Dane County home prices rose for all 3 measures in August, as inventory continued to grow. Here's our transparent view of the August Madison area single family home market, along with our review of the first 8 months of 2025.
Note all of our statistics are sourced from the South Central Wisconsin MLS database.
Dane County home prices
August Madison area home prices
- The price per square foot grew from $244 in August of 2024 to $252 in August of 2025, an increase of 3 percent.
- The median price increased from $473,500 to $495,000, up 5 percent.
- The average price moved higher from $558,471 to $578,118, up 4 percent.
Year-to-date home prices through August
- The price per square foot grew from $241 in the first 8 months of 2024 to $253 in the first 8 months of 2025, an increase of 5 percent.
- The year-to-date median price edged higher from $480,000 to $482,000 -- up four-tenths of a percent.
- The year-to-date average price grew from $540,897 to $567,183, an increase of 5 percent.
New listings
A total of 492 Dane County single family homes were listed for sale in August, down 7 percent from 530 in August of 2024. Note from the chart below that new listings have been subdued for each of the last 4 summers, coinciding with mortgage rates moving higher in the summer of 2022. Also note the number of new listings for each of the last 4 months of August are lower than the listing totals for any other month of August since 2001.
Through the first 8 months of the year, single family home listings are up 2 percent from the first 8 months of 2024.
Accepted offers
A total of 426 Madison area homes went under contract in August, up 4 percent from the 410 in August of 2024 and August of 2023. Through the first 8 months of the year, accepted offers are lower by 2 percent.
Dane County single family home inventory
Supply has been steadily increasing over the last two years. A total of 860 Madison area homes (or 2.1 months of supply) were available for sale on September 5th.
As the chart below shows, inventory is up 20 percent from the 719 listings on 9/6/2024, and up 98 percent from the 435 listings on 9/12/2023. With increasing supply we are trending toward a more balanced market, which is a welcome development for buyers. Buyers will continue to experience less competition and a more reasonably-paced market as supply continues to grow. Sellers, on the other hand, will need to understand that today's market is more mellow compared to the market during the COVID era.
Keep in mind that market dynamics and months of supply can vary a lot from one neighborhood to the next. Some local neighborhoods have less than one month of supply available right now, while others are in the range of 4 to 6. It's always a good idea to consult with a professional, who can help you understand how local market conditions are likely to impact your specific buying and selling goals.