Dane County Real Estate Market Update – January 2025

The January 2025 real estate market in Dane County has remained steady, but with some shifts that are worth noting for both buyers and sellers. Whether you’re thinking about purchasing a home or selling your current one, here’s what you need to know.

Market Overview

• Median Sale Price: $420,000 (unchanged from last year)
• Average Sale Price: $472,698 (+3.9% from last year)
• Total Sales: 311 homes (+8% from last year)
• Days on Market (DOM): 24 days (up from 12 days last year)
• Total Sales Volume: $150.8 million (+14.3% from last year)

What This Means for Buyers

If you’re looking to buy a home in Dane County, the market is still competitive, but homes are staying on the market longer. This could mean slightly less pressure to make lightning-fast decisions. While the average price of homes has gone up, the fact that properties are taking longer to sell suggests that buyers may have more room for negotiation.

Key Takeaways for Buyers:

• Homes are spending more time on the market, giving you more options.
• Prices are still increasing, so waiting too long might mean paying more later.
• Interest rates and inventory levels will be key factors in affordability.

What This Means for Sellers

If you’re selling a home, it’s still a strong market, but expect slightly longer selling times compared to last year. Homes priced competitively and in good condition will still attract buyers, but overpricing may lead to longer time on the market.

Key Takeaways for Sellers:

• Homes are still selling, but patience may be needed.
• Pricing your home correctly from the start is crucial.
• Well-maintained and move-in-ready homes tend to sell faster.

Looking Ahead

With 632 active listings and a months-of-supply at 1.21 months, the market remains in favor of sellers overall. However, buyers who are prepared and patient may find opportunities as homes sit on the market longer.

Whether you’re looking to buy or sell, having a knowledgeable real estate team by your side can make all the difference. If you have questions about how this market update affects your plans, we’re here to help!