Dane County dwelling costs rise in Might

Dwelling costs continued to rise in Might, rising throughout all metrics. Listed below are the most recent reviews and commentary on the Madison-area single-family dwelling market.

Dane County Dwelling Costs

The value per sq. foot is up 6 % from a 12 months in the past and seven % to this point this 12 months.

Dane County dwelling costs have risen by each measure.

• The value per sq. foot rose from $230 to $244 in Might (a 6 % enhance).
• The common value elevated from $519,479 to $550,576, a 6 % enhance.
• The median value elevated from $450,000 in Might 2023 to $494,000 in Might 2024 (a ten % enhance).

New MLS Itemizing

Itemizing exercise improved barely in Might (a optimistic pattern), however stays low in comparison with most different years this century. With a restricted provide of recent properties coming onto the market, dwelling costs are anticipated to proceed to rise all year long.

The remainder of the Might replace shall be accessible quickly, so keep tuned…

1619 Monroe Road #1, Madison, WI, 53711