FREE Market Analysis

Get educated on your home's market value. We'll estimate your home's value in our current market and provide you with a customized marketing plan. Please call Dan at 608-852-7071 to get started or fill out the form below and we’ll get back to you promptly. Thanks!
Please provide a valid email address.
Your Home's
Market Value

Madison Bank Owned Homes for Sale

Foreclosures In Madison WIHave you been searching for a bank-owned home in Madison, Wisconsin? Use this page as your one-stop shop for foreclosure listings in Madison and the surrounding Dane County area. Our REO properties include lots and single family homes owned by banks and credit unions (see our guide to bank owned condos here ). For more useful information, continue with the remainder of our guide below.

Mad City Dream Homes makes it easy to search for distressed property listings. Visit our search page, and select REO/Bank Owned from the Foreclosures search tool. Then use any of our remaining property search filters to narrow your focus. Our listing feed includes all of the properties for sale on the South Central Wisconsin MLS. 

Dane County & Madison Bank Owned Properties

All Listings $100,000 - $200,000 $200,000 - $300,000
$300,000 - $400,000 $400,000 - $500,000
9 Properties Found. Showing Page 1 of 2
Map Madison Foreclosure Listing Alerts
Sort by:

6 Days on Market

REO
Photo of Listing #1845524

$399,900

  • 4 Beds
  • 2.5 Baths
  • 2,696 SqFt
  • 3.16 Acres

Active

Home for Sale, 6 Days

889 Gallagher Ln

Rutland, WI

Located In Between Stoughton And Oregon This Home Has A Peaceful Setting, Residents Can Let In Th...

7 Days on Market

REO
Photo of Listing #1845508

$439,900

  • 4 Beds
  • 2.5 Baths
  • 3,952 SqFt
  • 12.00 Acres

Active

Home for Sale, 7 Days

3890 Oak Park Rd

Deerfield, WI

Great Opportunity To Purchase A T-bone Home At Hamburger Price! Contemporary Two Story On A Priva...

26 Days on Market

REO
Photo of Listing #1844209

$297,000

  • 3 Beds
  • 2.0 Baths
  • 2,092 SqFt
  • 5.49 Acres

Active

Home for Sale, 26 Days

1787 Strawberry Rd

na

Cottage Grove, WI

Privacy And Secluded Is What Describes This Property. Home Is Located Down A Long Cemented Drivew...

28 Days on Market

REO
Photo of Listing #1844140

$196,560

  • 3 Beds
  • 2.0 Baths
  • 1,500 SqFt
  • 0.25 Acres

Active

Home for Sale, 28 Days

204 Weald Bridge Rd

Tanglewood

Cottage Grove, WI

No Showings. List Price Is On A Listing Contract. This Property Is An Occupied Foreclosure. Buy...

48 Days on Market

REO
Photo of Listing #1842873

$119,900

  • 3 Beds
  • 1.0 Baths
  • 1,108 SqFt
  • 0.15 Acres

Active

Home for Sale, 48 Days

914 Pine St

Prairie Homes

Sun Prairie, WI

Bring Your Vision And Some Sweat Equity. Solid Half Duplex In Need Of Renovation And Tlc. Nice Ba...

102 Days on Market

REO
Photo of Listing #1837723

$159,900

  • 4 Beds
  • 2.0 Baths
  • 2,478 SqFt
  • 0.31 Acres

Active

Home for Sale, 102 Days

2703 Thinnes St

Cross Plains, WI

This Home Is A Diamond In The Rough And In Need Of Renovations And Updates. It Could Be Used As A...

Just Sold REO Properties in Madison/Dane County

Address Sold Price Sold Date Bed Bath Sqft. Price Per Sqft
1309 Garden Ave $166,250 2018-10-31 4 2.00 1497 $111
5845 Park Hill Cir $381,000 2018-10-26 4 3.00 4564 $83
4925 Pierceville Rd $240,500 2018-10-25 3 2.00 2327 $103
5010 Milwaukee St $150,000 2018-10-03 2 1.00 1602 $94
516 Columbus St $150,000 2018-09-27 3 1.00 1332 $113
5702 Piping Rock Rd $228,000 2018-07-27 3 2.50 1661 $137
1317 Loftsgordon Ave $71,000 2018-07-27 1 1.00 625 $114
4533 Deerwood Dr $225,000 2018-07-27 4 2.50 2072 $109
1505 Dover Dr $254,100 2018-07-27 3 2.50 2001 $127
1221 Blaine Dr $161,000 2018-07-11 2 1.00 857 $188
5358 Lismore Ln $389,900 2018-07-02 4 3.00 3200 $122
4317 Milwaukee St $195,300 2018-06-29 3 1.00 930 $210
2872 Hilton Ln $62,000 2018-06-28 3 1.00 1005 $62
1101 Reiner Rd $1,300,000 2018-06-27 $
1453 Macarthur Rd $119,999 2018-06-26 3 1.00 1126 $107
10 S Main St $72,150 2018-06-20 4 2.00 1602 $45
5406 Broadhead St $141,900 2018-06-15 2 1.00 1200 $118
2819 Moland St $174,900 2018-06-15 2 1.00 924 $189
1432 Felland St $187,000 2018-06-08 2 1.00 1144 $163
23 W Nelson St $85,000 2018-05-31 3 1.00 1250 $68

Dane County Foreclosure Statistics

Current Listings

  • * With Accepted Offers: 3
  • * Without Accepted Offers: 6
  • * Total Active Listings: 9
  • * % with Accepted Offers: 33%
  • * Months of Inventory: 1.4

Sold 11/19/2017 - 11/19/2018

  • * Total Sold Listings: 53
  • * Highest Sold Price: $1,300,000
  • * Lowest Sold Price: $51,500
  • * Average Sold Price: $235,598
  • * Median Sold Price: $166,250

* Source: IDX Active & Sold Listings

* Property Types: Single Family, Lots & Acreage

More Local Foreclosure Info

Check out our always up-to-date foreclosure statistics immediately above. Note the supply of distressed properties is much smaller than it used to be, and the competition for listings can be fierce. For this and many other reasons, we recommend you hire an experienced buyer agent to assist you with your bank-owned property search. 

Madison Foreclosures: Reports and Resources

Our new monthly report makes it easy for you to stay on top of the latest foreclosure trends in South Central Wisconsin. Our monthly report covers the latest trends in Dane, Milwaukee, Rock and Sauk County. Our report also summarizes the latest trends at the statewide level. 

REO: What does it Stand For?

REO stands for "real estate owned" by a financial institution such as a bank or credit union. Our detailed listings will tell you when the property you are viewing is an REO property. See the REO/Bank Owned field under Additional Information in our detailed listings. This field is set to "Yes" for all bank owned real estate listings on our website.

Should you Buy an REO Property?

This article offers some perspective. If your goal is to buy a foreclosure, we recommend you hire a seasoned buyer agent who will help you successfully navigate any challenges that might present themselves during the purchase process.

Call on us to assist you with the inventory of foreclosures for sale in Madison and across all of Dane County. We've helped dozens of buyers and investors with their distressed property purchase, and we can help you, too.