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

3 Properties Found. Page 1 of 1.
Photo of Listing #1896142

509 Memphis Ave, Blooming Grove

$175,000 - 2 Beds, 2 Baths, 821 Sf

MLS® # 1896142, 11 days, Active

Photo of Listing #1895387

4205 Drexel Ave, Madison

$245,000 - 3 Beds, 1 Baths, 1,662 Sf

MLS® # 1895387, 20 days, Active

Photo of Listing #1883233

155 E Lincoln St, Oregon

$198,000 - 2 Beds, 1 Baths, 1,007 Sf

MLS® # 1883233, 166 days, Active

Just Sold REO Properties in Madison/Dane County

Address Sold Price Sold Date Bed Bath Sqft. Price Per Sqft
405 Bridge St $3,500 2020-10-07 $
204 County Road D $101,681 2020-09-29 3 1.50 1792 $57
4555 Lotus Ln $284,900 2020-08-28 3 1.50 1350 $211
1383 Range Tr $156,300 2020-08-21 3 1.00 1560 $100
414 Oak St $215,000 2020-08-21 3 2.00 1512 $142
308 Lakewood Blvd $486,900 2020-08-04 3 1.50 2020 $241
602 Pinchot Ave $165,000 2020-07-17 2 1.00 954 $173
3016 County Road Mm $335,000 2020-07-17 3 2.50 2425 $138
2826 Brandon Rd $193,400 2020-07-16 5 3.00 2580 $75
801 Coolidge Rd $49,000 2020-06-30 $
409 Topaz Ln $216,000 2020-06-19 3 1.50 1320 $164
892 County Road Mm $128,000 2020-06-04 3 2.00 1371 $93
8596 Airport Rd $500,000 2020-05-27 4 3.50 2844 $176
7146 Frenchtown Rd $378,000 2020-05-08 4 3.00 2385 $158
307 E Main St $110,000 2020-04-24 3 1.00 1371 $80
129 Silver Rd $185,000 2020-04-07 3 2.00 1312 $141
5614 Byrneland St $84,000 2020-03-31 $
1506 Drewry Ln $161,000 2020-03-27 3 2.00 1450 $111
5502 Mahocker Rd $189,900 2020-03-27 2 1.00 1400 $136
6002 Lynbrook Ln $320,000 2020-03-23 3 3.50 1956 $164

Dane County Foreclosure Statistics

Current Listings

  • With Accepted Offers: 0
  • Without Accepted Offers: 3
  • Total Active Listings: 3
  • % with Accepted Offers: 0%
  • Months of Inventory: 1.1

Sold 10/28/2019 - 10/28/2020

  • Total Sold Listings: 32
  • Highest Sold Price: $500,000
  • Lowest Sold Price: $3,500
  • Average Sold Price: $211,034
  • Median Sold Price: $191,650

* 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. 

Sign up for email updates