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Madison, WI 53704 Housing Market

Data snapshot: September 14, 2026. Closed-sale window: last 6 months.
Madison, WI inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.10
ActiveActive listings: 3030PendingPending sales: 33
Madison, WI: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $342k$342kSoldMedian sold price (last 6 months): $385k$385k
What homes actually sell for in Madison, WI
Distribution of 298 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $310k to $484k
$171k to $287k: 49 sales$171k$287k to $404k: 105 sales105sales$404k to $520k: 67 sales$404k$520k to $636k: 21 sales$636k to $752k: 18 sales$636k$752k to $868k: 4 sales$868k to $984k: 1 sales$868k$984k to $1.1M: 3 salesMedian $385k

What the numbers say

As of September 14, 2026, Resideline is tracking 30 active listings and 3 pending sales in ZIP code 53704. That pending-to-active ratio of 0.10 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $342,450, while the median of the 298 closed sales Resideline tracked over the last six months was $385,000. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 53704 for 59 days.

Frequently asked questions

What is the median home price in 53704?

The median closed sale price in Madison, WI 53704 was $385,000 over the last six months, based on 298 closed sales tracked by Resideline. The middle half of those sales ranged from $310,000 to $483,500.

Is 53704 a buyer's or seller's market?

Resideline is currently tracking 3 pending sales against 30 active listings in 53704, a pending-to-active ratio of 0.10. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 53704 currently looks like a balanced market.

Nearby ZIP code market data

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