The Near West Madison housing market is very competitive. The median sale price of a home in Near West Madison was $638K last month, down 6.3% since last year. The median sale price per square foot in Near West Madison is $381, down 13.1% since last year.
What is the housing market like in Near West Madison today?
In August 2025, Near West Madison home prices were down 6.3% compared to last year, selling for a median price of $638K. On average, homes in Near West Madison sell after 40 days on the market compared to 43 days last year. There were 88 homes sold in August this year, up from 79 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$637,500
-6.3% YoY | Aug 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Aug 2025
Growth
% YoY
Near West Madison, WI
$637,500
-6.3%
United States
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How hot is the Near West Madison housing market?
Near West Madison is very competitive. Homes sell in 43 days.
0
100
70
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 1% above list price and go pending in around 43 days.
Hot homes
can sell for about 4% above list price and go pending in around 27 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Near West Madison housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Near West Madison.
Flood Factor - Moderate
18% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Near West Madison has a moderate risk of flooding. 1,090 properties in Near West Madison are likely to be
severely affected
by flooding over the next 30 years. This represents 18% of all properties in Near West Madison. Flood risk is increasing slower than the national average.
2% of properties are at risk of wildfire over the next 30 years
Fire Factor
Near West Madison has a moderate risk of wildfire. There are 189 properties in Near West Madison that have some risk of being affected by wildfire over the next 30 years. This represents 2% of all properties in Near West Madison.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
Near West Madison has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Near West Madison is most at risk from hurricanes. 8,696 properties in Near West Madison have some risk of being in a severe wind event within the next 30 years.
99% of properties are at minor
risk of heat over the next 30 years
Heat Factor
Near West Madison has a minor risk from heat. This is due to
"feels like" temperatures
increasing, and because 99% of homes in Near West Madison have a Minor Heat Factor®.
Near West Madison is expected to see a 100% increase in the number of days over 100ºF over the next 30 years. Near West Madison is expected to experience 7