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Q1 2023: Dane County Real Estate Market Report

Below is your Dane County real estate market update for January-March 2023. It includes information for single-family homes, condos, vacant land, multi-family homes, and commercial properties.

This Dane County Real Estate Market Update Provides:

The real estate market is always changing. If you’re considering buying or selling a house, land, or business in Dane County, it’s important to have accurate, local data to understand what’s going on in the current real estate market.


How’s the real estate market in Dane County, Wisconsin?

Dane-County-WI-Real-Estate-MArket-Update-Q1-2023-Remax-Shine-Realty

Here’s a snapshot of the market for single-family homes in Dane County from January through March 2023.

Next, let’s dive into each real estate category deeper to better understand the market for condos, lots & acreage, multi-family properties, and more. All data below is from the MLS 4/2023.

Single Family Homes in Dane County, WI

# New Homes Listed1,172
Total # Homes on the Market616
Average Days on Market for Active Homes71
Average List Price of Houses For Sale$628,422
# Single-Family Houses Sold801
Average Sold Price$469,482
Sale Price / List Price Ratio100%
Average Days on Market for Sold Homes31

Condos in Dane County, WI

# New Condos Listed353
Total # Condos on the Market146
Average Days on Market for Active Condos114
Average List Price of Condos For Sale$404,952
# Condos Sold260
Average Sold Price$305,403
Sale Price / List Price Ratio100%
Average Days on Market for Sold Condos27

Multi-Family Properties in Dane County, WI

# New Multi-Family Units Listed58
Total # Multi-Family Properties on the Market39
Average Days on Market for Active Multi-Family Properties67
Average List Price of Multi-Family Homes For Sale$713,989
# Multi-Family Houses Sold43
Average Sold Price$506,271
Sale Price / List Price Ratio96%
Average Days on Market for Sold Multi-Family Properties50

Lots & Acreage in Dane County, WI

# New Lots/Acreage Listed363
Total # Land Listings on the Market1,030
Average Days on Market for Active Lots499
Average List Price of Land For Sale$255,692
# Lots & Acreage Sold95
Average Sold Price$174,136
Sale Price / List Price Ratio97%
Average Days on Market for Sold Land431

Commercial Real Estate in Dane County, WI

# New Business/Commercial Listed38
Total # Commercial Properties on the Market105
Average Days on Market for Commercial Properties307
Average List Price of Business Properties For Sale$765,080
# Business Properties Sold23
Average Sold Price$439,052
Sale Price / List Price Ratio104%
Average Days on Market for Sold Business Properties72

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