Dane County Real Estate Market Update – February 2025

The real estate market in Dane County remained active in February, offering valuable insights for both buyers and sellers. Let’s break down the key takeaways and what they mean for you!

Key Market Stats for February 2025:

• Median Sale Price: $440,000 (unchanged from last year)
• Number of Sales: 352 (⬆ 23.5% from last year)
• Average Sale Price: $492,401 (⬆ 6.6% from last year)
• Median Days on Market (DOM): 10 days (⬆ 2 days from last year)
• Total Sales Volume: $175.3M (⬆ 33.2% from last year)

What This Means for Buyers

1. Expect competition. With homes selling quickly, you’ll want to be prepared to make strong offers.
2. Prices are stable but rising. While the median sale price hasn’t changed from last year, the average sale price has increased by 6.6%.
3. More listings are coming. New listings were slightly down from last year, but as we enter spring, more homes will hit the market.

What This Means for Sellers

1. Home values are holding steady. If you're considering selling, the median sale price has remained strong at $440,000.
2. Homes are still selling quickly. The median time on the market is just 10 days, so well-priced homes are moving fast.
3. More buyers are in the market. A 23.5% increase in sales activity means demand remains high. This is good news if you're thinking of listing!

Market Trends to Watch

• Active Listings: 179
• Pending Sales: 62
• Months of Supply: 1.55 (still a seller’s market, but more balanced than before)
• New Listings: 133 (-11.3% from last year)

If you're a seller, now is still a great time to list, as demand remains strong. If you're a buyer, being prepared and working with a knowledgeable agent can give you an edge in this competitive market.

Have questions about what this means for you? Let’s chat!