WI 537044.2 mi48$22,076,496$375,000$459,927
53711Madison, WI 537114.7 mi72$37,551,024$486,900$521,542
53558Mcfarland, WI 535587.1 mi17$10,878,198$525,000$639,894
53717Madison, WI 537177.2 mi15$6,414,000$434,450$427,600
53562Middleton, WI 535628.7 mi85$66,336,635$574,900$780,431
53527Cottage Grove, WI 535279.5 mi36$19,900,368$514,200$552,788
53590Sun Prairie, WI 5359011.9 mi78$57,176,496$647,500$733,032
53593Verona, WI 5359312.1 mi61$76,473,016$779,900$1,253,656
53528Cross Plains, WI 5352813.4 mi11$5,753,693$494,900$523,063
53571Morrisonville, WI 5357113.7 mi0$0$369,000$369,000

Frequently Asked Questions

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

As of February 2026, there are 21 active listings in MADISON, WI (zip code 53703), compared to 23 the prior year.

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

The median listing price in MADISON, WI 53703 is $439,700 as of February 2026, a 39% decrease from $720,500 the prior year.

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

Homes in MADISON, WI 53703 spend an average of 39 days on the market before going under contract, compared to 29 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 February 2026, MADISON, WI 53703 is currently a Balanced Market. Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 39 days on market compared to 29 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 $8,794 compared to a typical 5% commission on the median listing price of $439,700. 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.