Dane County condo prices were mixed in February, while both new listings and accepted offers increased. Here's our deep dive into the February 2026 condo market.
Note: All of our data is sourced from the South Central Wisconsin MLS.
Dane County condo prices
February Madison area condo prices
- The price per square foot was $218, the same as in February of 2025.
- The median price decreased from $307,500 in February of 2025 to $293,900 in February of 2026, down 4 percent.
- The average price decreased from $333,647 to $318,271, down 5 percent.
Year-to-date condo prices through February
- The price per square foot decreased from $221 in 2025 to $216 in 2026, down 2 percent.
- The median price decreased from $310,000 to $295,000, down 5 percent.
- The average price decreased from $340,088 to $319,9276, down 6 percent.
* A note about condo prices in early 2026
Due to the seasonality of our market, January and February always have a low number of condo closings. Because of this, a few low-priced or high-priced sales can skew the price statistics to unusually low or unusually high levels.
Given this, it's best to follow the price trends over the course of the year, rather than place too much emphasis on an individual month. The months of March and April will shed more light on the direction of condo prices in 2026. Here are our predictions for this year's market, which we published at the end of last year.
New condo listings
A total of 153 Madison area condos were listed for sale in February, up 6 percent from the 145 listings in February of 2025. Year-to-date, condo listings are up 5 percent.
Accepted offers
A total of 119 Dane County condos went under contract in February, up 5 percent from the 113 in February of 2025. Year-to-date, accepted offers are up by 7 percent.
Dane County condo inventory
The growth in available condo listings has plateaued in early 2026. A total of 184 Madison area condos were available for sale (without an accepted offer) on March 5th, slightly below the 190 condos from a year ago. Right now we have 1.6 months of condo supply available in Dane County.
Note from the chart below that available condo listings are up by 34 percent from two years ago, and up by 122 percent from three years ago.
Days on market
The average days on market for Dane County condos that sold (closed) in February was 57 days, up from 41 days in February of 2025. Keep in mind that most of the closings that occurred in February were from offers that were written in December and January.
The year-to-date average is also 57 days, up from 43 days last year. The year-to-date median is 32 days, up from 15 days last year.
Higher marketing times in 2026 is a sign of more balance returning to the Madison area condo market. Also note from the chart below the seasonality of this statistic. Days on market will be trending lower this spring and summer, when buyers are most active in the market.
Expired listings
A total of 94 Dane County condo listings expired without selling through the month of February, which is the highest total in more than a decade (see chart below). Many sellers are learning that buyers are more selective in 2026. Therefore it's imperative for sellers to address needed repairs, eliminate cosmetic objections, and properly price their condo before putting it on the open market.
Dane County condo sales
A total of 87 condos sold (closed) in February, the same as in February of 2025. Year-to-date through the month of February, condo sales are lower by 10 percent. We do expect closings to increase in March based on the number of accepted offers in January and February.
What to expect for the rest of 2026
As consumers continue to focus on affordability, we expect 2026 will be a year with more equal give and take between condo buyers and sellers. The condos that have been properly prepared for the market and priced correctly will continue to sell very quickly. Those that have not, will sit on the market.
Please let us know what questions you have about buying or selling in 2026. We're here to be a resource for you and help you move forward with confidence in the year ahead.
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