How is the Madison condo market performing? Our newest Dane County condo report offers an objective look at all of the latest trends, including prices, sales, accepted offers, days on market, and more.

Madison area condo prices

The median price for a Dane County condo increased by 14 percent in December while the price per square foot increased by 4 percent. (Note: monthly prices can fluctuate due to the relatively small numbers of condos being sold each month. So, we focus more on the trend over time, instead of the price statistics for any individual month).

Why do Dane County condominium prices continue to rise? One big reason is fewer condos are being listed for sale in the Madison area, which we cover in the next section below.

New

Here's our latest update on the Madison area real estate market -- and without any of the spin. Do you have questions about how the market impacts you and your real estate goals? Contact our realtor team for a helpful conversation. 

Madison area home prices

The price per square foot increased from $197 in December of 2021 to $216 in December of 2022. That's an increase of 10 percent year-over-year.

Why do prices continue to rise in Madison and Dane County? One key reason is fewer homes are being listed for sale, which we cover in the next section below. 

New MLS listings

Only 133 Dane County single family homes were listed for sale in the month of December, a decrease of 30% from last December, and the lowest total on record for the

Sometimes changing careers can end up changing your life, too. That's been the experience for many of us on our team. For example, Shelley Lazzareschi worked in the hospitality industry before she became a realtor. Ann Raschein and Chris Venden worked in human resources. And Alan Feder worked in outdoor recreation.

So many positive changes have followed our transitions to real estate.

One positive change is that real estate has given all of us the opportunity to work with and impact people on a personal level. We've met many new friends over the years, as we've helped each client navigate an important life event. 

Another positive change is that real estate has allowed each of us to shape our careers around our values. We're fortunate

Congratulations to our clients Roger and Jennifer, who just sold their longtime home and bought their new dream home all on the same day!  

So much collaboration and teamwork went into making this move possible.

• Debbie Lea and Shelley Lazzareschi took the lead on the staging plan and made sure Roger and Jennifer's home looked its very best. 
• Grant Priehs addressed a few minor repairs and light cosmetic updates. 
• Hellenbrand Painting touched up a few spaces inside the home. 
• Arran Krantz produced the beautiful listing photos, interior video, and neighborhood video. 
• Tracy Kapela produced the floor plan, neighborhood guide, and guide to Roger and Jennifer's home. 
• Dan Miller oversaw the sales strategy, marketing plan, and all of the

Congratulations to our clients, Kelsey and Ted, on the purchase of a beautiful home in Stoughton! Over the last few years, agent Ann Raschein has worked side by side with them to both buy and sell as their family has grown and their needs have changed. 

In February of 2018, Kelsey contacted Ann that she and Ted were ready to become homeowners. They started looking at homes – mostly on the eastside of Madison – right away, at the same time of year that many other homebuyers were, too. Then in June, Kelsey and Ted saw a home on Waunona Way and were instantly drawn to the big yard, the proximity to the lake, and the idea of being on the bike path! 

The house was also loaded with charm that included arched doorways, original hardwood floors, and a

Do you consider yourself a generous, hardworking, and humble person? Do you love learning, helping people, and serving your community? And do you have solid daily habits along with a long-term mindset? 

If these traits describe you, then we would love to talk to you about a career in real estate. Please reach out to Dan for coffee and a conversation. Tell us about your goals, and we'll explore how we can work together and help you achieve them. 

Not too long ago, I published my 500th article to the Mad City Dream Homes blog. As I reflect on my writing, I admit my first article was nothing spectacular, and I've published plenty of unspectacular articles since then. 

What I've learned, though, is that writing as a daily habit has served me well -- and in some subtle and surprising ways. Writing as a daily practice has forced me to ask questions, to think, to research, to struggle a little bit, and to publish. Most important, embracing my practice has helped me to clarify my philosophies, and challenged me to keep learning. 

So, is there a daily practice that you've been meaning to start? I believe you have everything to gain by going for it. Just like me, you may not become world-class in

Here's our take on 2023:

Demand will remain strong relative to most other markets across the country -- due to Dane County’s growing population and reputation as a wonderful place to live, work, and play. 

Supply will gradually grow and will provide more options for buyers in 2023.  

Prices will remain strong. 

Dane County will continue to be an excellent place to build wealth through real estate -- for those who have the means and make the decision to buy in. 

You can learn much more about our predictions by contacting our team or by reading the full article on our blog. 

If you could imagine a better future for you and your loved ones, 

If you could envision peace of mind, 

And if you could afford it right now,

What would you do?

Would you buy your dream home today? Or would you delay your purchase and wait for a different kind of market?

We're always available to talk about your future and the future of real estate, too. So please reach out to our team whenever you're in need of a real estate conversation. We'll share our honest insights and opinions with you, and help you choose the path that's the right one for you. 

We recently shared 5 simple cosmetic updates that add instant value to your home and help it sell for a tremendous price. Another simple and very effective update is to deep clean your home. Specifically, these four things:

Clean all of the hard surfaces inside your home. 

Your home will shine when you clean your countertops, your cabinets, your appliances, and your hardwood and tile flooring.

Clean your windows

Spotless windows let the light pour and make each room feel bigger and brighter. 

Clean your carpets

Clean carpets help buyers see your home as one that has been properly cared for and well-maintained.

Clean your siding

A good painting company will wash your siding for an affordable price and add instant curb