Temps—and Condo Sales—Are Heating Up: 2026 Q2 Downtown Condo Market Update

The downtown condo market last quarter was, simply put, normal. One fewer condo sold verses the same period last year, prices were flat or slightly up, and it started hot in early Spring with the typical lull in late June.

Thankfully for downtown condo owners, Madison’s “normal” property market is pretty darn good. Here are the highlights from 2026 Q2:

One thing that can take a downtown Madison condo from “normal” to “amazing” is a great view. Those views most often come from being on a higher floor, and almost always carry a price premium. Just how much of a premium depends on the floor. Usually floors 4 or 5 are high enough to see over trees and smaller buildings. If the condo isn’t on or near a lake, you usually have to get up to floor 9 or 10 to get a glimpse of Mendota or Monona.

To remove other variables, we’ll just look at 2-bedroom condos that sold at Metropolitan Place—Madison’s largest downtown condo building—over the last 5 years. Here are the average prices per square foot for each grouping of floors: 

• Lower floors (1-4): $331

• Middle floors (5-9): $371

• Upper floors (9-14): $390

As expected, the higher you go, the more expensive it gets. This is no surprise, because who wouldn’t want to wake up to a view of one of our gorgeous lakes every morning?

Speaking of normal, the busy season for Madison home sales tends to follow our weather. It's hot through the end of August and cools off steadily through the end of the year. If you’re a buyer who wants as many options as possible, or a seller who wants as many potential buyers as possible, now is an ideal time to get started!

Here are a few of the lovely downtown condos we had the privilege of selling last quarter or currently have available: 

Discover the best of downtown Madison condo living in this beautifully updated two-bedroom-plus-den residence in the sought-after Fourth Ward. Over $30,000 in recent improvements include new kitchen appliances, updated lighting, a combination washer and dryer, a new thermostat, new toilets and a space-saving Murphy bed in the second bedroom.

The condo also offers two parking spaces, a private storage unit and peaceful south-facing views of the landscaped courtyard. One parking space is currently rented for $250 per month, providing potential additional income if the second space is not needed.

Enjoy easy access to downtown Madison restaurants, shops, entertainment and cultural attractions while coming home to the quiet atmosphere and welcoming community of this desirable low-rise condominium development. Click the image above to explore this exceptional Fourth Ward condo and learn more.

Give me a call if you want to add your condo to this list!

2025 Q2 + 2026 Q2 E01/W01 condominium stats pulled from the SCWLMS.

Tags

• real estate (2)
• lake monona (1)
• condos (1)
• sellers (1)
• stats (1)
• condo sales (1)
• downtown (1)