Dane County condo values continue to rise in the new year, and the market is already very competitive in early 2025. Here's our latest update on the Madison area condo market.
Dane County condo prices
The price per square foot rose from $212 in January of 2024 to $225 in January of 2025. Note from the chart below that Madison area condo prices have more than doubled since the most recent market bottom in 2012.
New condo listings
A total of 126 Dane County condos were listed for sale in January, up from the 107 listings a year ago. In the bigger picture, listing activity continues to trend along historically low levels. We fully expect our growing population and a lack of fresh condo supply will lead to more price appreciation in the year ahead.