Photo: Corey Coyle · CC BY 3.092 homes sold in Monona in the last year, at a typical $475K
Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Monona homes are listed.
Every place Monona homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Monona.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 90% of Monona’s sales, at a typical $486K
92 homes sold in the year to May 2026.
typical sale · 83 sold in 12 months
- Per square foot
- $288WI $196
- Days to sell
- 52
- Sold over asking
- 42%
- Listings with a price cut
- 27%
Multi-family (2–4 units): 3 sold, typical $480K
Townhouses: 1 sold, typical $695K
Condos: 5 sold, typical $401K
Too few sales in 12 months for reliable figures.
Fewer homes sell than a decade ago, at twice the 2016 price
92 sales in the last year, against 153 in 2015 and a low of 77 in 2024. The typical sale went from $244K in 2016 to $475K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $500K buys in Monona
Check a listing against what Monona homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Monona are more common than before the pandemic, with about as many homes for sale
We read every month of Monona’s home sales since 2015 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 92 sales.
If you’re buying in Monona
- Shop in March. It brings about 14 new listings a month, close to the busiest month, with fewer bidding wars (40% over asking).
- Some room to negotiate. 21% of listings cut their price, about as many as before the pandemic.
- Bid near asking. Buyers paid 100.3% of the list price on average; 40% paid over.
- You’ll usually have time. Only 33% of homes go under contract within two weeks; the typical one takes 51 days.
Spring brings the homes; summer brings the bidding wars
May has the most new listings (about 16 a month), but June is the most competitive: 52% of June sales close over asking. March offers nearly as much choice with fewer homes bid up (40%). January has the least competition (16%) but only about 7 new listings.
Averages for each calendar month, 2015 on.
Nearly as heated as 2021, and about like Wisconsin as a whole
| Monona now | 2017–19 | 2021 peak | WI now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 40% | 32% | 50% | 38% |
| Gone within two weeksShare of homes under contract within 14 days | 33% | 41% | 50% | 46% |
| Listings with a price cutShare of homes for sale that cut their price | 21% | 21% | 23% | 18% |
| Price paid vs. askingAverage sale price ÷ list price | 100.3% | 99% | 101.8% | 99.6% |
| Days to sellMedian days from listing to contract | 51 | 57 | 38 | 51 |
22 homes for sale on a typical day
That’s 1.8 times the 2023 low (13), 11% fewer than in 2017–19 and well under 2015’s 37.
1 in 5 listings has cut its price
21% in the last year, against 21% in 2017–19 and 18% across Wisconsin.
Since 2019, houses are up 60%, condos 40%
A house typically sold for $486K in the last year (83 sales), a condo for $401K (5).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Monona ranks 76th of 158 busy Wisconsin markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Monona is in the middle of the pack.
Source: Redfin Data Center, city market tracker, January 2015 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Monona home costs about $3,159 a month
Price: Monona’s typical sale, last 12 months. Property tax at Monona’s 1.7% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Monona is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in May
The month with the most choice. December has the fewest, about 5.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $475K home, about $8,170 a year.
Taxes vs. neighborsSchools
The schools grade for Monona, from test results, graduation and how much students grow.
Schools in MononaCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
McFarland, Madison, Fitchburg, Cottage Grove and Oregon sell for less a square foot; Maple Bluff for far more
The busier markets within 25 miles of Monona, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Madison | 2,634 | $430K | $251 | 38% | 48 |
| Fitchburg | 376 | $469K | $235 | 31% | 65 |
| Oregon | 220 | $496K | $229 | 31% | 61 |
| McFarland | 118 | $458K | $244 | 34% | 64 |
| Cottage Grove | 115 | $464K | $225 | 30% | 79 |
| Monona | 92 | $475K | $286 | 40% | 51 |
| Maple Bluff | 26 | $1.3M | $381 | 27% | 71 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Monona, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Monona. People who follow the town see it, and so do people comparing Monona with their own town. No commission, no listing fee.
Questions about buying a home in Monona
What do homes sell for in Monona, WI?
92 homes sold in the year to May 2026 at a typical $475K, $286 a square foot.
Is Monona a buyer’s or seller’s market?
A seller’s market: 20 homes were for sale in May 2026 and 9 sold, about 2.2 months of supply. Buyers paid 100.3% of asking on average, and 21% of listings cut their price.
When is the best time to buy in Monona?
May brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Monona?
About 1.7% of a home’s value a year. On a $475K home that’s near $8,170.
Where can I see homes for sale in Monona?
Zillow, Redfin, Realtor.com and Homes.com all carry Monona’s MLS listings; the search links above open each one filtered to Monona.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).