Dane County condo prices increased in December, as accepted offers decreased and new listings increased. Here's our deep dive into the December 2025 condo market. 

Dane County condo prices 

December Madison area condo prices

• The price per square foot increased from $220 in December of 2024 to $230 in December 2025, up 5 percent. 
• The median price grew from $310,000 to $317,500, up 2 percent. 
• The average price rose from $331,859 to $351,401, up 6 percent. 

Year-to-date prices through December

• The price per square foot increased from $227 in 2024 to $233 in 2025, up 2 percent. 
• The median price grew from $308,500 to $324,900, up 5 percent. 
• The average price rose from $345,310 to $364,457, up 6 percent. 

Dane County home prices edged higher for 2 of our 3 measures in December, as accepted offers decreased and new listings increased. Here's our latest deep dive into the Madison area single family home market. 

Note all of our statistics are sourced from the South Central Wisconsin MLS database. 

Dane County home prices 

December Madison area home prices

• The price per square foot increased from $242 in December of 2024 to $243 in December of 2025, up 1 percent. 
• The median price increased from $441,250 to $457,450, up 4 percent.  
• The average price edged lower from $519,587 to $517,599, down by four-tenths of a percent. 

Year-to-date home prices through December

• The price per square foot grew from $241 in 2024 to $251

A little bird told us that prices will continue to rise in 2026, and here are the 10 reasons it gave us.

Why Dane County real estate prices will continue to rise in 2026

#1) Dane County’s rapidly-growing population 

#2) Our region’s continued economic growth

#3) Madison’s national reputation 

#4) Climate migration to the Madison area

#5) Significant, untapped demand from buyers seeking to own their first home

#6) A limited supply of new construction homes 

#7) A low supply of new construction condos

#8) A limited supply of existing homes for sale, due to owners living in their homes longer

#9) Historically low levels of foreclosures  

#10) Higher costs for new construction  

Contact one of our full-time

We've updated our buyer traffic data from Showing Time for the month of December, 2025: 

Single family homes 

This chart shows the number of showings per listing per month in South Central Wisconsin. Single family home showings in 2025 (the green line) trended slightly below the number of showings in 2024 (the blue line). Showings per listing edged lower from 3.66 in December of 2024 to 3.52 in December of 2025, a decrease of 4 percent.  

Condos

For South Central Wisconsin condos, the decrease in showings is more pronounced. Showings per condo listing dipped from 3.39 in December of 2024 to 2.81 in December of 2025, a decrease of 17 percent. 

The big picture

The seasonality of the market is undergoing a big shift right

New MLS listings rose for both single family homes and condos last month. Here's a quick look at Dane County listing activity for the month of December, 2025. 

Dane County single family homes 

A total of 198 Dane County single family homes were listed for sale on the MLS in December, up 12 percent from the 177 homes listed for sale in December of 2024. For all of 2025, MLS listings ended the year 2 percent higher than the year before. Although listing activity is lower than we'd like it to be, it's showing signs of moving in the right direction. 

Dane County condos

A total of 58 condos were listed for sale in December, which was up 5 percent from 55 condos in December of 2024. For all of 2025, condo listings increased 3 percent from the

The Madison area real estate market is predictably quiet in late December, but the rhythm of the market will be changing real soon. Here's what buyers and sellers can expect from the market in January of 2026. 

Buyers

Madison area buyers will have more properties to choose from in January, as new listings will begin entering the market at a much faster pace. But along with improved selection, buyers will also experience increased competition. Buyers should be prepared to act quickly and write a competitive offer when their dream home becomes available in early 2026. 

Sellers

Madison area sellers will experience an uptick in showings, as market dynamics will become more favorable for sellers in January. Along with more showings, local sellers

We're in the thick of winter season, but in only a few weeks we'll be entering a brand new season for real estate. Here's a quick review of how the Dane County real estate market will be changing on the other side of the holidays. 

New listings

New listings are entering the market at a slow pace in December. However starting in January of 2026, listing activity will pick up significantly. Listings will peak in the springtime, before gradually decreasing throughout the year. 

Showings

Buyer activity will speed up quickly in January, too. As the chart below shows, property showings will increase in January, max out in the springtime, and then slowly decrease throughout the year. 

Accepted offers

More properties will go

Dane County condo prices were mixed in November -- increasing for one of our measures and decreasing for two others. Here's our deep dive into the November Madison area condo market, along with our year-to-date review of the first 11 months of the year. 

Note all of our statistics are sourced from the South Central Wisconsin MLS database. 

Dane County condo prices 

November Dane County condo prices

• The price per square foot decreased from $225 in November of 2024 to $207 in November of 2025, down 8 percent. 
• The median price decreased from $308,000 to $297,500, down 3 percent.  
• The average price increased from $345,065 to $351,337, up 2 percent. 

Year-to-date condo prices through November

• The price per square foot

Dane County home prices edged higher for all 3 of our measures in November, as accepted offers increased and new listings decreased. Here's our deep dive into the November Madison area single family home market. 

Note all of our statistics are sourced from the South Central Wisconsin MLS database. 

Dane County home prices 

November Madison area home prices

• The price per square foot increased from $243 in November of 2024 to $246 in November of 2025, up 1 percent. 
• The median price increased from $470,000 to $479,475, up 2 percent.  
• The average price moved higher from $522,165 to $540,518, up 4 percent. 

Year-to-date home prices through November

• The price per square foot grew from $241 in the first 11 months of 2024

New MLS listings were mixed last month. Here's a quick look at Dane County listing activity for the month of November, 2025. 

Dane County single family homes 

A total of 249 Dane County single family homes were listed for sale in November, down 9 percent from the 273 listed for sale in November of 2024. Note single family home listings are up one percent through the first 11 months of the year, but remain low compared to most other years this century. 

Dane County condos

A total of 86 condos were listed for sale in November, which was up 13 percent from 76 condos in November of 2024. Through the first 11 months of the year, condo listings are up 2 percent from the year before. 

What to expect for 2026

We're forecasting a