4th Quarter Real Estate Market Update – Madison and Surrounding*
At the close of every quarter, we put together a quick review of the main real estate market stats and numbers from last quarter. This review gives the broad brush strokes, but it doesn’t dive into the small nuances. That’s why you should always talk to your real estate agent if you want to know the fine details of what’s really happening in your community.
Total number of Homes & Condos for Sale (as of 1/10/2023)
| Single Family Homes | 215 |
| Condos | 62 |
2nd Quarter Sales
| Single Family Homes | Condos | |
|---|---|---|
| Homes Sold | 834 | 287 |
| Average Days on Market | 23 | 20 |
| Average Price Sold | $464,396 | $305,640 |
| Low Price Sold | $118,000 | $90,000 |
| High Price Sold | $3,500,000 | $1,475,000 |
*4th quarter dates, 10/1/22 – 12/31/22, *Areas Include: Madison, Fitchburg, Verona, Middleton, Waunakee, Sun Prairie, Monona, McFarland, Cottage Grove, Source: South Central Wisconsin Multiple Listing Service. Reflects entire market share from all brokerages.
Thinking about selling or buying in 2023? We can help you put together your plan for preparation and a timeline and assist you in evaluating what home updates will increase your value, connect you to recommended local experts, and guide you through negotiations.
If you are interested in learning more about Wisconsin’s housing statistics, click here. If you are interested in learning more about home sales in your specific neighborhood, we can set you up with email notifications. Email us at Info@TheAlvaradoGroup.com, let us know the neighborhood you live in and we’ll take care of the rest.
Thanks for supporting our local real estate business and please check out our blog to learn more about our social justice initiatives, and helpful ways to keep your home and community the best it can be!
