Newest data on single-family houses within the Madison space (June 2024)

Dane County house costs continued to rise in June attributable to low stock and robust competitors for consumers. We convey you the newest on the Madison space single-family house market.

June house costs

• The value per sq. foot elevated from $231 in June 2023 to $239 in June 2024, a rise of 4 p.c.
• The typical value rose from $519,271 to $543,943, a 5 p.c improve.
• The median value jumped from $445,000 to $490,000, a ten p.c improve.

Yr so far value

• Worth per sq. foot elevated from $224 for the primary six months of 2023 to $238 for the primary six months of 2024, a rise of 6%.
• The typical value rose from $499,744 to $528,949, a 6 p.c improve.
• The median value rose from $439,439 to $480,000, a 9 p.c improve.

New MLS Itemizing

Listings of latest single-family houses have been up 2 p.c from final June (and up 3 p.c by the primary six months of this yr), however remained low in comparison with all different Junes since 2000.

The remainder of the market replace shall be launched quickly, so keep tuned…