In March 2022, there were 466 homes sold, with a median sale price of $331,450 - a 6.2% increase over the $312,150 median sale price for the same period of the previous year. There were 528 homes sold in Madison in March 2021.
The median sales tax in Madison for the most recent year with available data, 2020, was $5,806, approximately 1.8% of the median home sale price for March 2022.
The following table compares Madison to other Dane County cities with similar median sale prices in March 2022:
| City | Mar. 2022 Home Sales | Mar. 2021 Home Sales | % change (Total Home Sales) | Mar. 2022 Median Sales Price | Mar. 2021 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Middleton | 36 | 36 | 0% | $383,500 | $344,200 | 11.4% |
| Waunakee | 25 | 41 | -39% | $357,500 | $416,200 | -14.1% |
| Cottage Grove | 12 | 13 | -7.7% | $342,500 | $375,000 | -8.7% |
| Windsor | 9 | 14 | -35.7% | $340,000 | $352,500 | -3.5% |
| Sun Prairie | 72 | 104 | -30.8% | $332,500 | $287,050 | 15.8% |
| Madison | 466 | 528 | -11.7% | $331,450 | $312,150 | 6.2% |
| Verona | 26 | 33 | -21.2% | $326,000 | $331,500 | -1.7% |
| Fitchburg | 44 | 64 | -31.3% | $322,500 | $371,950 | -13.3% |
| Brooklyn | 1 | 2 | -50% | $320,000 | $212,500 | 50.6% |
| Oregon | 20 | 26 | -23.1% | $316,900 | $341,000 | -7.1% |
| Cross Plains | 8 | 6 | 33.3% | $307,750 | $315,751 | -2.5% |
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