Madison area condo prices continued to rise in November, and by all three of our statistical measures. 

• The condo price per square foot grew from $217 in November of 2023 to $225 in November of 2024, up 4 percent. 
• The average condo price grew from $313,410 to $342,417, an increase of 9 percent. 
• The median condo price grew from $270,000 to $306,500, a jump of 14 percent. 

New condo listings

November was a slow month for Madison area condo listings. Only 70 Dane County condos were listed for sale in November, down from the 85 condos in November of 2023. Our feeling is some people were feeling a little uncertain about their real estate plans due to the recent elections. We do expect listing activity to pick up once again in early 2025. 

Dane County condo inventory 

Madison area condo supply always decreases each December, and then increases once again on the other side of the holidays. This year is no exception. Note, however, that condo supply is much more plentiful right now than it was at the same time last year. This is a positive trend for buyers who are getting ready to make their purchase in the new year. 

Stay tuned for the rest of our condo update, coming real soon...