The hottest price points in the Madison area

Posted by Dan Miller, REALTOR on Friday, March 8th, 2019 at 5:33am.

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 Single Family Home Supply 

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.

Madison WI Condo Supply

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
610 Junction Road #205, Madison, WI, 53717

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