Madison Space Condominium Market Replace June 2024

Dane County house costs rose once more in June, buoyed by a provide scarcity and robust demand. We’re bringing you the newest on the Madison space house market.

Condominium costs in June

• Worth per sq. foot elevated from $218 in June 2023 to $235 in June 2024, a rise of 8%.
• The typical worth rose from $342,102 to $361,592, a 6 p.c enhance.
• The median worth jumped from $314,760 to $325,000, a 3 p.c enhance.

Yr so far worth

• The value per sq. foot elevated from $211 for the primary six months of 2023 to $227 for the primary six months of 2024, a rise of 8%.
• The typical worth rose from $327,847 to $336,777, a 3 p.c enhance.
• The median worth rose from $295,000 to $305,000, a 3 p.c enhance.

New Condominium Property Info

Though a number of comparatively new house developments have appeared within the Madison-area house market, gross sales exercise was sluggish in June: A complete of 153 residences had been listed on the market final month, the bottom quantity for any June prior to now 24 years.

Dane County Condominium Provide

In 2024, the variety of energetic listings (these with no accepted affords) has been quietly enhancing, creating extra alternatives for consumers this summer season: As of July 7, there have been 174 condos on the market in Dane County (1.6 months’ provide).

Accepted Gives

The variety of contract signings in June was up barely from June 2023, however since then it was the bottom since June 2012.

Keep tuned for extra condominium market updates coming quickly…

1619 Monroe Avenue #1, Madison, WI, 53711