Madison Homes under $500,000

Madison Homes under $500,000

Welcome to Madison, Wisconsin – a vibrant city that beautifully blends the charm of a small town with the excitement of a bustling urban center. Nestled in Dane County, Madison is renowned for its picturesque lakes, stunning parks, and a rich cultural scene that includes museums, theaters, and diverse dining options. As the state capital, Madison offers a unique blend of historical significance and modern innovation, making it an ideal place for families, young professionals, and retirees alike.

One of the most appealing aspects of Madison is its diverse real estate market, particularly for those seeking homes under $500,000. The city boasts a variety of neighborhoods, each with its own character and amenities. From the historic charm of the Near West Side to the family-friendly environment of the East Side, there’s something for everyone. Whether you’re looking for a cozy bungalow, a contemporary townhouse, or a spacious single-family home, Madison’s housing options cater to a range of tastes and budgets.

Living in Madison means enjoying a high quality of life, with access to top-rated schools, an array of outdoor activities, and a strong sense of community. The city is home to the University of Wisconsin-Madison, which adds to its vibrant atmosphere and provides endless opportunities for education and entertainment.

With homes under $500,000 available in this dynamic city, now is the perfect time to explore your options and invest in a property that suits your lifestyle. Experience the charm of Madison – where every day feels like a new adventure!

Newest Madison Homes under $500,000

5417 Day Tripper Dr, Madison
$429,900
3 Beds ⋅ 3 Baths ⋅ 2033951 MLS ⋅ ACTIVE Status
Welcome Home!! Enjoy the outdoor space which includes a large back yard that backs up a wooded area. A park down the street, in a subdivision that has one way in/out, so little traffic. Drive into the attached 2 car garage. Open front porch across the front of the house, plus a patio door that opens to the back yard. All the windows bring in the light of the outdoors. Great space with an open concept kitchen and dining area that includes a gas stove, built in microwave, large new refrigerator and built in dishwasher and pantry. 1/2 bath just off kitchen with front and back hall closets. The primary bedroom has 2 walk in closets. a full bathroom with a deep soaking tub. The other 2 bedroom share a full bathroom off the hallway. The basement is waiting to be finished.

5417 Day Tripper Dr, Madison
1502 Wheeler Rd Unit F, Madison
$275,000
2 Beds ⋅ 2 Baths ⋅ 2033405 MLS ⋅ ACTIVE Status
Showings begin 10/3. Gorgeous condominium home in East Madison’s sought-after Cherokee Garden community, conveniently located near TPC Wisconsin golf course & the scenic Cherokee Marsh Conservation Area & boat launch. The open layout creates an inviting flow for entertaining & everyday living. Unwind in your private bedroom featuring a full remodeled spa-like ensuite bath & walk-in closet. Spend warm weather days in your screened-in porch taking in the serene sounds of fountains & views of sprawling green space with mature trees. Enjoy a maintenance-free lifestyle with trash removal, snow removal, & lawn care included with your condo fee. Community amenities include an outdoor pool & clubhouse, perfect for summer afternoons, pool parties, & gatherings. Designer finishes throughout, new appliances, new luxury flooring & LED puck lighting, plus underground heated parking with TWO assigned spaces complete this inviting home. A fantastic opportunity offering comfort, convenience, & value.

1502 Wheeler Rd Unit F, Madison
8243 Starr Grass Dr, Madison
$325,000
2 Beds ⋅ 3 Baths ⋅ 2033894 MLS ⋅ ACTIVE Status
Spacious private entry townhouse condo offers a great location, nice updates and with western exposure sunlit living and dreamy sunsets. Covered front porch, tile floor entry, spacious great room w/9ft ceilings, gas fireplace, laminate wood floors, dining area and 1/2 bath. Kitchen boasts maple cabinetry, pantry, breakfast bar all open to main living. Primary bedroom w/vaulted ceilings, walk-in closet & bath w/new laminate flooring and a walk-in shower. In addition, the second floor offers a 2nd bedroom en suite with bath & spacious closet, office nook & laundry. Amenities include 2 parking stalls in heated garage and 2 storage units. Freshly painted, new carpet & Roof 2026. Tucked in a residential neighborhood, this row house townhouse is sitting pretty and convenient to Epic, Exact Science, Shopping, Trails and more.

