Madison Space Single Household House Tendencies for October 2024

Right here is the most recent info on the Dane County single-family housing marketplace for October 2024. All numbers come from South Central Wisconsin MLS.

Housing costs in October 2024

House costs within the Madison space continued to rise by each measure.

• The worth per sq. foot elevated by 1% from $228 in October 2023 to $231 in October 2024.
• Median value elevated 8% from $420,000 to $455,000.
• The common value elevated 5% from $486,028 to $509,127.

New MLS Itemizing

The variety of MLS listings elevated considerably from every of the final two Octobers. A complete of 470 properties had been listed on the market in Dane County final month, a 22% enhance in comparison with October 2023 complete listings and a 17% enhance in comparison with October 2022 complete listings.

lively record

Lively listings (listings with no accepted gives) have elevated considerably in comparison with final yr. As of Nov. 6, 665 single-family properties had been obtainable on the market in Dane County, up from 570 a yr in the past.

accepted provide

The variety of contract signings elevated in comparison with the earlier two Octobers. A complete of 405 properties went below contract in Dane County final month, an 11% enhance in comparison with 366 properties in October 2023 and an 8% enhance in comparison with 376 properties in October 2022.

Keep tuned for the remaining market updates coming quickly…

1619 Monroe Road #1, Madison, WI, 53711