Why Live in Monona
Monona, located on the eastern and southern shores of Lake Monona, is a highly desirable neighborhood known for its friendly community and extensive outdoor spaces. The area boasts over four miles of lake shoreline and more than 330 acres of parks, including the popular Winnequah Park with its winding pond and Monona Youth Dream Park. Schluter Beach offers a small sandy area for children, while Wyldhaven Park is famous for its sunsets. The neighborhood is part of the Monona Grove School District, which is highly rated, with schools like Winnequah School, Glacial Drumlin School, and Monona Grove High School. Monona hosts numerous activities and events, such as casual concerts, fairs, and the Monona Community Festival, as well as unique events like the Wisconsin Wife Carry Championship. The commercial district along Monona Drive features a mix of popular chains and local favorites like Salvatore’s Tomato Pies and Waypoint Public House. Homes in Monona range from original lake cabins to grand houses with three-car garages, and inland ramblers from the 1960s. Streets are lined with 100-year-old oak trees, and many homes have either attached or detached garages. The area is safer than the national average and is well-connected by Routes 51 and 18, with Downtown Madison about 7 miles away. Local buses are available but infrequent, so most residents rely on cars. Flood risk exists near Winnequah Park due to a nearby canal.
Home Trends in Monona, WI
On average, homes in Monona, WI sell after 32 days on the market compared to the national average of 50 days. The median sale price for homes in Monona, WI over the last 12 months is $460,000, up 3% from the median home sale price over the previous 12 months.
Median Sale Price
$460,000
Median Single Family Sale Price
$462,750
Median 2 Bedroom Sale Price
$359,000
Average Price Per Sq Ft
$307
Number of Homes for Sale
14
Last 12 months Home Sales
73
Median List Price
$472,450
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
3%