1914 Monroe St

Madison, WI 53711

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Real Estate Market Update, 1Q 2022

Real Estate Market Update, 1Q 2022

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1st Quarter Real Estate Market Update – Madison and Surrounding*

It can be complicated for people who are considering a move to plan out how to best go about that based on the low inventory and the creeping interest rates. There is no simple answer or broad stroke advice that we can offer. While people’s situations are often unique, equity and financial situations differ too, so we always recommend calling on your trusted advisors and taking the time to learn the details and options for your personal situation. Our team has countless conversations in a consulting fashion to debunk myths and clarify what to expect in a market like this.

Total number of Homes & Condos for Sale (as of 4/18/2022)

Single Family Homes 149
Condos 74

1st Quarter Sales

Single Family Homes Condos
Homes Sold 798 278
Average Days on Market 23 25
Average Price Sold $442,116 $282,398
Low Price Sold $120,000 $78,000
High Price Sold $3,000,000 $1,250,000

*1st quarter dates, 1/1/22 – 3/31/22, *Areas Include: Madison, Fitchburg, Verona, Middleton, Waunakee, Sun Prairie, Monona, McFarland, Cottage Grove, Source: South Central Wisconsin Multiple Listing Service. Reflects entire market share from all brokerages.

If you are thinking about selling or buying in the summer of 2021, now is the time to talk to a Realtor and put together your plan for preparation and a timeline. Our agents are experienced in guiding you through the process and helping you evaluate what is the best plan for your goals. If selling includes completing some home updates to increase your value, we can help you decide what approach is best and connect you to recommended local experts.

Selling usually includes buying a new home! One of the most common questions we get is how to navigate the timeline. There are a number of different options and we can help you figure out what will work best for you and your family.

If you are interested in learning more about Wisconsin’s housing statistics, click here. If you are interested in learning more about home sales in your specific neighborhood, we can set you up with email notifications. Email us at Info@TheAlvaradoGroup.com, let us know the neighborhood you live in and we’ll take care of the rest.

Thanks for supporting our local real estate business and please check out our blog to learn more about our social justice initiatives, and helpful ways to keep your home and community the best it can be!

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Real Estate Market Update, 3Q 2021

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3rd Quarter Real Estate Market Update

Exploring how sales have changed, we found that 3rd quarter sales in 2021 ended with less than a 5% increase from 2nd quarter and average sale price 18% higher compared to 1st quarter. 

*Source: SCWMLS

Total number of Homes & Condos for Sale (as of 10/15/2021) - City of Madison and Surrounding*

Single Family Homes 401
Condos 119

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Real Estate Market Update, 2Q 2021

2nd Quarter Real Estate Market Update

Exploring how sales in South Central Wisconsin compared to last quarter and last year, we found that 2nd quarter sales in 2021 ended with 4,817 homes being sold. Compared to the 1st quarter of 2021, sales went up 38%, that is a normal trend as buying and selling during the spring is popular. Sales this quarter are up 8% compared to the number of homes sold in the 2nd quarter of 2020. The quarter ended with an median sale price of $300,000, which is a 11.4% increase from the 2021 1st quarter.

*Source: Wisconsin Realtors Association. If you are interested in learning more about Wisconsin’s housing statistics, click here

Total number of Homes & Condos for Sale (as of 7/15/2021) - City of Madison and Surrounding*

Single Family Homes 318
Condos 90

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Real Estate Market Update, 4Q 2020

4th Quarter Real Estate Market Update

Exploring how sales in South Central Wisconsin compared to last quarter and last year, we find that 4th quarter sales in ended with 4,696 homes being sold. Compared to the 3rd quarter, sales went down 15.2%, but that is a normal trend. However, sales this quarter are up 24.2% compared to the number of homes sold in the 4th quarter of 2019. The quarter ended with an average sale price of $265,000. This was only slightly lower than the previous quarter, but it was above the average sale price for the year, which was $260,000.
Source: Wisconsin Realtors Association.  If you are interested in learning more about Wisconsin’s housing statistics, click here

Total number of Homes & Condos for Sale (as of 1/15/2021)

Single Family Homes 460
Condos 250

4th Quarter Sales - City of Madison and Surrounding*

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