In October 2021, there were 497 homes sold, with a median sale price of $313,000 - a 13.5% increase over the $275,750 median sale price for the same period of the previous year. There were 590 homes sold in Madison in October 2020.
The median sales tax in Madison for the most recent year with available data, 2020, was $5,806, approximately 1.9% of the median home sale price for October 2021.
The following table compares Madison to other Dane County cities with similar median sale prices in October 2021:
| City | Oct. 2021 Home Sales | Oct. 2020 Home Sales | % change (Total Home Sales) | Oct. 2021 Median Sales Price | Oct. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Middleton | 46 | 50 | -8% | $347,750 | $356,500 | -2.5% |
| Oregon | 40 | 46 | -13% | $337,500 | $242,100 | 39.4% |
| Verona | 18 | 40 | -55% | $327,750 | $322,450 | 1.6% |
| Mount Horeb | 14 | 23 | -39.1% | $319,900 | $296,500 | 7.9% |
| Cambridge | 8 | 2 | 300% | $318,950 | $357,700 | -10.8% |
| Madison | 497 | 590 | -15.8% | $313,000 | $275,750 | 13.5% |
| Black Earth | 8 | 10 | -20% | $306,000 | $273,125 | 12% |
| McFarland | 14 | 23 | -39.1% | $305,800 | $274,000 | 11.6% |
| Cottage Grove | 15 | 23 | -34.8% | $300,000 | $295,000 | 1.7% |
| DeForest | 25 | 36 | -30.6% | $300,000 | $288,200 | 4.1% |
| Sun Prairie | 92 | 106 | -13.2% | $286,300 | $275,000 | 4.1% |
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