Dane County home prices rose in May for two out of our three measures. Here's our full report on the Dane County single family home market for the month of May 2025. All data is sourced directly from the South Central Wisconsin MLS. 

Dane County home prices

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Three price statistics:

• The price per square foot grew from $244 in May of 2024 to $249 in May of 2025, an increase of 2 percent.
• The average price grew from $548,560 to $577,108, an increase of 5 percent.
• The median price dipped slightly from $475,126 to $475,000, down by a small fraction (note the median price dipped by 1 percent each in April and March).

We do see signs that the growth in Dane County home prices may be moderating. The rest of our report provides some

Dane County condo prices continued to trend higher in May -- across all three of our measures. Here's our transparent look at the Madison area condo market for the month of May, 2025. Note all of our data is sourced from the South Central Wisconsin MLS. 

Dane County condo prices

Three Dane County condo price statistics

• The price per square foot grew from $225 in May of 2024 to $237 in May of 2025, an increase of 6 percent. 
• The average price jumped from $344,513 to $383,712, an increase of 11 percent. 
• The median price grew from $310,00 to $330,000, up 6 percent.  

** A quick note about prices: The condo market can experience large fluctuations in prices from one month to the next, due to the relatively low number of units sold

Our preliminary numbers are in, showing historically low listing activity for the month of May, 2025.

Dane County single family homes

A total of 594 single family homes were listed for sale on the MLS, which was down 9% from the 654 listed in May of 2024. Year-to-date, new single family home listings are up 1 percent. 

Dane County Condos

A total of 150 condominiums were listed for sale on the MLS, which was down 17% from the 181 listed in May of 2024. Year-to-date, condo listings are down 6 percent. 

Stay tuned for more May numbers coming real soon

Our full home and condo market reports will cover the latest trends for inventory, accepted offers, sales, days on market, and more. Call us if you'd like to discuss your real estate

It's Memorial Day weekend, the unofficial kick-off to the summer season in Wisconsin. It's the season for family gatherings, outdoor barbeques, camping trips, Saturday mornings at the Farmers Market -- and yardwork. 

It's a special time of year here in Wisconsin, one that will be over before we know it. Soon the fall season will be upon us, with the arrival of cooler temps and autumn colors dotting the hillsides. 

Just like the seasons, our local real estate market is always changing, too. And right now our market is mellowing. This is the time of year when the competition for listings begins to subside, when prices become a little more "rational", and when some homes take a little longer to sell. 

For buyers, this means a window of opportunity

At Mad City Dream Homes, we make it easy for you to get a quick read on the market in your neighborhood or condo community. All you need to do is find your location guide on our website (we have hundreds of them), and then review the latest trends which are all updated real-time. 

The example below is from the Valley Ridge neighborhood on Madison' far west side. The current listings section offers a snapshot of what's on the market right now, while the sold listings section summarizes the sales activity in the last year. 

Of course we always recommend a consultation with a trusted realtor when you're getting serious about buying or selling. In the meantime, our location guides are an excellent resource that will help you gain a good initial

Dane County condo prices jumped higher in April -- for all 3 of the measures that we track. Here's our comprehensive update on the Madison area condo market for April, 2025. 

Dane County condo prices

Three condo price statistics

• The price per square foot grew from $228 in April of 2024 to $255 in April of 2025, an increase of 12 percent. 
• The average price jumped from $336,304 to $396,231, an increase of 18 percent. 
• The median price grew from $293,895 to $335,100, up 14 percent.  

** A quick note about prices: The condo market can experience large fluctuations in prices from one month to the next, due to the relatively low number of units sold each month. A few high-end or low-end sales can have a big impact and skew the numbers

Dane County home prices rose in April for two out of our three measures. Here's our full report on the Dane County single family home market for the month of April, 2025.

Dane County home prices

Three price statistics:

• The price per square foot increased from $235 in April of 2024 to $256 in April of 2025, a jump of 9 percent.
• The average price grew from $536,245 to $558,202, an increase of 4 percent.
• The median price dipped from $495,000 to $489,900, down 1 percent (for the second straight month).

We do expect prices to remain elevated throughout the year, based on current supply and demand trends. 

New listings

New MLS listings rose from 591 in April of 2024 to 680 in April of 2025, an increase of 15%. This is a

Our preliminary numbers for April are in, showing an increase in the number of Madison area homes and condos being listed for sale. 

Dane County single family homes

A total of 683 single family homes were listed for sale on the MLS, which was up 15% from the 593 listed in April of 2024. Year-to-date, new listings are up 5 percent. Note, however, listing activity remains light compared to most other years dating back to the year 2000.  

Dane County Condos

A total of 176 condominiums were listed for sale on the MLS, which was up 5% from the 168 listed in April of 2024. Year-to-date, condo listings are down 2 percent. Note from the chart below that condo listings remain low compared to most other years this century. 

Stay tuned for

Young people are being squeezed out of the real estate market, which the recent NAR Profile of Home Buyers and Sellers makes abundantly clear. According to the survey: 

• The median home buying age in 2024 was 56 years old, the highest on record. 
• The median first-time home buying age was 38 years old, an all-time high. 
• Only 24 percent of all buyers in 2024 were first-time buyers, an all-time low. 

Until our local home supply significantly improves, buying a home will continue to be a challenge for many people, especially young people who are working hard to grow their income and save up for their down payment.

Despite the challenges, we want you to know there are still opportunities for first-time home buyers in this market. And

Dane County condo prices rose last month, across the board, for all 3 measures. Here's our full report on the Madison area condo market for the month of March, 2025.

Dane County condo prices

Three condo price statistics:

• The price per square foot increased from $222 in March of 2024 to $234 in March of 2025, an increase of 5 percent.
• The average price grew from $333,793 to $347,144, an increase of 4 percent.
• The median price changed from $311,000 to $316,250, up 2 percent.

We do expect Dane County condo prices to remain elevated throughout the year, based on current supply and demand trends. 

New MLS listings

A total of 149 Dane County condos were listed for sale in March, which was the lowest for any month of March