Perennially Popular Dudgeon-Monroe
/The Dudgeon-Monroe neighborhood was featured in the April addition of Roost Around Town. Interested in learning more about your local neighborhoods? Sign up for our monthly e-newsletter!
It's fair to say the Dudgeon-Monroe neighborhood on Madison's near-west side has been bustling with activity for more than 1,000 years.
The area we now call Dudgeon-Monroe was once home to thriving Native American communities who used the area as farmland and a popular transportation route. Eleven effigy mounds from that era can still be seen around Edgewood College today, including the famed "bird effigy," which is more than 200 feet wide!
As more settlers moved in, Monroe Street became the first public road in Wisconsin (though it was then called Monroe Road). A nearby inn served thirsty travelers and their horses. By the 1850s, Monroe Street was already becoming a popular shopping and commercial area -- the forerunner to the street we know and love today.
The Dudgeon-Monroe neighborhood still offers residents and visitors a wonderful mix of commerce and nature. The bustling stretch of Monroe Street is home to Trader Joe's, the Monroe Street Library Branch, and dozens of local cafes, restaurants, and boutiques.
Just down the road, Lake Wingra gives you the chance to rent a canoe or kayak for a lazy afternoon of paddling. And the neighboring University of Wisconsin Arboretum is open year-round for hiking, skiing, snow-shoeing and all-around nature-watching.
Dudgeon-Monroe: A Real Estate Snapshot
Interested in buying or selling a home in the Dudgeon-Monroe neighborhood? This absorption rate snapshot is for you. The table below shows you how many homes have sold within the last 3,6, and 12 months, as well as the rate at which they're selling now -- otherwise known as "months of inventory."
A quick primer: 6 months of inventory is considered a "balanced market." More than 6 months of inventory is considered a "buyer's market". And less than 6 is considered (yep, you guessed it!) a "seller's market."
Let's take a closer look at Dudgeon-Monroe... In the last 12 months, homes that sold in Dudgeon-Monroe spent an average 26 days on the market. In the last 12 months, the average sold price for homes in Dudgeon-Monroe was $333,863.
Here's a breakdown of the numbers:
[ws_table id="1"]
Are you interested in learning more about your own neighborhood? Are you ready to explore a new neighborhood to call home? The ROOST Neighborhood Page is a great place to start. If you see something that interests you, just let us know!