About Monona, Wisconsin
Nestled in the space between Lake Monona and Lake Waubesa, the city of Monona is home to nearly 10,000 residents. This small city measures a total of 3.35 square miles and is physically surrounded by the larger center of Madison. As such, this quiet community enjoys great access to recreation along the lakes and conveniences at the heart of the big city. When it comes to the Monona, WI real estate market, buyers will find that there is a nice selection of family houses and apartments available.
Browse Monona Homes For Sale
Browse Monona Homes For Sale
Active Listings: 16
With an Accepted Offer: 4
Available Without an Accepted Offer: 12
Available Active Inventory: 75%
Available Supply Level: 1.22 Months
Past 12 Months 01/24/2020 - 01/24/2019:
Sold Listings: 118
Average Sold Price: $338,011
Median Sold Price: $301,250
Highest Sold Price: $926,350
Lowest Sold Price: $183,300
* Source: IDX Active & Sold Listings
* Property Types: Single Family, Condo
In order to browse our complete selection of Monona, WI homes for sale, register with real estate expert Shawn Kriewaldt. You’ll also gain access to our advanced search features which will help you narrow your home search with ease.
Monona Homes For Sale
In 1938, the village of Monona was incorporated and development began. Before this time, the land between the lakes was the site of rolling farmlands and occasional summer cottages. As the village grew, more houses and services were developed until Monona became the thriving city we know today.
The largest period of development occurred in the 1950s when the population increased from 2,544 to 8,178. This population growth was so drastic that through the 1950s Monona was the fastest growing community in the state of Wisconsin. As such, buyers will find that many Monona homes for sale were built during this era.
As of the 2010 census, the city of Monona was home to 4,088 housing units. These housing units range from spacious single-family homes to cozy apartments. Prices on the Monona real estate market begin around $100,000 for a comfortable starter home and can be as much as a million dollars for one of the most prestigious lakeside luxury homes on the market.
In this market, it is possible for first-time buyers to invest in an affordable bungalow that is perfect for starting their own family. Often times, these modest houses offer floor plans that measure close to 1,000 square feet and include two or three bedrooms. For a young family, these properties can be a perfect first place to own. Many of these homes are accompanied by a small, private yard where young children and dogs can play on the lawn. Residents can also sculpt the plants in their yards into beautiful bouquets under the window or well-trimmed hedges.
Because Monona enjoys an ideal location between Lake Monona and Lake Waubesa, there are many lakefront properties to be found in the area. Since the 1800s the shores of Lake Monona have been popular places for vacationers to build their cabins. Residents who live in the houses along this lake will find that they are in an ideal location to enjoy boating, jet skiing, water skiing, fishing, and swimming.
Explore Monona Condos For Sale
The Monona, WI real estate market is almost entirely composed of single-family houses. Having that said, a buyer with a sharp eye can find a select few apartment complexes and condo buildings on the local real estate market.
Buyers interested in the luxury market will find that along Lake Monona’s waterfront, adjacent to Olbrich Park, there are a number of apartment buildings. These sell for around $400,000 and feature picturesque views of the lake, sun-filled bedrooms, and easy access to trails, parks, and recreation on the water. Gas fireplaces in the living room, skylights overhead, and hardwood flooring add a touch of luxury to these attractive suites.
It is also possible to invest in an affordable apartment in Monona real estate. For less than $200,000, buyers can find cozy suites that feature open-concept floor plans and as many as two or three bedrooms. In fact, these homes can easily accommodate many small families.
Living In Monona, WI
Residents of Monona enjoy a fantastic quality of life. Because of this community’s location on the shores of two lakes, locals are never more than a couple of miles from recreation along the water. Lake Monona is popular among those who love to fish because of the fantastic range of species that populate the waters. There are healthy populations of walleye, northern pike, bluegill, bass, and lake sturgeon.
Surrounded on all sides by the city of Madison, Monona enjoys all of the conveniences that can be enjoyed in the second largest city in Wisconsin. Olbrich Botanical Gardens has been recognized by Horticulture Magazine for its exceptional beauty. The grounds span 16 acres and included an impressive array of flora. Madison is also home to the University of Wisconsin where students can study more than 4,000 courses and 232 undergraduate programs.
Has a promising Monona home for sale caught your eye? Contact the Dane County Market Team to schedule a viewing. We’ll also be happy to advise you on trends in the Monona real estate market and the local area.