Madison Homes For Sale | Madison Real Estate
Not many people outside of Wisconsin are familiar with Madison, and even among Wisconsin residents the real estate market of Madison can seem something of an enigma. If you're searching for information on Madison, Wisconsin or its real estate market, this is the place to get it. Our free online databank provides advice and helpful tips for buyers and sellers looking to make the most out of their property transaction in Madison, WI. Written and maintained by experts, this resource should provide you with enough of an overview of the market conditions and the city itself (schools, jobs, things to do, community, etc) to make an informed decision. We hope you will find it useful to your efforts.
Madison, Wisconsin: Jewel of the Lakes Region
If you suggested a move to Madison, Wisconsin to the average person they would probably respond with "why would I want to move there??" when really, the question is: why wouldn't you want to live in Madison? Situated on a series of beautiful lakes, Madison, WI is not only the state capitol but also one of the best places to live in the United States. It has ranked among the safest and most gay friendly cities in the nation and is one of the number one cities for college sports. Over 228,000 people agree: Madison is a great place to live.
The low unemployment rate is one of the key factors that makes Madison, WI such a top contender. The top employment sectors are government and education thanks to the capitol complex and the University of Wisconsin, but the boost the economy gets from the technology industry makes it one of the best places in the country for business and careers. Several well-known companies have large operations or headquarters offices in Madison, including Rayovac, the National Credit Union Association, Raven Software, Invitrogen, and Oscar Meyer.
Popular things to do in Madison, Wisconsin include attending UW-M Badgers games and participating in sports, most notably skiing and ice hockey in the winter. The city has an extensive network of bike trails, a zoo, a chamber orchestra, a large farmer's market, and a number of buildings designed by Frank Lloyd Wright. Each year, the Rhythm and Booms celebration draws in thousands of spectators to see the fireworks and Air National Guard fly past.
The Madison, WI Real Estate Market
Compared to many other cities in the United States, Madison, Wisconsin's real estate market is doing quite well. The effects of the recession don't seem to have hit the city as hard as others. In fact, the past few months has seen an increase in housing values even though the overall values have declined 6.8% from last year. Currently the average listing price is about $256,000, with neighborhoods within the city commanding different prices. The most popular areas have listing prices ranging from $198,000 to $454,000.
There are many neighborhoods to choose from - over 120 within the city limits - each with its own special character. For instance, State Street is a pedestrian only area with lots of hip cafes and restaurants that are popular with the university students while King Street is a more upscale version of the same aesthetic that caters to the professional crowd. There are, of course, multiple suburban developments that are a favorite with families and there are even two housing co-ops for the more egalitarian home buyer.
The types of homes you'll find in Madison, WI represent a variety of styles. Flashy new condos and apartments are the order of the day downtown and in the Near East Side, while some of the older residential neighborhoods in midtown feature historic homes which exhibit influences from architectural styles like Victorian, Craftsman and Prairie. The most modern homes are found in the outer ring developments. More of them are going up each year as the city continues to grow.
Contact a Madison, WI Real Estate Agent
Now that you've acquainted yourself with the situation regarding the Madison, Wisconsin real estate market, what's your decision? Will you enter the market on your own? If you don't feel like you are able to handle this complex process by yourself, why not contact one of our Madison realtors for assistance? He or she will be able to answer all your questions on the city and its housing market as well as help you navigate the sea of buyers, sellers, and paperwork involved in such a transaction. We're here to help you, so call today or visit us at our Madison offices.
