Madison Bank Owned Homes for Sale
Have you been searching for a bank-owned home in Madison, Wisconsin? Use this page as your one-stop shop for foreclosure listings in Madison and the surrounding Dane County area. Our REO properties include lots and single family homes owned by banks and credit unions (see our guide to bank owned condos here ). For more useful information, continue with the remainder of our guide below.
Mad City Dream Homes makes it easy to search for distressed property listings. Visit our search page, and select REO/Bank Owned from the Foreclosures search tool. Then use any of our remaining property search filters to narrow your focus. Our listing feed includes all of the properties for sale on the South Central Wisconsin MLS.
Dane County & Madison Bank Owned Properties
|All Listings||$100,000 - $200,000||$200,000 - $300,000|
|$400,000 - $500,000|
Just Sold REO Properties in Madison/Dane County
|Address||Sold Price||Sold Date||Bed||Bath||Sqft.||Price Per Sqft|
|204 Weald Bridge Rd||$189,000||2019-01-08||3||2.00||1500||$126|
|889 Gallagher Ln||$370,000||2018-12-31||4||2.50||2696||$137|
|4614 Bunker Hill Ln||$188,000||2018-12-28||3||1.50||1827||$103|
|1110 Debra Ln||$145,900||2018-12-28||4||2.50||2119||$69|
|5149 Crescent Oaks Dr||$212,000||2018-12-14||3||3.00||1780||$119|
|227 Overlook Terr||$242,900||2018-12-14||3||3.00||2346||$104|
|4706 American Ash Dr||$214,900||2018-11-30||3||1.50||2361||$91|
|6214 Westin Dr||$210,000||2018-11-27||3||2.00||2045||$103|
|1161 Sunfield St||$105,000||2018-11-16||2||1.50||1134||$93|
|1309 Garden Ave||$166,250||2018-10-31||4||2.00||1497||$111|
|5845 Park Hill Cir||$381,000||2018-10-26||4||3.00||4564||$83|
|4925 Pierceville Rd||$240,500||2018-10-25||3||2.00||2327||$103|
|5010 Milwaukee St||$150,000||2018-10-03||2||1.00||1602||$94|
|516 Columbus St||$150,000||2018-09-27||3||1.00||1332||$113|
|5702 Piping Rock Rd||$228,000||2018-07-27||3||2.50||1661||$137|
|1317 Loftsgordon Ave||$71,000||2018-07-27||1||1.00||625||$114|
|4533 Deerwood Dr||$225,000||2018-07-27||4||2.50||2072||$109|
|1505 Dover Dr||$254,100||2018-07-27||3||2.50||2001||$127|
|1221 Blaine Dr||$161,000||2018-07-11||2||1.00||857||$188|
|5358 Lismore Ln||$389,900||2018-07-02||4||3.00||3200||$122|
Dane County Foreclosure Statistics
- * With Accepted Offers: 1
- * Without Accepted Offers: 6
- * Total Active Listings: 7
- * % with Accepted Offers: 14%
- * Months of Inventory: 1.4
Sold 01/20/2018 - 01/20/2019
- * Total Sold Listings: 52
- * Highest Sold Price: $1,300,000
- * Lowest Sold Price: $51,500
- * Average Sold Price: $237,156
- * Median Sold Price: $183,750
* Source: IDX Active & Sold Listings
* Property Types: Single Family, Lots & Acreage
More Local Foreclosure Info
Check out our always up-to-date foreclosure statistics immediately above. Note the supply of distressed properties is much smaller than it used to be, and the competition for listings can be fierce. For this and many other reasons, we recommend you hire an experienced buyer agent to assist you with your bank-owned property search.
Madison Foreclosures: Reports and Resources
Our new monthly report makes it easy for you to stay on top of the latest foreclosure trends in South Central Wisconsin. Our monthly report covers the latest trends in Dane, Milwaukee, Rock and Sauk County. Our report also summarizes the latest trends at the statewide level.
REO: What does it Stand For?
REO stands for "real estate owned" by a financial institution such as a bank or credit union. Our detailed listings will tell you when the property you are viewing is an REO property. See the REO/Bank Owned field under Additional Information in our detailed listings. This field is set to "Yes" for all bank owned real estate listings on our website.
Should you Buy an REO Property?
This article offers some perspective. If your goal is to buy a foreclosure, we recommend you hire a seasoned buyer agent who will help you successfully navigate any challenges that might present themselves during the purchase process.
Call on us to assist you with the inventory of foreclosures for sale in Madison and across all of Dane County. We've helped dozens of buyers and investors with their distressed property purchase, and we can help you, too.