🏡 March 2025 Housing Market Update — Dane County

Spring is here, and the Dane County housing market is warming up along with the weather! Whether you’re thinking about buying or selling, here’s what you need to know about the local real estate landscape this March — and why it matters to you.

📊 The Big Picture

• Median Sale Price: $435,000 - That's up 1.2% from March last year.
• Average Sale Price: $478,838 - A 1.3% increase year-over-year.
• Homes Sold: 463 - Fairly steady compared to last year (-0.4%).
• Median Days on Market: Just 8 days! - Homes are still moving quickly.
• Average Price Per Square Foot: $252 - Up 3.4% from last year — a sign that buyers are still paying a premium for space and location.

What This Means for Buyers

If you’re shopping for a home this spring, here’s what to consider:

1. Competition is still strong, especially in the $300K–$500K range — homes in that price point had some of the fastest sales and most competition.
2. Low inventory continues to be a challenge. With only 1.38 months of supply, this is still a seller’s market.
3. Act fast: The median home goes under contract in just 7-8 days. Make sure you're pre-approved and ready to move when you find the right home.
4. Price trends are steady, which means you're unlikely to see major drops — but it’s a more stable time than some of the extreme ups and downs of past years.

What This Means for Sellers

If you’ve been considering listing your home, now might be the moment:

1. Home values are strong: With the median sale price at $435,000 and rising, your investment has likely grown.
2. Fast sales: With a median of 8 days on the market, homes are selling fast — especially those priced right.
3. Plenty of buyer demand: New pending sales are up nearly 10% compared to last March. There are buyers out there waiting for homes like yours.

The Dane County housing market remains competitive, balanced with a slight edge for sellers. For buyers, patience and preparation are key. For sellers, it’s a great time to take advantage of strong prices and quick turnaround times.

Thinking about making a move? Let’s talk about what these numbers mean for you and how we can make the market work in your favor.

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

These numbers are combined with single-family and condominiums.