What are the hottest price points for Madison area real estate listings? We've taken a close look at the latest MLS statistics and there are 2 clear trends standing out in this year's market.
Madison single family home listings priced under $300,000 are super hot
Take a look at our snapshot below of the Madison single family home market. It shows properties priced under $300,000 have a very high percentage of listings with an accepted offer. Listings priced under $250,000 are especially hot, with over 60% of these properties currently under contract and scheduled to close soon.
What does this data mean for sellers and buyers in 2019? If you're selling a home for under $300,000 in the city of Madison, you have a great opportunity to leverage the market and attract multiple offers to your listing. If you're buying a home for under $300,000, you and your buyer agent should count on very heavy competition from other buyers.
On the flip side, sellers with a higher priced listing will experience a more balanced market, while buyers in the higher price points should expect less competition from other buyers.
Madison condo listings priced under $250,000 are also hot
Our latest condo data shows the affordable condo market is extremely hot right now. Condos priced under $200,000 are especially hot, with well over 70% of these listings under contract with an accepted offer.
The same trends are present across all of Dane County
More than 50% of the single family home listings priced under $300,000 are currently under contract.
Dane County condo listings priced under $250,000 are also very hot, especially those priced below $200,000.
Do you have questions about buying or selling in 2019?
Contact us for a brief conversation about your buying and selling goals. We'll help you plan for success in this year's market.
This article is published courtesy of: Dan Miller, REALTOR Mad City Dream Homes & RE/MAX Preferred