What's Driving Home Prices in Waunakee, Wisconsin This Month? (January 2026)
What's Driving Home Prices in Waunakee, Wisconsin This Month? (January 2026)
Question: What's driving home prices in Waunakee this month?
Answer: In January 2026, home prices in Waunakee are being driven by extreme seller's market conditions, a December sales surge (+66.7% YoY), and a critical shortage in the $500k–$599k range. The full-year 2025 median was $599,000, with just 51 active listings and 1.90 months of supply. Data Source: South Central Wisconsin MLS (SCWMLS) market data, as published by Integrity Homes. Last updated:
- Full-Year 2025 Median: $599,000 (+2.4% YoY)
- December Median: $455,000
- Average Sale Price: $632,133
- Price per Square Foot: $235
- Median Days on Market: 26 days
- Active Inventory: 51 homes
- Months of Supply: 1.90 months
Home prices in Waunakee don't move randomly — they react to inventory, demand, interest rates, and seasonal trends. If you're trying to time a move, it helps to understand what's behind the numbers. Here's what the January 2026 data shows.
Data source: South Central Wisconsin MLS (SCWMLS) market data, as published on IntegrityHomesWI.com.
Want the complete breakdown?
See the full Waunakee market report with the same stats used in this post.
View the Waunakee Market OverviewWhat's Happening With Waunakee Home Prices Right Now
December closings reveal a market with strong underlying demand despite seasonal factors. Here's the quick pricing snapshot for January 2026:
- Full-Year 2025 Median: $599,000 (+2.4% YoY)
- December Median: $455,000 (reflects sales mix, not market decline)
- Average Sale Price: $632,133
- Price per Square Foot: $235
- Median Days on Market: 26 days
- Active Inventory: 51 homes
- Months of Supply: 1.90 months
Want to see how these prices look in real listings?
Browse current listings and compare list price vs. sold trends over time.
Browse Waunakee homes for saleWhat's Pushing Prices Up in Waunakee
Prices tend to rise when demand outpaces supply. In Waunakee, the biggest factors supporting prices include:
- Extreme seller's market: just 1.90 months of supply vs. 4–6 months for balance
- December sales surge: 30 sales (+66.7% YoY) — buyers didn't hibernate
- $500k–$599k shortage: only 3 listings in this hot zone (0.77 mo supply)
- Location appeal: strong long-term demand for Waunakee schools and community
What's Keeping Prices From Rising Faster
Even with strong demand, a few factors are moderating price growth:
- More inventory than Madison: Waunakee's 1.90 mo supply offers 2.5× more options than Madison's 0.77 mo
- Affordability pressure: interest rates and payments influence buyer ceilings
- Slight negotiating room: homes selling at 0.98% under ask on average
These factors suggest Waunakee remains a strong seller's market, but one where pricing accuracy and presentation matter more than ever.
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Get the Waunakee Market PDFFrequently Asked Questions About Waunakee Home Prices
What is driving home prices in Waunakee, WI right now?
In January 2026, Waunakee home prices are primarily driven by extreme seller's market conditions (1.90 months supply), a December sales surge (+66.7% YoY), and a critical shortage in the $500k–$599k range with only 3 listings.
Are home prices rising in Waunakee, WI?
Yes. The full-year 2025 median was $599,000, up 2.4% year-over-year. While December's median of $455,000 appears lower, this reflects sales mix variation rather than market decline.
Does inventory affect home prices in Waunakee?
Yes — significantly. With only 51 active listings and 1.90 months of supply, buyers compete for limited homes. The $500k–$599k range has just 3 listings, creating intense competition in that bracket.
What is the median home price in Waunakee right now?
The full-year 2025 median was $599,000 (+2.4% YoY). The rolling 60-day median is $570,000, providing a stable market value indicator. December closings had a median of $455,000.
What is the price per square foot in Waunakee?
The current price per square foot in Waunakee is $235, though this varies by neighborhood and property type.
How fast are homes selling in Waunakee?
Homes in Waunakee are selling in a median of 26 days in January 2026, which is 7 days longer than last year but still relatively fast for a premium market.
Wisconsin-based real estate advisor and U.S. Air Force veteran. John shares monthly housing market insights across Dane County to help buyers and sellers make informed decisions.
Call/Text: 608-669-4226 | Email: john@integrityhomeswi.com
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