Dane County condo prices jumped higher in April -- for all 3 of the measures that we track. Here's our comprehensive update on the Madison area condo market for April, 2025.
Dane County condo prices
Three condo price statistics
- The price per square foot grew from $228 in April of 2024 to $255 in April of 2025, an increase of 12 percent.
- The average price jumped from $336,304 to $396,231, an increase of 18 percent.
- The median price grew from $293,895 to $335,100, up 14 percent.
** A quick note about prices: The condo market can experience large fluctuations in prices from one month to the next, due to the relatively low number of units sold each month. A few high-end or low-end sales can have a big impact on monthly prices. For this reason it's important to focus more on price trends over time rather than the prices for an individual month. With this said, condo prices clearly have been trending higher in 2025.
New condo listings
A total of 176 Dane County condos were listed for sale in April, up slightly from the 169 in April of 2024. As the graph below shows, Madison area condos have been entering the market at a slow pace for the last 15 years. This article offers some insight into why listing activity remains so light.
Accepted offers
Accepted offers continue to trend near historically low levels. A total of 154 Dane County condos went under contract last month, just slightly above the 150 from April of 2024. With fewer offerings available in the market, fewer condos are going under contract, too.