Dane County condo prices increased in December, as accepted offers decreased and new listings increased. Here's our deep dive into the December 2025 condo market.
Dane County condo prices
December Madison area condo prices
- The price per square foot increased from $220 in December of 2024 to $230 in December 2025, up 5 percent.
- The median price grew from $310,000 to $317,500, up 2 percent.
- The average price rose from $331,859 to $351,401, up 6 percent.
Year-to-date prices through December
- The price per square foot increased from $227 in 2024 to $233 in 2025, up 2 percent.
- The median price grew from $308,500 to $324,900, up 5 percent.
- The average price rose from $345,310 to $364,457, up 6 percent.
How much will condo prices rise in 2026?
We're forecasting condo prices to rise 2 to 4 percent in the new year. Check out this post for all of our 2026 market predictions.
New condo listings
A total of 60 Madison area condos were listed for sale in December, up 9 percent from the 55 listings in December of 2024. For all of 2025, condo listings were up 3 percent from the year before. We expect new listings will continue to increase in 2026.
Accepted offers
A total of 60 Dane County condos went under contract in December, down 19 percent from the year before. Throughout all of 2025, contract signings were lower by 1 percent.
Despite these numbers, we do expect condo buying activity to increase in the year ahead. Rates for 30-year mortgages recently dipped below 6 percent, and buyer activity is already picking up significantly during the first 2 weeks of 2026.
Dane County condo inventory
As of January 9th, a total of 184 Madison area condos were available for sale (without an accepted offer) on the MLS. This is the equivalent of 1.5 months of condo supply across all of Dane County.
Note from the chart below that condo inventory has been growing over the last 3 years. The current supply level is:
- 12 percent higher than a year ago
- 115 percent higher than two years ago
- and 107 percent higher than three years ago
We do expect condo supply to continue to grow at a moderate pace in the year ahead.