Here are the latest, unfiltered trends in the Dane County condo market, updated for December, 2024. 

Dane County condo prices

Madison area condo prices were mixed in December, but up across all measures for the entire year. Do the December numbers suggest condo prices will be falling soon? We don't think so. Condo prices are subject to some variability due to the relatively low number of sales that occur each month. In the condo market, a few low-end or high-end sales can have a large impact on monthly prices. For this reason it's important to pay attention to the overall trend rather than the individual measures in any given month. 

December condo prices 

• The price square foot decreased from $224 in December of 2023 to $221 in December of 2024, a decrease of 1 percent. 
• The median price increased from $294,950 in December of 2023 to $310,000 in December of 2024, an increase of 5 percent. 
• The average price decreased from $339,868 in December of 2023 to $329,743 in December of 2024, a decrease of 3 percent. 

Annual condo prices

• The price per square foot increased from $216 in 2023 to $227 in 2024, an increase of 5 percent. 
• The median price increased from $300,000 in 2023 to $308,000 in 2024, an increase of 3 percent. 
• The average price increased from $333,931 in 2023 to $344,641 in 2024, an increase of 3 percent. 

Stay tuned for the rest of our condo market update, coming real soon...