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

Dane County & Madison Bank Owned Properties

1 Property Found. Page 1 of 1.
Photo of Listing #1975062

206 Buell Street, Madison

$274,500 - 3 Beds, 1 Baths, 1,258 Sf

MLS® # 1975062, 88 days, Offer-Show

Just Sold REO Properties in Madison/Dane County

Address Sold Price Sold Date Bed Bath Sqft. Price Per Sqft
4723 Spaanem Avenue $187,000 2024-05-30 2 1.00 744 $251
1877 Kelly Hill Road $270,000 2024-05-15 2 2.00 1700 $159
6657 Winding Way $515,000 2024-04-16 5 3.50 3050 $169
559 E Main Street $205,000 2024-04-15 3 1.00 1440 $142
578 Ace Street $325,000 2024-03-08 4 2.00 1624 $200
3976 Empire Drive $335,000 2023-11-17 3 2.00 2068 $162
4570 Baxter Road $550,000 2023-08-31 5 3.50 4030 $136
2006 Helene Parkway $250,100 2023-08-23 3 1.50 1626 $154

Dane County Foreclosure Statistics

Current Listings

  • With Accepted Offers: 1
  • Without Accepted Offers: 0
  • Total Active Listings: 1
  • % with Accepted Offers: 100%
  • Months of Inventory: 0.0

Sold 07/14/2023 - 07/14/2024

  • Total Sold Listings: 8
  • Highest Sold Price: $550,000
  • Lowest Sold Price: $187,000
  • Average Sold Price: $329,638
  • Median Sold Price: $297,500

* Source: IDX Active & Sold Listings

* Property Types: Lots & Acreage, Single Family

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. 

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