Here's our latest single family home report, covering all of the latest trends in Dane County. First, we begin with home prices.
December 2024 home prices
Madison area home prices were up significantly in December, and were significantly higher for the entire 2024 sales year, too.
December prices
- The price per square foot rose from $228 in December of 2023 to $243 in December of 2024, up 6 percent.
- The median price increased from $414,900 in December of 2023 to $441,250 in December of 2024, up 6 percent.
- The average price increased from $466,512 in December of 2023 to $520,112 in December of 2024, up 11 percent.
2024 annual prices
- The price per square foot increased from $225 in 2023 to $241 in 2024, up 7 percent.
- The median price grew from $435,00 in 2023 to $475,000 in 2024, an increase of 9 percent.
- The average price grew from $497,519 in 2023 to $534,699 in 2024, a growth of 7percent.
MLS listings
A total of 156 Dane County single family homes were listed for sale in December, down 22 percent from the 199 listed for sale in December of 2023. For the entire 2024 sales year, MLS listings increased by 6 percent.
We do believe some would-be sellers put their plans on hold due to the contentious election cycle at the end of the 2024. Of course we'll keep you posted on how listing activity unfolds as we progress through the new year.
Stay tuned for the rest of our market update, coming real soon...
This article is published courtesy of:
Dan Miller, REALTOR
Mad City Dream Homes & Realty Executives Cooper Spransy
1619 Monroe Street #1, Madison, WI, 53711
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