Madison area condo market trends for March, 2026

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

Do you have questions about buying or selling your Madison area condo? Reach out to one of our full-time condo specialists. 

Dane County condo prices 

March Madison area condo prices

• The price per square foot was $228, down 4 percent from $237 in March of 2025. 
• The median price decreased from $319,000 in March of 2025 to $310,000 in March of 2026, down 3 percent. 
• The average price decreased from $355,068 to $339,065, down 5 percent. 

Year-to-date condo prices through March

• The price per square foot decreased from $228 in 2025 to $222 in 2026, down 3 percent. 
• The median price decreased from $318,250 to $300,000, down 6 percent. 
• The average price decreased from $346,365 to $327,902, down 5 percent.  

* Notes 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 slower to sell and for lower prices.

One big reason for this is this year's buyers are especially focused on value. They're more hesitant to take on deferred maintenance and deferred updates -- and large special assessments -- leading to some condos taking longer to sell and for lower prices. 

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 the right decisions and create a good plan that addresses all of your condo goals. 

New condo listings

A total of 189 Madison area condos were listed for sale in March, up 24 percent from the 152 listings in March of 2025. Condo listings have increased each month this year and are up 12 percent for the quarter. Condo inventory (ie months of supply) continues to grow in Dane County -- which we cover later in this report. 

Accepted offers

A total of 165 Madison area condos went under contract in the month of March, up 4 percent from the 159 accepted offers in March of 2025. Year-to-date, accepted offers are up 5 percent through the first quarter. 

Dane County condo supply

Home supply has plateaued compared to last spring's levels, but condo supply has continued to grow. As of April 10th, a total of 237 Madison area condominiums were available for sale (without an accepted offer) -- that's the equivalent of 2 months of condo inventory. Here's how condo supply this April compares to supply levels from previous years: 

• Up 27 percent from 186 condos in April of 2025. 
• Up 71 percent from from 139 condos in April of 2024. 
• Up 196 percent from 80 condos in April of 2023. 

Rising condo supply is a positive trend for our market, especially for downsizers and first-time homebuyers who are in search of more opportunities to purchase in a tight real estate market. 

Condo competing offers

Competing offers are trending below the levels from last year. According to our preliminary data for the month of February, 25 percent of all accepted offers involved competition, compared to 36 percent the year before.

Note from the chart below that competing offers are trending well below the peak levels from 2022. In February of 2022, the competing offer percentage was 49 percent. 

The trend toward less competition indicates the condo market is becoming more balanced, with buyers and sellers negotiating on a more level playing field. More balance means more condo buyers will be able to include the traditional home inspection and appraisal contingencies in their offers -- a positive trend for our market. 

Condo days on market

The average days on market for a condo sold in March was 36 days, down from 40 days in March of 2025. Through the first quarter of the year, the DOM was 47 days, up from 42 days the year before. The trend toward higher marketing times is another sign of more balance returning to the market. 

Expired condo listings 

A total of 107 Dane County condos expired without selling in the first quarter of 2026, up from 24 expired listings the year before. As inventory grows, condo sellers are learning that the right pricing, staging, cosmetic touch-ups, and marketing are fundamental for a successful sale. 

Dane County condo sales

A total of 124 Madison area condos sold (closed) in the month of March, up 4 percent from the 119 in March of 2025. Through the first quarter of the year, condo sales are lower by 3 percent. 

What questions do you have about the market in your local condo association? 

We're available to meet with you and help you plan ahead for your next move -- even if your move is a few years out. It would be our pleasure to assist you, and without any  of the sales pressure or spin.