Madison residents face difficulties as housing prices climb

A recent article in the New York Times chronicled the journey of a young couple looking to move from Chicago to Madison in search of a more spacious place to raise their two young children at a lower price. The family was able to find a roomy home in a walkable neighborhood near downtown for $350,000, according to the article.

In December 2023 the median sale price of a Madison property ballooned to $395,000, a more than 15% increase from the year before, according to realtor.com. By comparison, relator.com says the median sale price of a property in Chicago is $315,000 — a difference of $80,000...