Madison Space Single Household Houses Newest Updates (August 2024)

We carry you the newest info on the Dane County single household dwelling market. All figures are taken from the South Central Wisconsin MLS.

Residence costs in August 2024

Residence costs within the Madison space proceed to rise, by each metric:

• The worth per sq. foot will improve from $222 in August 2023 to $244 in August 2024, a rise of 10 p.c.
• The median value jumped from $430,000 to $470,000, a 9 p.c improve.
• The common value rose from $498,836 to $555,057, an 11 p.c improve.

New MLS Itemizing

MLS listings have (barely) recovered from their all-time lows in August 2022.

Lively Checklist

Lively listings (listings with no accepted provides) are on the rise in 2024. For the primary time in a number of years, there are over 700 lively single-family dwelling listings in Dane County. As of September eighth, there are 1.8 months value of single-family properties accessible on the market within the county.

Accepted Affords

A complete of 408 single-family properties went underneath contract in Dane County in August, the bottom quantity for the month of August in 13 years. Regardless of this low quantity, our crew skilled some encouraging exercise in August.

Money Affords

The share of properties receiving money provides is properly above pre-pandemic ranges.

Competing provides

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Extra market updates coming quickly, so keep tuned…

1619 Monroe Road #1, Madison, WI, 53711