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Featured local agent — Monona, WI
Sarah Mitchell
Compass Real Estate · Monona, WI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Monona, WI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$512,500median sale price
How is the Monona, WI housing market right now?
The median home sale price in Monona, WI is $512,500, down 1.0% year-over-year. Homes sell in an average of 40 days with 20 active listings. The market is currently a strong seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Monona a buyer's or seller's market?
Monona, WI is currently a strong seller's market, based on 2.2 months of supply and homes selling in about 40 days. How we determine this →
Homes sold
9
Last 12 weeks
Days on market
40
Average pace
Active listings
20
2.2 months supply
Sale-to-list
105.2%
Above asking
What does the Monona housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $512,500 |
| Median list price | $414,900 |
| Year-over-year price change | -1.0% |
| Average days on market | 40 days |
| Active inventory | 20 listings |
| Months of supply | 2.2 months |
| Sale-to-list price ratio | 105.2% |
| Median price per sq ft | $290/sq ft |
| Homes sold (latest month) | 9 |
| New listings (latest month) | 10 |
| Listings with a price cut | 20.0% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Monona by property type?
How the Monona, WI market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $512,500 | $290/sq ft | 9 | 40 days |
| Condo / Co-op | $436,500 | $352/sq ft | 1 | 6 days |
| Townhouse | $695,000 | $382/sq ft | 1 | 57 days |
Source: Redfin · Updated monthly
The Monona housing market is currently classified as a strong seller's market with a median sale price of $512,500. Prices have fallen 1.0% compared to last year, with homes spending an average of 40 days on market, indicating 2.2 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 5.5x provides context for how home values compare to local earning capacity.
Homes for sale in Monona
There are currently 20 homes listed for sale in Monona, Wisconsin. The median listing price is $415K.
Active listings
20
Homes on market
Median list price
$415K
Avg. days on market
40
Days until sale
New this week
10
Newly listed
Who lives in Monona?
Population
8,604
Median income
$87,784/yr
Median age
44.7 years
Owner-occupied
53.6%
College grads
57.5%
Avg commute
19 min
Source: U.S. Census Bureau ACS
What are homes worth in Monona?
Zillow home value
$485,406
Zillow rent index
$1,750/mo
Price-to-rent ratio
23.1x
Price-to-income
5.5x
Source: Zillow Research
What is it like to live in Monona?
Monona is a community of approximately 9K residents with a median age of 44.7 years.The median household income is $87,784, which reflects a relatively affluent area with strong earning potential. 57.5% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 53.6%, showing a blend of owner and renter-occupied properties. The average commute time is 19 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Monona offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Monona?
4 schools tracked · 2,167 students
The largest public schools serving Monona, WI by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Monona Grove High
Grades 9-12 · 1,144 students
Winnequah School
Grades PK-5 · 642 students
Nuestro Mundo
Grades K-5 · 295 students
Monona Grove Liberal Arts
Grades 6-12 · 86 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Monona, WI?
Want a head-to-head view? Compare Monona side-by-side with any other U.S. city using our market-comparison tool.
Is Monona a good real estate investment market?
For investors evaluating Monona, the price-to-rent ratio of 23.1x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 1.0% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Monona's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Monona's median home price.
Frequently asked questions
What is the average home price in Monona?
The median home sale price in Monona is $512,500, down 1.0% from last year.
How long do homes stay on market in Monona?
Homes typically spend 40 days on market before going under contract.
What is the median income in Monona?
The median household income is $87,784 per year.
Is Monona a buyer's or seller's market?
With 2.2 months of supply, Monona is currently a strong seller's market.
What is the Zillow home value estimate for Monona?
The Zillow Home Value Index (ZHVI) for Monona is $485,406, representing the typical home value in the area.
What is the median condo price in Monona?
The median condo/co-op sale price in Monona, WI is $436,500, compared to $512,500 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Monona?
The median single-family home price in Monona, WI is $512,500 (about $290 per square foot).
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