Is Dane County, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Dane County was a Neutral Market.
Key Takeaway
Dane County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Dane County, WI
How much do homes in Dane County, WI cost?
Median Sold Price
$414,583
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Dane County have sold for 44.9% more than they did a year ago.
Summary: The median home sold price in Dane County was $414,583 in March 2024, up 44.9% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $205K | $243K | +18.5% |
| 2 Bedrooms | $251.1K | $299.9K | +19.4% |
| 3 Bedrooms | $324.2K | $402.1K | +24.0% |
| 4 Bedrooms | $489K | $529.9K | +8.4% |
| 5+ Bedrooms | $665.9K | $710K | +6.6% |
Summary: Dane County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.5%, 2 bedroom homes increased by 19.4%, 3 bedroom homes increased by 24%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 6.6%.
Median Sold Price Compared To Nearby Counties
| Dane County | $286.1K | $414.5K | +44.9% |
| Columbia County | $206.5K | $272K | +31.7% |
| Dodge County | $230.3K | $250K | +8.5% |
| Jefferson County | $300K | $318.9K | +6.3% |
Housing Supply in Dane County, WI
How many homes are available in Dane County, WI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1,391 | 1,523 | +9.5% |
Summary: The Dane County real estate market had 1,523 homes for sale in March 2024, a 9.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 35 | 45 | +28.6% |
| 2 Bedrooms | 236 | 273 | +15.7% |
| 3 Bedrooms | 637 | 683 | +7.2% |
| 4 Bedrooms | 348 | 388 | +11.5% |
| 5+ Bedrooms | 135 | 134 | -0.7% |
Summary: The Dane County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 28.6%, 2 bedroom homes increased by 15.7%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes decreased by 0.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 283 | 379 | +33.9% |
Asking Price vs. Sold Price
92 Homes Were Sold
Under Asking
88 Homes Were Sold
At Asking
199 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Dane County, you could pay more than the asking price. 52.5% of homes here sold above asking price last month.
Summary: A total of 379 homes were sold or pending in Dane County in March 2024, up by 33.9% month-over-month. Of the 379 sold homes, 24% were sold under asking, 23% were sold at asking, and 53% were sold over asking.
Days on Market for Dane County, WI
We’re sorry, we don't have information for this market at the moment
