The February numbers are in, and the story is clear: single-family homes and condos are moving at very different speeds in Dane County.

Single-family homes had a median sale price of $475,000 and sold in just 12 days on average. Sellers received 99.72% of their asking price, with 261 homes successfully closing during the month. Demand remains strong, and well-priced homes are moving quickly.

Condominiums offered a more affordable option with a median sale price of $289,000. However, condos averaged 49 days on market. Sellers still achieved 99.72% of list price on average, but only 55.92% of listings sold, with 85 closings out of 152 total listings. This segment is showing more balanced conditions and greater opportunity for buyers.

 

What does this mean for you? If you are selling a single-family home, preparation and pricing strategy are critical because buyers are acting fast. If you are buying a condo, you may have more negotiating power and time to evaluate options.

The market is active, but strategy matters. The Huemmer Home Team is your local expert with over 2,100 successful sales. If you are thinking about buying or selling in Dane County, let’s talk about the right approach for you.

 

LPT Realty