Dane County home prices continued to rise in the month of June, fueled by low inventory and strong buyer competition. Here's our latest update on the Madison area single family home market.
June home prices
- The price per square foot rose from $231 in June of 2023 to $239 in June of 2024, an increase of 4 percent.
- The average price rose from $519,271 to $543,943, an increase of 5 percent.
- The median price jumped from $445,000 to $490,000, an increase of 10 percent.
Year-to-date prices
- The price per square foot rose from $224 during the first 6 months of 2023 to $238 during the first 6 months of 2024, an increase of 6 percent.
- The average price rose from $499,744 to $528,949, an increase of 6 percent.
- The median price rose from $439,439 to $480,000, an increase of 9 percent.
New MLS listings
New single family home listings rose by 2 percent from last June (and by 3 percent through the first 6 months of the year), but remained low compared to every other June since the year 2000.
