Dane County Market Update

Do you remember the age-old expression, “Buy Land, They Aren’t Making More of It”?

This advice rings very true in Dane County. We have a highly desirable city built on an isthmus with well-established small towns within drivable distance. If you are looking for a safe and secure investment, real estate in Dane County could be exactly the perfect match!

What has the market been like for buyers this spring? With interest rates at 6-7%, there are very few homes for sale, and any home in good condition in a desirable location has continued to have multiple offers. Buyers need to be highly motivated, focused, determined, and financially capable, and they need to work with a knowledgeable and strategic realtor.

What has the market been like for sellers this spring? Excellent; however, for sellers to “eat their cake too,” they need to not only have a house in a desirable location but also have made more recent updates and show buyers that they have continued to maintain their property throughout their ownership. Sellers must clean out, declutter, and deep clean to present the best product for ultimate success.

What does the future hold? The Madison real estate market has historically remained stable despite national recessions and slowdowns. Therefore, owning a property in Dane County continues to be an intelligent way of holding an appreciating asset for your family!

Now, let’s run the numbers:

An 11.5% increase in median price in Dane County between Q2, 2023 and Q2, 2024.

While there was an 8.5 % decrease in # of homes sold between Q2 of 2023 and Q2 of 2024.