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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
$700,000 - $800,000 $900,000 - $1,000,000
9 Properties Found. Showing Page 1 of 2
Map Madison Foreclosure Listing Alerts
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4 Days on Market

REO
Photo of Listing #1822435

$92,400

  • 4 Beds
  • 2.0 Baths
  • 1,602 SqFt
  • 0.15 Acres

Active

Home for Sale, 4 Days

10 S Main St

Deerfield, WI

Cute 2 Story Home In Downtown Deerfield Features Nice Room Sizes Throughout And A Screened Porch!...

9 Days on Market

REO
Photo of Listing #353162

$136,000

  • 3 Beds
  • 1.5 Baths
  • 1,196 SqFt
  • 0.29 Acres

Active

Home for Sale, 9 Days

604 Townsend St

Cambridge, WI

Wonderful Location! Good Opportunity For Someone To Use Sweat Equity To Bring This Ranch Back To ...

88 Days on Market

REO
Photo of Listing #1818500

$124,900

  • 3 Beds
  • 1.0 Baths
  • 1,206 SqFt
  • 0.94 Acres

Active

Home for Sale, 88 Days

5138 Irish Ln

Fitchburg, WI

Bring Some Vision To This 3 Bed Home, 1 Bath Home On A Large Rural Lot. Open Style Floor Plan And...

18 Days on Market

REO
Photo of Listing #1821453

$199,900

  • 3 Beds
  • 2.0 Baths
  • 1,664 SqFt
  • 0.49 Acres

Offer-Show

Home for Sale, 18 Days

2747 Thrush Ln

Raven woods

Cottage Grove, WI

Hud#581-342817. Wonderful Country Subdivision!! Large Yard W/many Mature Trees, Beautiful Plants ...

38 Days on Market

REO
Photo of Listing #1820384

$104,000

  • 2 Beds
  • 2.0 Baths
  • 912 SqFt
  • 0.12 Acres

Offer-Show

Home for Sale, 38 Days

408 Memphis Ave

Gallagher

Blooming Grove, WI

This 2 Bedroom Cape Cod Is Just Waiting For Your Ideas And Sweat Equity. Home Offers A Large Scr...

66 Days on Market

REO
Photo of Listing #1819418

$797,000

  • 6 Beds
  • 4.5 Baths
  • 9,220 SqFt
  • 0.53 Acres

Offer-Show

Home for Sale, 66 Days

683 Rinpoche Ln

Bergamont

Oregon, WI

Must See Fabulous Bergamont Executive Home On The 13th Fairway. This Home Was Made For Entertaini...

Just Sold REO Properties in Madison/Dane County

Address Sold Price Sold Date Bed Bath Sqft. Price Per Sqft
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
504 Linda Rd $162,000 2018-01-29 3 2.00 1386 $117
4102 Veith Ave $752,000 2018-01-22 4 3.50 3767 $200
3622 Sargent St $136,000 2018-01-16 2 2.00 1593 $85
100 S Madison St $111,000 2018-01-16 3 1.50 1587 $70
1602 Homberg Ln $159,000 2018-01-05 3 1.50 1606 $99
5529 Sheil Dr $165,500 2017-12-22 3 2.00 1416 $117
1307 Lawton Ct $446,250 2017-12-18 5 3.50 5086 $88
488 Albion Rd $165,000 2017-12-08 2 2.00 2890 $57
4952 County Road F $420,000 2017-12-04 2 1.00 1620 $259
6743 Sunset Meadow Dr $185,000 2017-11-30 3 1.50 1385 $134
909 Monroe Ct $124,500 2017-11-27 3 1.00 1000 $125
626 Troy Dr $120,000 2017-11-20 4 3.00 2900 $41
5 E Deerfield St $80,025 2017-11-10 3 1.00 1374 $58
89 Lakeview Ave $50,000 2017-11-03 2 1.00 792 $63
300 Crossing Ridge Ct $182,000 2017-10-30 3 2.50 2510 $73
136 West St $217,000 2017-10-27 3 2.00 2266 $96
152 Union St $80,150 2017-10-19 4 2.00 1300 $62
5030 Crestview Rd $63,000 2017-09-29 3 2.00 1620 $39

Dane County Foreclosure Statistics

Current Listings

  • * With Accepted Offers: 6
  • * Without Accepted Offers: 3
  • * Total Active Listings: 9
  • * % with Accepted Offers: 67%
  • * Months of Inventory: 0.6

Sold 02/18/2017 - 02/18/2018

  • * Total Sold Listings: 64
  • * Highest Sold Price: $752,000
  • * Lowest Sold Price: $50,000
  • * Average Sold Price: $213,941
  • * Median Sold Price: $177,750

* 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.