8243 Starr Grass Dr, Madison
2841 Coolidge St, Madison
$499,900
2033863 MLS ⋅ ACTIVE Status
Spacious 1966 townhouse-style duplex offering a great combination of living space, storage and opportunity. The main level features a large living room, dining area and updated kitchen with abundant cabinetry, dishwasher and plenty of counter space. Hardwood-style flooring extends throughout much of the home. Upstairs offers generously sized bedrooms with ample closet space and a full bath. The unfinished lower level provides excellent storage, laundry and additional usable space. Large windows bring in plenty of natural light, while the classic woodwork adds warmth and character. Convenient Madison location near parks, shopping, restaurants and everyday amenities.

2841 Coolidge St, Madison
4713 Hermsmeier Ln, Madison
$420,000
3 Beds ⋅ 2 Baths ⋅ 2033859 MLS ⋅ ACTIVE Status
Welcome to this fully renovated east side stunner, where everyday living feels easy & the updates are already in place! Light-filled rooms span a versatile layout w/ space to live, work & unwind at your own pace. Fresh paint, refinished hardwood, new trim, matte-black hardware & modern lighting create a clean, current interior. The kitchen is sure to impress, featuring updated cabinets, a modern backsplash, refinished butcher-block counters, a new faucet, plus newer appliances. The bathrooms have been refreshed w/ new vanities & updated fixtures. Peace-of-mind updates include a new roof, new A/C & thermostat, electrical upgrades, some window replacements, a new concrete driveway & front landing & a partially finished basement w/ heat source. Outside, a private fenced backyard, patio, w/ fresh landscaping & updated exterior lighting complete the setting! Nearby parks & easy access to downtown round out this warm, comfortable, move-in-ready home to call your own!

4713 Hermsmeier Ln, Madison
2610 Moland St, Madison
$324,900
3 Beds ⋅ 1 Baths ⋅ 2033820 MLS ⋅ ACTIVE Status
The works been done!! Come see the charm of this early 1900s classic home w/the added modern touches of todays world. This 1400+ sq. ft. 3 bedroom gem is situated in a sought after north east neighborhood. There's plenty of hardwood floors & original woodwork to bring back the WOW of yester years! New kitchen cabinets, solid surface countertops, remodeled bathroom, large finished walk up attic area & 2 new bonus rooms in the LL. Fresh landscaping, added/new patio door leading to the new deck overlooking the mature, fenced yard. Convenient location, close to bus lines, public transit, Eken Park & neighborhood shopping & dining. Don't wait, nice homes in this area don't last long!!

2610 Moland St, Madison
2674 Notre Dame Dr Unit 706, Madison
$389,900
2 Beds ⋅ 3 Baths ⋅ 2033815 MLS ⋅ ACTIVE Status
NEW PRICING + CONVENTIONAL FINANCING + CLOSING COST ASSISTANCE! MISSED LACY RIDGE THE FIRST TIME? YOUR OPPORTUNITY JUST GOT EVEN BETTER! Discover refined townhome living at Lacy Ridge, Fitchburg’s newest community. This light-filled home offers two private primary suites, each with an attached bath and walk-in closet for added privacy, a flexible bonus room perfect for a home office or gym, and an open-concept layout that connects seamlessly to two balconies and a screened-in porch. High-end finishes enhance every space, while the heated two-car garage includes an EV charger and water spigot for added convenience. Ideally located near Epic, Promega, downtown Madison, and the Fitchburg Tech Campus, with coffee shops, restaurants, and bike trails nearby. Model unit contains finished garage with storage system (available for other units @ additional cost).

2674 Notre Dame Dr Unit 706, Madison
2674 Notre Dame Dr Unit 703, Madison
$364,900
2 Beds ⋅ 3 Baths ⋅ 2033814 MLS ⋅ ACTIVE Status
NEW PRICING + CONVENTIONAL FINANCING + CLOSING COST ASSISTANCE! MISSED LACY RIDGE THE FIRST TIME? YOUR OPPORTUNITY JUST GOT EVEN BETTER! Discover refined townhome living at Lacy Ridge, Fitchburg’s newest community. This light-filled home offers two private primary suites, each with an attached bath and walk-in closet for added privacy, a flexible bonus room perfect for a home office or gym, and an open-concept layout that connects seamlessly to two balconies and a screened-in porch. High-end finishes enhance every space, while the heated two-car garage includes an EV charger and water spigot for added convenience. Ideally located near Epic, Promega, downtown Madison, and the Fitchburg Tech Campus, with coffee shops, restaurants, and bike trails nearby. Model unit contains finished garage with storage system (available for other units @ additional cost).

