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

8 Properties Found. Page 1 of 2.
Photo of Listing #1868846
Open house

Scheduled Open House Open House Date: 2019-09-21 Open House Time: 1:00-3:00

New Listing

3912 Dempsey Rd, Madison

$249,900 - 3 Beds, 2 Baths, 1,277 Sf

MLS® # 1868846, 1 day, Active

Photo of Listing #1868637
New Listing

8145 Stagecoach Rd, Cross Plains

$464,900 - 3 Beds, 3 Baths, 2,889 Sf

MLS® # 1868637, 7 days, Active

Photo of Listing #1868195

5318 Fayette Ave, Madison

$135,000 - 3 Beds, 2 Baths, 1,665 Sf

MLS® # 1868195, 10 days, Offer-Show

Photo of Listing #1868074

4401 Crestway Dr, Windsor

$200,000 - 3 Beds, 2 Baths, 1,776 Sf

MLS® # 1868074, 13 days, Active

Photo of Listing #1866591

5701 Leanne Ln, McFarland

$234,000 - 3 Beds, 1 Baths, 1,180 Sf

MLS® # 1866591, 30 days, Offer-Show

Photo of Listing #1866231

42 Braeger Dr, Fitchburg

$244,400 - 4 Beds, 2 Baths, 1,700 Sf

MLS® # 1866231, 35 days, Active

Just Sold REO Properties in Madison/Dane County

Address Sold Price Sold Date Bed Bath Sqft. Price Per Sqft
5595 Montadale St $335,000 2019-09-16 5 3.50 3576 $94
6251 Arrowhead Tr $208,000 2019-09-06 3 1.00 1702 $122
5606 Chestnut Ln $270,000 2019-08-16 3 3.00 2994 $90
1211 Pleasant Hill Rd $240,000 2019-07-31 3 3.00 2473 $97
1471 Donald Dr $180,600 2019-07-26 3 2.00 2328 $78
2780 Osmundsen Rd $242,500 2019-07-26 3 2.50 3262 $74
4474 4th St $175,000 2019-07-22 3 1.00 1189 $147
21 State St $449,000 2019-07-12 5 5.00 3456 $130
512 Clarence Rd $55,125 2019-07-09 3 3.00 2460 $22
3890 Oak Park Rd $349,900 2019-06-17 4 2.50 3952 $89
623 West St $174,300 2019-05-30 3 2.00 1448 $120
4306 Hegg Ave $190,000 2019-05-13 3 1.00 1152 $165
1013 Vandenburg St $83,900 2019-05-10 3 1.00 1108 $76
1909 Main St $265,000 2019-04-25 3 1.50 3097 $86
6813 Avalon Ln $330,000 2019-04-12 4 2.50 2312 $143
7809 Stratton Way $270,375 2019-04-09 4 2.50 1988 $136
708 Karow St $210,000 2019-04-05 3 2.50 2069 $101
3614 Bittner Ln $195,500 2019-04-01 3 2.50 2310 $85
509 Stang St $164,000 2019-03-25 2 2.00 811 $202
914 Pine St $95,800 2019-03-09 3 1.00 1108 $86

Dane County Foreclosure Statistics

Current Listings

  • With Accepted Offers: 3
  • Without Accepted Offers: 5
  • Total Active Listings: 8
  • % with Accepted Offers: 38%
  • Months of Inventory: 1.5

Sold 09/20/2018 - 09/20/2019

  • Total Sold Listings: 41
  • Highest Sold Price: $449,000
  • Lowest Sold Price: $55,125
  • Average Sold Price: $209,595
  • Median Sold Price: $195,500

* 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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