Near West Side q3 2018 Home Sales Report - Values Increase 5%

 Home    Near West Side q3 2018 Home Sales Report – Values Increase 5%

Madison Near West Side sold home prices have increased 5% over 2017 with an average price per square foot increasing to $221 vs. $210 sq.ft from last year. Units sold has declined 12%. The average days on the market has decreased, or sped up by 14% over 2017’s rate. We see good demand for listings in this market.

2017 2018 % Change
Houses Sold 300 265 -12%
Cost/Square Foot $210 $221 +5%
Average Days on Market 28 24 -14%

For the full home sales details, please see:

Data is for those properties that sold on MLS only.

2018 q3 Madison Near West Side Neighborhood Comparison

Homes Sold
Compared 2017
Cost/Square
Foot
Avg. Days
on Market
Near West Side -12% $221 24
Dudgeon Monroe +62% $277 13
Shorewood Hills +35% $273 30
Regent -40% $256 8
Vilas no change $253 35
University Heights -31% $245 11
Nakoma -39% $220 41
Sunset Village -17% $218 14
Westmorland -50% $212 18
Hill Farms +10% $190 10
Midvale Heights no change $177 11

 

  • Dudgeon-Monroe and Shorewood Hills have been the hottest markets on the near west side of Madison for the first 3 quarters, both with an increase in home sales and home values
  • Homes typically take longer to sell in Shorewood Hills, Vilas and Nakoma
  • Many of the near west side neighborhoods have lower home sales than last year due to lower inventory availability

 

The Miller Real Estate Group Near West Side Home Sales – 2017 – 2018

  • 2310 Keyes Ave
  • 4022 St. Clair St
  • 2131 Hollister Ave
  • 4030 Euclid Ave
  • 2606 Chamberlain Ave
  • 2125 Chamberlain Ave
  • 4313 Hillcrest Dr
  • 2025 Chadbourne Ave
  • 213 Owen Dr
  • 4031 Cherokee Dr
  • 2114 Vilas Ave

Contact Jamie Miller, to sell your home today!