January 2024 Dane County, Wisconsin Market Review
January 2024: Insights into Dane County's Housing Market
Dane County's real estate market in January 2024 shows subtle changes that warrant attention. Here's a quick dive into the key statistics:
Sales and Prices: With 277 homes sold, the market experienced a minor 1.5% decrease in sales volume year-over-year. However, median sale prices rose significantly by 5.8% to $419,900, suggesting homes are still in demand.
Negotiation Power: Buyers seem to be negotiating better deals, with homes selling for 0.53% less than the asking price on average.
Inventory Levels: There are 483 active listings, and new listings have increased by 9.4% from the previous year. A higher inventory indicates a market that’s becoming more favorable to buyers.
Market Pace: Homes are selling fast, with a median of 13 days on the market, reflecting a dynamic market.
Supply Dynamics: The months of supply indicator is at 0.96, still signaling a seller's market, but with more room for buyer negotiation than before.
What This Means
Sellers might need to be more thoughtful about pricing, while buyers could find more options and bargaining power. The market remains active and competitive, even with these nuanced shifts. Both buyers and sellers should stay informed and work with real estate professionals to navigate the market effectively.
*These numbers are for both single-family and condo homes combined.
Single Family Homes in Dane County

$450,000
Median Sales Price

14
Median Days on Market

$232
Average Price per Square Foot

101%
Sale-to-List Price

378
New Listing

378
Active Listings

288
Under Contract

219
Closed Sales
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Condominium Homes in Dane County

$270,000
Median Sales Price

7
Median Days on Market

226
Average Price per Square Foot

100
Sale-to-List Price

98
New Listings

96
Active Listings

74
Under Contract

60
Closed Sales
Curious about how your home's value has changed?
We will gladly prepare a Comparative Market Analysis for you so that you are armed with the most current information.