Buyer activity was strong in the month of April, as Dane County home prices continued to move higher. Here's our latest update on the Madison area single family home market.
Dane County home prices
The price per square foot increased from $227 in April of 2023 to $234 in April of 2024. That's a 3 percent increase year-over-year. Note the price per square foot is up 8 percent through the first four months of 2024.
The median and average price were also higher in the month of April:
- The median price jumped from $444,900 in April of 2023 to $496,000 in April of 2024 -- an increase of 11 percent.
- The average price moved from $509,239 in April of 2023 to $535,915 in April of 2024 -- an increase of 5 percent.
