Dane County home prices increased for all three of our measures in March, as new listings increased and accepted offers decreased. Here's our latest update on the Madison area single family home market.
Note: All of our data is sourced from the South Central Wisconsin MLS.
Dane County home prices
March Madison area home prices
- The price per square foot increased from $250 in March of 2025 to $258 in March of 2026, up 3 percent.
- The median price increased from $464,000 to $499,000, up 8 percent.
- The average price decreased from $522,187 to $574,264, up 10 percent.
Year-to-date prices through the month of March
- The Dane County price per square foot increased from $245 through March of 2025 to $253 through March of 2026, up 3 percent.
- The median price increased from $459,720 to $481,000, up 5 percent.
- The average price increased from $527,590 to $557,478 up 6 percent.
New listings
A total of 599 Dane County homes were listed for sale in the month of March, up 7 percent from the 562 in March of 2025. Last month's total was the highest for any month of March in the last 4 years. Through the first quarter of the year, the listing total is even with the listing total from last year.
Accepted offers
A total of 499 Dane County homes went under contract in March, down 4 percent from 521 accepted offers in March of 2025. Through the first quarter of the year, accepted offers are 2 percent higher in 2026.
Dane County home supply
As of April 9th, a total of 554 Madison area single family homes are available for sale (without an accepted offer) -- the equivalent of 1.3 months of inventory. Here's how today's supply level compares to previous years:
- Essentially even with the 553 homes in April of 2025.
- Up 29 percent from from 428 homes in April of 2024.
- Up 51 percent from 368 homes in April of 2023.
- Up 73 percent from 321 homes in April of 2022.
Note we do expect supply levels to rise over the next 6 months, as they typically do each year. Buyers will have more homes to choose from, and sellers will have more competition from other sellers as we approach the summer market.
Competing offers
Competing offers in 2026 are trending slightly below the levels from last year. According to our preliminary data for the month of February, 35 percent of all accepted offers involved competition, compared to 36 percent the year before. Note from the chart below that competing offers are trending well below the peak levels from 2021.
Fewer competing offers is a sign of a more balanced market, with buyers slowly gaining more opportunities to negotiate on a more level playing field with sellers. We would love to see this trend toward more balance continue in the months and years ahead.
Days on market
The average days on market in March was 38 days, even with last year. Through the first quarter of the year, the average DOM was 45 days, up from 41 days the year before. Rising marketing times is another sign that our market is slowly trending toward more balance.
Expired listings
Through the month of March, a total of 232 Dane County single family home listings expired without selling, up 28 percent from the 181 expired listings last year -- another sign of a market trending toward more balance. Even though the market is favorable for sellers, a home won't sell if buyers view it as over-priced and too costly to update.
Dane County home sales
A total of 377 Madison area homes sold (closed) in March, up 8 percent from the 350 homes in March of 2025. Through the first quarter of the year, sales are up 4 percent.
What questions do you have about the market?
We're available to meet with you and discuss how your local market impacts your unique buying and selling goals. Reach out for a helpful consultation. It would be our pleasure to serve you.
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