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Madison Short Sale Properties

Madison Short Sale ListingsCurious about buying a short sale property in Madison, Wisconsin? You've come to right place. Browse all Madison area short sale homes, lots, and acreage in one handy view below. Our listings are always up-to-date with the current inventory in Madison and across all of Dane County. If you're like many other buyers, you have questions about the process of buying a short sale home. We're here to answer all of your questions. For more information, check out the rest of our guide below, or contact us with any question that is on your mind. We're here to help.

Looking for a short sale condo? Visit our short sale condo guide here.

Dane County & Madison WI Short Sale Listings

All Listings $200,000 - $300,000 $300,000 - $400,000
4 Properties Found. Showing Page 1 of 1
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122 Days on Market

SS
Photo of Listing #1816633

$290,000

  • 6 Beds
  • 3.5 Baths
  • 3,765 SqFt
  • 0.27 Acres

Active

Home for Sale, 122 Days

5014 Flad Ave

Orchard Ridge

Madison, WI

Great Family Home In The Orchard Ridge Neighborhood. Plenty Of Space To Spread Out. Master Bedroo...

202 Days on Market

SS
Photo of Listing #1810754

$350,000

  • 5 Beds
  • 3.5 Baths
  • 3,144 SqFt
  • 0.24 Acres

Active

Home for Sale, 202 Days

4505 Wallace Ave

Spring Haven

Monona, WI

Price Reduced $25,000. Unique And Special. Multi-level Transitional Home Offers Many Updated Feat...

12 Days on Market

SS
Photo of Listing #1821303

$220,000

  • 4 Beds
  • 2.0 Baths
  • 1,667 SqFt
  • 0.29 Acres

Offer-Show

Home for Sale, 12 Days

578 Ace St

Blaser

Belleville, WI

Exceptional Bi-level Home With Lots Of Updates! Updated Open Concept Kitchen With Newer Ss Applia...

69 Days on Market

SS
Photo of Listing #1818481

$259,900

  • 5 Beds
  • 2.5 Baths
  • 1,505 SqFt
  • 0.08 Acres

Offer-Show

Home for Sale, 69 Days

1005 E Johnson St

Madison, WI

Isthmus Area - 5+ Bedroom & 2.5 Bath House With Hardwood Floors. Updated Mechanicals, Newer Furna...

Recent Short Sales in Madison & Dane County

Address Sold Price Sold Date Bed Bath Sqft. Price Per Sqft
1430 Dayflower Dr $335,000 2018-01-26 4 3.50 2602 $129
109 Ardmore Dr $149,950 2018-01-10 3 1.00 912 $164
1002 E Lincoln St $219,000 2017-12-22 3 2.00 1780 $123
4507 Maryland Dr $127,500 2017-11-28 3 1.50 1449 $88
6914 South Ave $220,000 2017-11-20 4 2.00 1454 $151
2773 Olia Rd $149,900 2017-11-10 2 1.00 1279 $117
413 Cramer St $162,000 2017-10-30 3 1.50 1728 $94
4202 Maher Ave $165,000 2017-10-20 3 1.00 1138 $145
4204 Claire St $155,000 2017-10-02 3 1.00 1248 $124
5896 Lochinvars Tr $195,000 2017-09-29 3 2.50 1650 $118
6404 Hidden Farm Rd $240,000 2017-09-28 3 3.00 2409 $100
825 Truman Rd $238,000 2017-09-15 3 2.00 1814 $131
925 Stonecress Ct $262,000 2017-08-29 4 3.00 2380 $110
116 W Randolph St $67,900 2017-08-23 4 1.50 2300 $30
9017 Ancient Oak Ln $305,000 2017-06-16 3 2.00 1700 $179
806 Sunnyview Lane $231,000 2017-06-16 3 2.50 1660 $139
825 Truman Rd $157,000 2017-06-02 3 2.00 1814 $87
4229 Barby Ln $142,500 2017-05-25 2 1.00 876 $163
4613 Bunker Hill Ln $210,000 2017-05-10 4 3.50 2740 $77
308 Kristi Ln $177,500 2017-04-07 3 1.00 1602 $111

Dane County Short Sale Property Statistics

Current Listings

  • * With Accepted Offers: 2
  • * Without Accepted Offers: 2
  • * Total Active Listings: 4
  • * % with Accepted Offers: 50%
  • * Months of Inventory: 1.1

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

  • * Total Sold Listings: 22
  • * Highest Sold Price: $335,000
  • * Lowest Sold Price: $67,900
  • * Average Sold Price: $190,330
  • * Median Sold Price: $177,750

* Source: IDX Active & Sold Listings

* Property Types: Single Family, Lots & Acreage

Short Sales Explained

A "short sale" occurs when a seller negotiates with his lender to accept less than what is owed for the home at closing. When the new buyer closes on the home, the property is said to be "sold short" because the purchase price is lower than the combined amount of the mortgage balance, commission fees and closing costs.

This means there are two negotiations that occur in a short sale:

  1. the negotiation between buyer and seller, and
  2. the negotiation between seller and the seller's lender.

If you're thinking of buying a short sale property, we recommend you hire a seasoned buyer agent to guide you through this sometimes complex process.

More about the Short Sale Process

Because there are two separate negotiations that occur in a short sale, the process of buying a short sale property can take much longer than the traditional real estate transaction. Here is how the short sale process occurs in five main steps:

  1. The buyer and seller agree to terms in the offer to purchase, including a contingency stating that the offer to purchase is also subject to the approval of the seller's lender.
  2. The seller's listing agent then submits the offer to purchase and other paperwork to the seller's lender. Included in this paperwork is market data which demonstrates the value of the property in the current real estate market. Also included is the seller's justification for the short sale, which typically includes evidence of financial hardship. A note to sellers: this is a very important step. We recommend you select an experienced listing agent to represent you during your sale. 
  3. The lender reviews the paperwork. Depending on the lender involved and the circumstances of the sale, this step can be rather lengthy. If the lender is a large, multi-national bank this step can take up to several weeks or more to complete. If the lender is a local Madison bank, this step can be completed in a matter of a few days. 
  4. If the terms in the offer to purchase are acceptable to the lender, the remaining contingencies in the offer to purchase (for example, financing and inspection) are carried out by the buyer.
  5. The seller also negotiates the resolution of deficiencies with his lender and other lien holders on the property. A second note to sellers: this is another very important step. We recommend you hire an experienced attorney to assist you with this part of the process. 

Searching for Madison Short Sale Properties

We make it easy to customize your search for short sale real estate listings in Madison or any other Dane County location. Visit our Real Estate Search page and select Short Sale from the Foreclosures search filter. Then use any of our remaining real estate search filters to focus your search. 

Within our listings the Short Sale field under Additional Information will be set to Yes for every short sale real estate listing on our website. 

We have the experience and expertise to help you successfully buy a short sale listing in Madison or any other Dane County location. Contact us 365 days a year with your questions and requests for property tours.