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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 Under $100,000 $100,000 - $200,000
$300,000 - $400,000 $400,000 - $500,000
9 Properties Found. Showing Page 1 of 2
Map Madison Foreclosure Listing Alerts
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2 Days on Market

REO
Photo of Listing #1831531

$161,200

  • 2 Beds
  • 1.0 Baths
  • 857 SqFt
  • 0.33 Acres

Active

Home for Sale, 2 Days

1221 Blaine Dr

Lakeview Park

Madison, WI

This 2 Bedroom Ranch Is Waiting For Your Personal Touches! Located On A Quiet Cul-de-sac, This P...

10 Days on Market

REO
Photo of Listing #1830837

$449,900

  • 3 Beds
  • 3.0 Baths
  • 4,564 SqFt
  • 0.36 Acres

Active

Home for Sale, 10 Days

5845 Park Hill Cir

Seminole Forest

Fitchburg, WI

Discover This Custom Built Timeless Ranch Home On A Wooded Quiet Cul-de-sac In Sought After Semin...

30 Days on Market

REO
Photo of Listing #1828717

$79,900

  • 3 Beds
  • 1.0 Baths
  • 1,005 SqFt
  • 0.45 Acres

Active

Home for Sale, 30 Days

2872 Hilton Ln

Hilton Est

Bristol, WI

Home Is A Modular On A Full Basement. Nice Large Lot Is Perfect For This Rehab Or Build Something...

52 Days on Market

REO
Photo of Listing #1826631

$144,900

  • 3 Beds
  • 1.0 Baths
  • 1,550 SqFt
  • 0.19 Acres

Active

Home for Sale, 52 Days

1929 Browning Rd

Madison, WI

Bring Your Offers! Cute Ranch Home Features Hardwood Floors And A 2 Car Garage Plus A Finished Ba...

65 Days on Market

REO
Photo of Listing #1825486

$149,900

  • 3 Beds
  • 1.0 Baths
  • 1,332 SqFt
  • 0.16 Acres

Active

Home for Sale, 65 Days

516 Columbus St

Dunphy Addn

Sun Prairie, WI

This Cute Bungalow Home Is Waiting For Your Personal Touches. Home Offers 3 Bedrooms, 1 Bath, Fo...

Just Sold REO Properties in Madison/Dane County

Address Sold Price Sold Date Bed Bath Sqft. Price Per Sqft
2456 County Road A $180,137 2018-05-18 3 1.00 1200 $150
209 N Division St $165,000 2018-05-16 5 3.50 2814 $59
6718 Old Sauk Rd $234,150 2018-05-09 3 3.00 1545 $152
2906 Interlaken Pass $246,233 2018-05-08 3 2.00 1389 $177
420 N Sherman Ave $219,000 2018-05-04 3 1.00 1170 $187
5138 Irish Ln $122,500 2018-04-30 3 1.00 1206 $102
2750 Ironwood Dr $625,000 2018-04-30 $
1917 Range Tr $507,500 2018-03-29 3 2.00 2195 $231
604 Townsend St $132,000 2018-03-29 3 1.50 1196 $110
408 Memphis Ave $105,000 2018-03-28 2 2.00 912 $115
130 Hickory Nut Ln $51,500 2018-03-19 2 1.00 725 $71
5006 Buckeye Rd $67,900 2018-03-09 1 1.00 970 $70
2747 Thrush Ln $220,000 2018-03-09 3 2.00 1664 $132
2889 Glacier Valley Rd $122,500 2018-02-26 2 1.00 1500 $82
683 Rinpoche Ln $800,500 2018-02-23 6 4.50 9220 $87
409 Troy Dr $126,000 2018-02-22 4 3.00 1675 $75
2618 Moland St $91,000 2018-02-15 1 1.00 584 $156
2913 Greenway Tr $180,500 2018-02-14 2 1.00 926 $195
5309 Dorsett Dr $219,000 2018-02-09 3 2.50 1819 $120
4113 Hanover St $177,000 2018-01-30 3 1.50 2603 $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: 1.3

Sold 05/26/2017 - 05/26/2018

  • * Total Sold Listings: 56
  • * Highest Sold Price: $800,500
  • * Lowest Sold Price: $50,000
  • * Average Sold Price: $226,064
  • * Median Sold Price: $171,500

* 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.