Condominium costs within the Madison space continued to rise in April. This is the most recent info on Dane County’s condominium market.
Dane County condominium costs
The value per sq. foot elevated from $210 in April 2023 to $229 in April 2024. This can be a 9% improve over the earlier yr. Within the first 4 months of this yr, costs per sq. foot rose by his 12%.
MLS condominium property checklist
New condominium listings elevated barely in April and had been up 15% by the primary 4 months of the yr. Total, itemizing exercise stays low in comparison with most different years this century.
accepted supply
A couple of extra condos went below contract in April, nevertheless it was decrease than in most different years since 2000.
inventory
Native condominium provide is rising in 2024, with stock in Might of this yr nicely above Might 2022 and Might 2023 ranges. As of Might seventh, stock has elevated to 1.4 months provide.
A number of new developments have just lately come to market, enhancing the choice in Dane County. These embody Betha Monona in Monona, Calliope Cottages in Middleton, Completely happy Place Condominiums in Eastside, Lacey Ridge Condominiums in Fitchburg, The Ridge at Fox Hill in DeForest, and Wild Oak Condominiums in Stoughton.
