Dane County Housing Market Report

August 2025 - Market Overview

The Dane County housing market stayed active in August, but we’re seeing signs of balance compared to the last few summers.

• Median Sale Price: $453,000, up 1.8% from last year.
• Average Sale Price: $527,943, up 1.2%.
• Total Sales: 623 homes closed, down 4.7% from last year.
• Total Sales Volume: $328.9M, down 3.6%.
• Median Days on Market: 9 days, a touch longer than last August (up 2 days).
• New Listings: 648, down 4.7%.
• Pending Sales: 509, down 4.9%.
• Months of Supply: 2.19 (still leaning toward a seller’s market, but higher-priced ranges are showing more balance).

What Buyers Should Know

• Homes under $400,000 are still moving quickly, often within a week, with slight competition over asking.
• Mid-range homes ($400,000–$600,000) are in steady demand but with less frenzy than earlier in the year.
• At $700,000 and above, buyers may find more room to negotiate as supply is higher and days on market are stretching.
• With mortgage rates fluctuating, buyers should stay pre-approved and be ready to act when the right property comes up. Flexibility on location or features can open more opportunities.

What Sellers Should Know

• Well-priced homes continue to attract strong interest, especially in the $300,000–$600,000 range.
• Overpricing is risky. Buyers have more options than they did a year ago, and homes that linger beyond two weeks tend to see price reductions.
• Staging and condition matter more in today’s market. Move-in ready homes are selling faster and closer to list price.
• If you’re considering selling this fall, know that inventory usually tapers off heading into winter, which could work to your advantage.

Key Takeaway

The market in Dane County is steady but showing early signs of balance. Sellers still hold an advantage in many price points, but buyers are finding a little more breathing room. Whether you’re buying or selling, strategy matters more than ever.

Data is combined for single-family and condo homes.