2674 Notre Dame Dr Unit 703, Madison
2674 Notre Dame Dr Unit 702, Madison
$349,900
2 Beds ⋅ 3 Baths ⋅ 2033813 MLS ⋅ ACTIVE Status
NEW PRICING + CONVENTIONAL FINANCING + CLOSING COST ASSISTANCE! MISSED LACY RIDGE THE FIRST TIME? YOUR OPPORTUNITY JUST GOT EVEN BETTER! Discover refined townhome living at Lacy Ridge, Fitchburg’s newest community. This light-filled home offers two private primary suites, each with an attached bath and walk-in closet for added privacy, a flexible bonus room perfect for a home office or gym, and an open-concept layout that connects seamlessly to two balconies and a screened-in porch. High-end finishes enhance every space, while the heated two-car garage includes an EV charger and water spigot for added convenience. Ideally located near Epic, Promega, downtown Madison, and the Fitchburg Tech Campus, with coffee shops, restaurants, and bike trails nearby. Model unit contains finished garage with storage system (available for other units @ additional cost).

2674 Notre Dame Dr Unit 702, Madison
5113 Maher Ave, Madison
$439,900
3 Beds ⋅ 3 Baths ⋅ 2033800 MLS ⋅ ACTIVE Status
Dapper ranch home is sitting pretty on a quiet tree lined street with dreamy features that make this a rare find in the market. Exterior boasts a concrete driveway w/extra parking pad, new modern handrails & gorgeous landscaping. Interior is spacious and bright offering a foyer entry, oak hardwood floors, living room w/expansive bay window & a half bath w/concrete countertops & modern fixtures. Kitchen offers plenty of cabinetry & counter space, newer SS appliances, 5 burner gas range, breakfast bar & eat-in area. Large primary bedroom with walk-in closet w/organizers & private updated bath w/modern decor. LL family room, full bath, storage, laundry area and rare mud room entry off of the garage w/built-in cubbies & closet. Backyard oasis w/deck for summer BBQ's, a gorgeous fenced yard for fido and friends & side yard w/raised garden beds. Updates include: Electrical panel, smart lighting & security features, exterior doors & storm doors '25, roof '23, Furnace & H20 heater '17 & more!

5113 Maher Ave, Madison
4509 Judy Ln, Madison
$354,900
3 Beds ⋅ 1 Baths ⋅ 2033786 MLS ⋅ ACTIVE Status
Set on a .32 acre lot, this 1950s ranch offers the kind of outdoor space that’s hard to come by, with a screened-in porch overlooking a sprawling, fenced backyard. Inside, the layout offers easy main-level living with 3 bedrooms, a sun-filled living room, formal dining room, and additional dining space just off the kitchen. All bedrooms feature hardwood floors, and there is hardwood flooring beneath the carpeting in the main living area, offering the opportunity to uncover more of the home's original character. Downstairs, the spacious rec room provides valuable additional living space for a family room, hobbies or whatever you need. Move-in ready today, with plenty of opportunity to update and make the home your own over time. And when you want to head outside, you not only have your own private yard, but you're also close to several parks and just a couple of blocks from Cherokee Marsh.

4509 Judy Ln, Madison
6823 Raymond Rd, Madison
$279,900
2 Beds ⋅ 2 Baths ⋅ 2033742 MLS ⋅ ACTIVE Status
Rare in a condo: a two-car attached garage, complete with a utility sink for washing the car. Simulated wood floors run through the living and dining rooms, and the main level opens onto a south-facing elevated deck that catches sun all afternoon. Freshly painted this year, furnace and central air replaced in 2016, one-year home warranty at closing. Elver Park is a few blocks north — sledding hill, lit ski trails, disc golf, splash pad. Epic, fifteen minutes. And come the first snowfall, shoveling the driveway isn't your problem.

6823 Raymond Rd, Madison
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