(The Center Square) – Home prices in Wisconsin continue to rise, and there continues to be a shortage of homes for sale, but real estate agents in the state say there are some signs of hope.
The Wisconsin Realtors Report for February again shows prices jumped year-over-year, hitting a median price last month of $315,000.
The housing supply also continues to be half what agents say would be a “balanced market.” But interest rates are falling, and the Wisconsin Realtors Association’s Amy Curler said February saw a slight uptick in sales listings.
“New listings increased 4.6% in February. This led to a moderate improvement in total listings, which increased 1.2% relative to February 2025,” Curler said in a statement. “It’s still a seller’s market, but it was good to see a return to the trend of improved annual growth of total listings first seen in September 2024.”
The Realtors’ report said there were 5,579 homes listed for sale across the state in February, 3,750 of those homes actually sold.
As expected, most of those homes were sold in either the Madison/southern Wisconsin area or in southeast Wisconsin.
Those areas also saw the highest prices.
The median home price in Madison and southern Wisconsin hit $365,250 last month. In southeast Wisconsin, the price tag jumped to $325,000.
Realtors President Tom Larson said he’s not just watching prices but watching the overall affordability of homes.
“Wisconsin Housing Affordability Index grew at a healthy pace in February. Compared to a year ago, family income was up slightly, and home prices grew at a modest pace, but the key factor was the ongoing reduction in the 30-year fixed mortgage rate,” Larson explained. “That rate fell just over three quarters of a percent compared to a year earlier and averaged just 6.05% in February 2026. In fact, the rate fell below 6% in early March, which is good news going into the spring market.”
Central Wisconsin continues to have the lowest median home price in the state. The price tag for February went to $247,000, but there were also just 237 homes sold there.
That’s a fraction of the 1,403 homes sold in Milwaukee and the rest of southeastern Wisconsin.
