Madison area condo market trends for April, 2026

Dane County condo prices decreased in the month of April, while new listings and accepted offers increased. Here's our deep dive into the April Madison area condo market. Note: All of our data is sourced from the South Central Wisconsin MLS. 

Do you have any questions about buying or selling a condo in the Madison, Wisconsin area? Reach out to one of our condo experts for a helpful consultation. 

Dane County condo prices 

April Madison area condo prices

• The price per square foot was $250, down 3 percent from $257 in April of 2025.
• The median price decreased from $337,550 in April of 2025 to $314,000 in April of 2026, down 7 percent. 
• The average price decreased from $401,258 to $370,313, down 8 percent. 

Year-to-date condo prices through April

• The price per square foot decreased from $237 in 2025 to $231 in 2026, down 3 percent. 
• The median price decreased from $325,000 to $308,500, down 5 percent. 
• The average price decreased from $364,140 to $342,443, down 6 percent.  

A few comments about condo prices in early 2026 

Some condos continue to sell very quickly this year and for record-high prices within their association. Conversely, some condos are selling for lower prices while taking longer to find the right buyer. 

One big reason for this is this year's buyers are more selective compared to buyers in previous years. They're more hesitant to take on the costs of repairs and updates when they also consider their monthly mortgage payment, condo fees, and property taxes. However, they are willing to pay a premium for the condo where all of the repairs and updates have already been addressed for them. 

If you're planning to buy or sell a condo in 2026, we encourage you to reach out to one of our condominium specialists. We'll help you make good decisions and create a solid plan that addresses all of your condo goals. 

New condo listings

April was a strong month for new condo listings. A total of 194 Madison area condos were listed for sale on the MLS, up 6 percent from the 183 in April of 2025. Year-to-date, Dane County condo listings are up 11 percent. 

Note from the chart below that the 194 listings last month were the highest for any month of April in the last 8 years. 

Condo accepted offers

April was also a strong month for AOs. A total of 174 Madison area condos went under contract last month, up 11 percent from the 157 in April of 2025. Year-to-date, accepted offers are up 6 percent. 

Note from the graph below that accepted offers were the highest for any month of April in the last 5 years. 

Condo inventory

As of May 6th, a total of 208 Madison area condos were available for sale (without an accepted offer), up from the 190 condos at the same time last year. Right now Dane County has the equivalent of 1.9 months of condo supply, which is about 1.5 months higher than the supply levels during the hyper competitive pandemic market.

The trend toward increasing condo supply is a healthy development that allows for more homeownership options in a tight market. We would love to see this trend continue as Dane County's population continues to grow. 

Competing offers

Competing offers are trending lower in 2026. According to our preliminary numbers for the month of March: 

• 28 percent of all Dane County condo contract signings involved multiple offers in March of 2026.
• In March of 2025, the percentage was 35 percent. 
• In March of 2024, the percentage was 46 percent. 
• In March of 2023, the percentage was 52 percent. 

We view the trend toward less competition as a healthy one, one that ultimately creates more opportunities for first-time homebuyers in Dane County. 

Expired condo listings

A growing number of condo listings are expiring without selling in 2026. A total of 130 Dane County condo listings expired through the month of April, up from just 35 condo listings last year.

Condo buyers are more selective this year. For condo sellers, this means the fundamentals of professional pricing, staging, and marketing are essential for achieving a successful sale in 2026. 

Condo days on market

The average days on market in April was 26 days, down from 27 days in April of 2025. Year-to-date, the average DOM was 40 days, up from 37 days a year ago. 

Dane County condo sales

A total of 144 Madison area condos sold (closed) in April, up 5 percent from the 137 sales in April of 2025. Year-to-date sales are even with last year. We do expect May sales to increase based on the large number of condos that went under contract in April. 

What to expect from the condo market this summer

Condo supply will rise throughout the summer, as it does each year. If you're looking to buy a condo, you'll have more opportunities to purchase and with less competition from other buyers compared to previous years. 

If you're thinking of selling, you'll want to make sure your pricing, presentation, and marketing are on the mark. Buyers will have more condos to choose from in the coming months, so you'll want your listing to stand out relative to your competition. 

Whether you're buying or selling, we're always happy to offer you a helpful and zero pressure consultation.