Dane County condo prices were mixed in February, while both new listings and accepted offers increased. Here's our deep dive into the February 2026 condo market.
Note: All of our data is sourced from the South Central Wisconsin MLS.
Dane County condo prices
February Madison area condo prices
- The price per square foot was $218, the same as in February of 2025.
- The median price decreased from $307,500 in February of 2025 to $293,900 in February of 2026, down 4 percent.
- The average price decreased from $333,647 to $318,271, down 5 percent.
Year-to-date condo prices through February
- The price per square foot decreased from $221 in 2025 to $216 in 2026, down 2 percent.
- The median price decreased from $310,000 to $295,000, down 5 percent.
- The average price decreased from $340,088 to $319,9276, down 6 percent.
* A note about condo prices in early 2026
Due to the seasonality of our market, January and February always have a low number of condo closings. Because of this, a few low-priced or high-priced sales can skew the price statistics to unusually low or unusually high levels.
Given this, it's best to follow the price trends over the course of the year, rather than place too much emphasis on an individual month. The months of March and April will shed more light on the direction of condo prices in 2026. Here are our predictions for this year's market, which we published at the end of last year.
New condo listings
A total of 153 Madison area condos were listed for sale in February, up 6 percent from the 145 listings in February of 2025. Year-to-date, condo listings are up 5 percent.
Accepted offers
A total of 119 Dane County condos went under contract in February, up 5 percent from the 113 in February of 2025. Year-to-date, accepted offers are up by 7 percent.
Dane County condo inventory
The growth in available condo listings has plateaued in early 2026. A total of 184 Madison area condos were available for sale (without an accepted offer) on March 5th, slightly below the 190 condos from a year ago. Right now we have 1.6 months of condo supply available in Dane County.
Note from the chart below that available condo listings are up by 34 percent from two years ago, and up by 122 percent from three years ago.