Market Snapshot
Things to Do in Madison
Madison is your gateway to Wisconsin’s most sought-after tourist attractions, events, lakes, museums, theaters and dining outlets. Experience the majestic scenery of the city’s well-renowned lakes through your choice of a cruise or boat ride. Have a weekend well spent with the family at the Henry Vilas Zoo that, an admission-free zoo that features over 650 animals from all around the world. Tour around the Wisconsin State Capitol, a significant Roman Renaissance-style landmark that hosts the only granite dome in the U.S. and over 40 different types of stones and murals from different parts of the world.
Madison Industries
As the capital city of Wisconsin, this city is surrounded by the best industries and career opportunities in the software industry. Additionally, there are countless opportunities in the food services industry for job seekers specializing in the related field. The University of Wisconsin-Madison, American Family Insurance, Sub-Zero, American Girl and John Deere are some of the larger employers bolstering the economy.
Top Madison School Districts
Madison ranks second in the country in terms of education, and it is in fact composed of top school districts in the whole Wisconsin area. The said districts are comprised of the most excellent schools and the best educational programs for students in the city. The best school districts in this city are Middleton-Cross Plains Area School District, Sun Prairie Area School District and Monona Grove School District.
Madison Housing Market Conditions
New housing supply is somewhat greater than the demand in Madison, Wisconsin. With new home valuations rising, the income supported prices are making gains to match. New homes are closing at higher evaluations. This current market is a tough one, but Madison is fairing much better in comparison to other major markets.
The good news for this region is its very low unemployment rate and continued new growth for jobs. The unemployment rate has been below 3% and Madison is bouncing back from the pandemic. With higher interest rates, there is a slowdown in new home market activity. The bulk of permits have been for higher density building instead of single-family dwellings.
With a recession possible, higher interest rates and inflation, the new home market is not seeing promising changes for the first part of the year as it aligns with the current economy. Madison sits well in the current situation with a lower inventory and remains a stable market. With its promising jobs market, new home buyers can continue to make a great investment in this region. With Madison staying the course during this economy there will be more homes new homes for sale in Madison in the upcoming year.
Find suburban living surrounding Madison allowing you to find the perfect locale for excellent schools, services and employment. New home builders are designing open concept floor plans ideal for modern families. Fall in love with cottage and Craftsman style exteriors in single family homes and twin homes. From covered porches to beams to dormers and more get the curb appeal you crave. Inside, your home will elevate your quality of life with spacious kitchens designed to serve as the hub of the home. Laundry rooms, luxurious baths and welcoming great rooms make life enjoyable. From smart home technology to plenty of storage, these new homes in Madison are hard to beat!
Market Overview: New Homes in Madison, WI
Here is a quick overview of new housing developments in the Madison area and the new construction market for new build homes in Madison:
| Market Name | Madison |
| State Name | Wisconsin |
| Subdivisions | 31 |
| Homes Under Construction | 47 |
| Quick Move-in Homes | 51 |
| Floor Plans | 247 |
| Starting Price | $327,400 |
| Average Price | $509,330 |
| Price Per SqFt | $242 |
| New Home Builders | 12 |
| Leading Builders |
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