Dane County condo prices increased in September, while accepted offers decreased noticeably. Here's our in-depth look at the September Madison area condo market. Note: All of our data is sourced directly from the South Central Wisconsin MLS.
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Dane County condo prices
Madison area condo prices increased in September.
- The price per square foot was $230, up 11 percent from $227 in September of 2025.
- The average price increased from $352,669 in September of 2025 to $373,942 in September of 2026, up 6 percent.
- The median price increased from $300,000 to $340,500, up 13 percent.
However, year-to-date condo prices through September were mixed.
- The price per square foot increased from $235 in 2025 to $240 in 2026, up 2 percent.
- The average price decreased from $368,366 to $366,902, down .4 percent.
- The median price decreased from $327,000 to $320,000, down 2 percent.
A few notes on condo prices:
We recommend paying more attention to the year-to-date trends than the prices in any individual month. Due to the relatively low number of condos sold each month, the monthly numbers can vary significantly. Tracking prices over time offers better insight into the market.
As Dane County condo inventory continues to grow (covered later in our report), we continue to observe buyers and sellers operating on a more level playing field. Price reductions are becoming more common and competing offers less common. Condo buyers are in a better position to negotiate in 2026, and condo sellers are learning that they need to be thoughtful with their pricing, staging, and marketing.