We deliver you the newest single household residence experiences overlaying all the newest traits in Dane County. Let’s begin with residence costs.
Home costs in December 2024
Dwelling costs within the Madison space rose considerably in December and for the whole 2024 gross sales 12 months.
December worth
- Worth per sq. foot rose 6% from $228 in December 2023 to $243 in December 2024.
- Median worth elevated 6% from $414,900 in December 2023 to $441,250 in December 2024.
- The common worth rose 11% from $466,512 in December 2023 to $520,112 in December 2024.
Annual worth for 2024
- The value per sq. foot rose 7% from $225 in 2023 to $241 in 2024.
- Median worth elevated 9% from $435,000 in 2023 to $475,000 in 2024.
- The common worth elevated 7% from $497,519 in 2023 to $534,699 in 2024.
MLS itemizing
A complete of 156 single-family properties in Dane County have been listed on the market in December, a 22% lower from the 199 properties listed on the market in December 2023. For the whole 2024 gross sales 12 months, MLS listings elevated by 6%.
We consider some would-be sellers are placing their plans on maintain as a result of contentious election cycle on the finish of 2024. After all, we’ll maintain you up to date on how itemizing exercise develops as we head into the brand new 12 months.
accessible inventory
Accessible properties (properties for which no presents have been accepted) are lowering, just like regular winter months. Nevertheless, inventories are nonetheless considerably increased when in comparison with every of the earlier two years. Rising provide is essential to curbing worth will increase and guaranteeing extra folks can afford housing by 2025.
accepted provide
A complete of 238 properties went underneath contract in Dane County in December, a 9% enhance in comparison with 219 properties underneath contract in December 2023. Total presents accepted in 2024 elevated by 4%. We’re cautiously optimistic that this pattern will proceed as extra house owners determine to promote in 2025.
