Comprehensive Insights into Dane County's Current Housing Market Trends

Selling a home is a major decision, and one of the most frequent questions homeowners ask is, "How long does it take to sell a home in my city?" The answer depends on several factors, including the local market trends, home features, pricing strategy, and the time of year. Below, we’ve broken down the statistics for several cities and towns in Wisconsin, offering insights for potential sellers.

City Insights: Key Statistics for Selling a Home

Waunakee, WI

• Median Days on Market: 75 days (5 more than last month).
• Median Listing Price: $811,200 (2.62% increase).
• Months of Inventory: 2.8 (3.57% increase).
• Total Listings: 49 (16 fewer than last month).
• Pending Listings: 24 (8 fewer than last month).

Why Waunakee?
Waunakee offers high buyer demand due to excellent schools and proximity to Madison. Homes here are selling slightly slower than in peak months but remain highly competitive due to pricing trends.

Oregon, WI

• Median Days on Market: 57 days (1 day less than last month).
• Median Listing Price: $492,400 (3.05% increase).
• Months of Inventory: 3.5 (2.86% decrease).
• Total Listings: 43 (8 fewer than last month).
• Pending Listings: 22 (2 fewer than last month).

Why Oregon?
The market in Oregon is seeing fewer listings and rising prices, pointing to high buyer interest. Sellers can expect homes to sell quickly if priced competitively.

Cottage Grove, WI

• Median Days on Market: 48 days (24 fewer than last month).
• Median Listing Price: $603,600 (8.90% increase).
• Months of Inventory: 2.8 (14.29% increase).
• Total Listings: 30 (7 fewer than last month).
• Pending Listings: 12 (1 fewer than last month).

Why Cottage Grove?
Homes in Cottage Grove are selling faster than ever, and median prices are climbing, reflecting strong buyer demand.

DeForest, WI

• Median Days on Market: 66 days (4 more than last month).
• Median Listing Price: $539,900 (2.78% increase).
• Months of Inventory: 3.8 (15.79% decrease).
• Total Listings: 73 (11 fewer than last month).
• Pending Listings: 27 (3 more than last month).

Why DeForest?
A tightening inventory and rising prices make DeForest a favorable market for sellers. Expect homes to sell within two months on average.

Stoughton, WI

• Median Days on Market: 54 days (2 fewer than last month).
• Median Listing Price: $434,100 (8.60% decrease).
• Months of Inventory: 2.8 (3.57% increase).
• Total Listings: 71 (21 fewer than last month).
• Pending Listings: 27 (14 fewer than last month).

Why Stoughton?
With fewer listings and a drop in prices, Stoughton’s market remains competitive. Homes are selling faster due to strong buyer activity.

Verona, WI

• Median Days on Market: 59 days (12 more than last month).
• Median Listing Price: $584,900 (0.42% increase).
• Months of Inventory: 2.8 (7.14% decrease).
• Total Listings: 55 (30 fewer than last month).
• Pending Listings: 23 (14 fewer than last month).

Why Verona?
A shrinking inventory in Verona points to a competitive market where homes continue to sell despite rising days on market.

Middleton, WI

• Median Days on Market: 121 days (29 more than last month).
• Median Listing Price: $500,200 (0.13% increase).
• Months of Inventory: 3.9 (2.56% increase).
• Total Listings: 67 (14 fewer than last month).
• Pending Listings: 21 (8 fewer than last month).

Why Middleton?
Middleton’s market is slowing slightly, with longer days on market, but competitive pricing and inventory levels remain attractive to buyers.

Sun Prairie, WI

• Median Days on Market: 66 days (6 more than last month).
• Median Listing Price: $498,700 (11.79% increase).
• Months of Inventory: 2.6 (30.77% increase).
• Total Listings: 74 (36 fewer than last month).
• Pending Listings: 37 (15 fewer than last month).

Why Sun Prairie?
Sun Prairie is experiencing climbing prices and limited inventory, making it a hot market for sellers.

Madison, WI

• Median Days on Market: 70 days (12 more than last month).
• Median Listing Price: $423,400 (2.42% decrease).
• Months of Inventory: 1.5 (6.67% decrease).
• Total Listings: 1,423 (388 fewer than last month).
• Pending Listings: 576 (148 fewer than last month).

Why Madison?
As the largest market in Dane County, Madison is seeing constrained inventory and slightly falling prices. However, homes remain in demand with a quick turnover.

Key Takeaways

• Selling times across cities range from 48 to 121 days, depending on location and market trends.
• Cities like Cottage Grove and Stoughton are seeing faster sales, while Middleton is experiencing longer selling times.
• Prices are generally climbing, with median listing prices varying from $434,100 (Stoughton) to $811,200 (Waunakee).

For a personalized selling strategy in Dane County, contact John Reuter, Broker Associate with Integrity Homes, at 608-669-4226 or email john@integrityhomeswi.com

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