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Madison Bank Owned Homes for Sale

Foreclosures In Madison WIHave 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
7 Properties Found. Showing Page 1 of 2
Map Madison Foreclosure Listing Alerts
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22 Days on Market

REO
Photo of Listing #1847237

$139,000

  • 3 Beds
  • 1.0 Baths
  • 1,550 SqFt
  • 0.19 Acres

Active

Home for Sale, 22 Days

1929 Browning Rd

Madison, WI

Home Is Being Remodeled And Will Be Listed At A Much Higher Price Once Remodeling Is Complete. Ne...

23 Days on Market

REO
Photo of Listing #1847231

$174,900

  • 2 Beds
  • 2.0 Baths
  • 811 SqFt
  • 0.07 Acres

Active

Home for Sale, 23 Days

509 Stang St

Madison, WI

Discover This Adorable Significantly Remodeled Home In A Great Location On The East Side Of Madis...

37 Days on Market

REO
Photo of Listing #1846777

$114,900

  • 3 Beds
  • 1.0 Baths
  • 1,108 SqFt
  • 0.13 Acres

Active

Home for Sale, 37 Days

1013 Vandenburg St

Prairie Homes

Sun Prairie, WI

Close To Shopping, Schools And Athletic Club This 3 Bedroom Needs Tlc And Is A Little Diamond In ...

68 Days on Market

REO
Photo of Listing #1845508

$424,900

  • 4 Beds
  • 2.5 Baths
  • 3,952 SqFt
  • 12.00 Acres

Active

Home for Sale, 68 Days

3890 Oak Park Rd

Deerfield, WI

Great Opportunity To Purchase A T-bone Home At Hamburger Price! Contemporary Two Story On A Priva...

87 Days on Market

REO
Photo of Listing #1844209

$287,000

  • 3 Beds
  • 2.0 Baths
  • 2,092 SqFt
  • 5.49 Acres

Active

Home for Sale, 87 Days

1787 Strawberry Rd

na

Cottage Grove, WI

Privacy And Secluded Is What Describes This Property. Home Is Located Down A Long Cemented Drivew...

109 Days on Market

REO
Photo of Listing #1842873

$109,900

  • 3 Beds
  • 1.0 Baths
  • 1,108 SqFt
  • 0.15 Acres

Active

Home for Sale, 109 Days

914 Pine St

Prairie Homes

Sun Prairie, WI

Bring Your Vision And Some Sweat Equity. Solid Half Duplex In Need Of Renovation And Tlc. Nice Ba...

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

Current Listings

  • * 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.