The Dane County housing market showed strong momentum in May, with both prices and sales volume climbing compared to last year. Buyer demand remained solid despite fewer new listings hitting the market, keeping competition healthy, especially in the most in-demand price ranges.

Quick Stats from May 2025:

• Median Sale Price: $459,900 (up 3.3% from May 2024)
• Average Sale Price: $528,841 (up 6.1%)
• Total Homes Sold: 719 (up 6.8%)
• Median Days on Market: 7 days (same as last year)
• Average % Over Asking Price: 1.49% (down slightly from last year)
• New Listings: 754 (down 10.1%)
• Pending Sales: 635 (down 6.9%)

So what does all that mean in real life? In short, homes are still moving quickly, and values continue to rise at a steady pace. However, fewer new homes are coming to market, which means well-prepared buyers are still facing competition, just not quite at last year’s frenzy levels.

What This Means for Buyers

Even though it’s still a competitive market, there’s a bit more breathing room than we’ve seen in past spring seasons. Summer tends to bring slower showings as people shift their focus to travel and activities, which could give you an edge if you’re ready to act. Homes are still selling quickly, but the pace isn’t quite as intense. This could be a smart window to make a move before the back-to-school surge hits.

What This Means for Sellers

For homeowners thinking about listing, the conditions are still in your favor. Low inventory and steady buyer demand are creating a market where well-presented, appropriately priced homes are selling fast, often in under a week. The $300K to $500K range is especially active, but even higher-end homes are seeing solid interest. If you’ve been on the fence about selling, this is a great time to talk strategy and get ahead of the late summer market.

Final Thought

We’re continuing to see a strong and steady market in Dane County, with well-priced homes selling quickly and prices trending upward. Whether you’re planning to buy, sell, or just want to keep an eye on things, it’s always smart to stay informed. If you have questions or want to talk through your options, our team is always here to help.