Madison area condo market trends for June, 2026

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

What questions do you have 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 

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June Madison area condo prices

• The price per square foot was $256, up 8 percent from $236 in June of 2025.
• The median price decreased from $329,250 in June of 2025 to $325,000 in June of 2026, down 1 percent. 
• The average price increased from $366,065 to $377,877, up 3 percent. 

Year-to-date condo prices through June

• The price per square foot decreased from $239 in 2025 to $237 in 2026, down half of a percent. 
• The median price decreased from $327,900 to $315,000, down 4 percent. 
• The average price decreased from $370,100 to $359,553, down 3 percent.  

A few comments about Madison area condo prices this summer

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 reason for this is condo inventory quietly continues to grow, giving buyers more options to choose from in 2026. More on this later in our report.  

Another 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're also willing to pay a premium for the condo where all of the repairs and updates have already been addressed for them. 

Also note from the chart above, condo prices are up 64 percent from the 2019 pre-COVID market, and up 138 percent from the most recent market bottom in 2012. If you've purchased a condo in the last 5 to 15 years, you've likely accumulated a significant amount of equity in your investment.

Reach out if you'd like some help determining how much equity you have in your condo. We'd be happy to assist you with this exercise. 

New condo listings 

Condo listings increased in each of the first five month of 2026, but dipped lower in June. A total of 172 Madison area condos were listed for sale in June, down 9 percent from the 190 condo listings in June of 2025. Through the first six months of the year, condo listings are up 8 percent from the year before. 

Accepted offers 

A total of 126 Madison area condos went under contract in June, up 12 percent from the 113 in June of 2025. Through the first six months of the year, accepted offers are up 6 percent from the year before. 

Dane County condo supply 

As of July 10th, a total of 291 Madison area condos were available for purchase (without an accepted offer), up 20 percent from the 243 condos at the same time last year. Dane County currently has 2.5 months of condo inventory on the open market, compared to 1.8 months of single family home supply. 

Note the seasonality of condo supply in the chart below. Condo supply will increase throughout the summer and into the fall season (as it does every year), creating more opportunities for buyers who remain patient and committed to their search. 

Competing offers

Competing offers are trending lower in 2026 and are now below pre-pandemic levels. According to our preliminary numbers for the month of May: 

• 25 percent of all Dane County condo contract signings involved multiple offers in May of 2026.
• In May of 2025, the percentage was 33 percent.  
• In May of 2021 (the peak pandemic market), the percentage was 50 percent. 
• In May of 2019 (the pre-pandemic market), the percentage was 34 percent. 

We view the trend toward less competition as a healthy one, one that ultimately creates more opportunities for first-time buyers and downsizers who have been struggling to purchase the right condo in Dane County's tight market. 

Expired condo listings

Expired listings (listing contracts that don't result in a successful sale) are clearly trending higher in 2026. According to our MLS data for the first half of the year, a total of 174 Dane County condo listings expired without selling in the first six months of the year, compared to just 63 last year.

The 174 expired listings through the month of June is the highest we've seen in Dane County since 2014. This is a clear sign that our local condo market is becoming more balanced, with buyers and sellers operating on a more level playing field in 2026.

For condo sellers, focusing on the basics of sound pricing, staging, and marketing is key to achieving a successful sale in our more balanced market. 

Days on market

Increasing days on market is another sign of more balance in the Dane County condo market. The average DOM in June was 34 days, up from 33 days in June of 2025. The year-to-date average was 37 days, up from 36 days the year before. 

Note from the chart below that the record low for the month of June was 10 days in June of 2021. 

Dane County condo sales

A total of 160 Madison area condos sold (closed) in the month of June, up 13 percent from the 142 sales in June of 2025. Through the first six months of 2026, condo sales are down 1 percent from the year before.  

What to expect from the Madison area condo market this summer

The supply of available condos will increase throughout the summer and into the fall season, creating more opportunities for buyers and more competition for sellers to contend with when they list their condo for sale. This will lead to more sellers becoming more flexible with their pricing, as marketing times increase during the second half of the year. 

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