Waunakee, Wisconsin Real Estate Market Update
May 2026Created: May 1, 2026 | Last Updated: May 1, 2026
Your May 2026 Waunakee housing market update: an Extreme Seller's Market with 1.68 months of inventory (51 active listings), homes selling in 17 days, and a $440,000 median sale price.
May 2026 Waunakee Market — At a Glance
- Median home price: $440,000 (-16.2% year-over-year)
- Homes sell in: 17 days median (+11 days YoY)
- Market status: Extreme Seller's Market (1.68 months of supply)
- Inventory: 51 active listings with 28 pending (median list-to-pending: 14 days for active inventory)
- YTD pace: 118 sales (+43.9%) with a $489,900 YTD median
- YTD listings delivered: 168 (-7.7% YoY)
- Seller insight: A -16.2% YoY pullback reflects a single-month sample shift; the YTD median tells a more durable story.
Quick Market Facts
Data source: South Central Wisconsin MLS. YTD median: $489,900 (0.0%).
Current conditions. Waunakee is an Extreme Seller's Market as of May 2026, with 1.68 months of supply (51 active listings, 28 pending) and homes going under contract in a median of 17 days. New-listing flow is down -7.7% YTD (168 delivered), keeping the supply side thin and tilting the market toward sellers who price correctly.
Price trends. April's closed median was $440,000 (-16.2% YoY). That month-over-month pullback reflects a higher mix of mid-price closings rather than a broad market reversal — the YTD median ($489,900, 0.0% YoY) is the more durable signal. Average % over asking is running at -0.83% YTD, so most sellers are landing within striking distance of list price rather than well above or below.
Year to date. Waunakee has logged 118 closings through April (+43.9% YoY) with a $489,900 median sale price (0.0% YoY). The pace is roughly tracking last year, with the price line as the cleaner signal of market health.
Inventory Supply Gauge
Months of supply: 1.68 mo (SCWMLS published). Formula: # active listings ÷ 12-month average sales. Active inventory: 51 homes.
Supply by Price Range
Months of supply, active listing count, and 12-month average sales pace by asking-price bracket — directly from the SCWMLS inventory snapshot.
| Asking-Price Range | Active Now | Months Supply | Avg Sales/Mo (12-mo) | Status |
|---|---|---|---|---|
| $100k–$199k | 2 | 6.0 mo | 0/mo | 🟢 Buyer's Market |
| $300k–$399k | 1 | 0.21 mo | 5/mo | 🔴 Extreme Seller's (HOT — under 1 mo) |
| $400k–$499k | 4 | 0.62 mo | 6/mo | 🔴 Extreme Seller's (HOT — under 1 mo) |
| $500k–$599k | 10 | 2.73 mo | 4/mo | Strong Seller's Market |
| $600k–$699k | 9 | 2.16 mo | 4/mo | Strong Seller's Market |
| $700k–$799k | 5 | 2.22 mo | 2/mo | Strong Seller's Market |
| $800k–$899k | 3 | 0.84 mo | 4/mo | 🔴 Extreme Seller's (HOT — under 1 mo) |
| $1M+ | 17 | 4.34 mo | 4/mo | 🟢 Seller's Market |
Neighborhood Velocity (by Zip Code)
| Zip | Median Sale | # Sales | Median DOM | YoY Median |
|---|---|---|---|---|
| 53597 | $444,900 | 25 | 17 days | -16.8% |
| 53704 ⚡ | $359,900 | 2 | 4 days | +2.8% |
⚡ marks the fastest-moving zip in Waunakee for April 2026.
Current Market Conditions
- Supply remains constrained. 1.68 months of inventory (51 active homes) keeps Waunakee firmly in seller's-market territory.
- Single-month median pulled back. -16.2% YoY in April reflects the mix of homes that closed; YTD median is up 0.0%.
- Pace is solid. Median DOM of 17 days reflects an active but not overheated market.
Dane County Comparison — May 2026
| Community | Median Sale | Months Supply | Active Listings | Median DOM |
|---|---|---|---|---|
| Madison | $437,500 | 1.11 mo | 234 | 7 days |
| Middleton | $549,900 | 2.45 mo | 119 | 7 days |
| Sun Prairie | $469,900 | 1.36 mo | 73 | 11 days |
| Waunakee | $440,000 | 1.68 mo | 51 | 17 days |
| DeForest | $605,000 | 1.66 mo | 50 | 19 days |
| Verona | $515,000 | 1.57 mo | 43 | 7 days |
All six Dane County cities tracked in the May 2026 Integrity Homes report set. SCWMLS published values.
Year-Over-Year Snapshot
The Big Picture — John's Take
The April median came in soft for Waunakee, and that headline is going to get the airtime — but it reflects the specific mix of homes that closed, not a directional shift. Year-to-date, the median is at $489,900 (0.0% YoY), which is the cleaner read on where the market actually is.
Supply is still the binding constraint at 1.68 months, and well-priced homes still go fast. Don't read a single soft month as the start of a buyer's market — the underlying conditions haven't changed.
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Market Forecast & Recommendations
Market Outlook
New-listing flow in Waunakee is below last year's YTD pace, so the supply-side squeeze is likely to persist into summer. Look for continued upward pressure on price in the brackets running under 1 month of supply and continued tight DOM for accurately priced homes.
What Sellers Need to Know
- Pricing strategy: Anchor to the $489,900 YTD median and the comp set in your specific price bracket — not last year's peak. Avg % over asking is running -0.83% YTD, so precise list pricing matters more than chasing a premium.
- DOM expectations: Median DOM is 17 days, so plan for a 2–3 week marketing window for properly priced homes. Anything longer is a price/condition signal.
- Prep: Pre-listing inspection, professional photos, and clean staging still differentiate at this price point. The premium for move-in-ready hasn't gone anywhere.
What Buyers Need to Know
- Competition: 1.68 months of supply (51 active listings, 28 pending) means competition is real for the most desirable homes. Expect to act quickly on the right one.
- Pricing strategy: Avg % over asking is -0.83% YTD — that means most homes are landing close to list. Big over-list bids aren't required, but underbids on the most popular homes won't hold.
- Timing: Spring-into-summer typically brings the most listings of the year. If you're waiting for inventory to break loose, this window is your best chance.
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Frequently Asked Questions
For Home Buyers
Is Waunakee still a seller's market?
Yes — with 1.68 months of inventory (51 active listings), Waunakee is an Extreme Seller's Market as of May 2026. Supply remains tight relative to buyer demand, and well-priced homes still move quickly.
Which price range is most competitive in Waunakee?
The $300k–$399k bracket is the tightest at 0.21 months of supply (1 active listings against a 12-month sales pace of 5/month). The $100k–$199k bracket is the loosest at 6.0 months.
Is this a good time to buy in Waunakee?
Spring-into-summer typically brings the most listings of the year. With prices running 0.0% YTD and supply at 1.68 months, waiting for a softer market isn't supported by current data. If you're financially ready and find the right home, the strategy is to act.
How long does it typically take to close in Waunakee?
Median days on market is 17 days for April closings. Add 30–45 days from accepted offer to closing for a typical financed transaction.
For Home Sellers
How long will it take to sell my Waunakee home?
Median DOM is 17 days. Properly priced, well-prepared homes are picking up offers inside two weeks. Homes that sit past 21 days are usually a price or condition signal.
Is this a good time to list in Waunakee?
Yes — supply is at 1.68 months (51 active listings, 28 pending), buyer demand is steady, and average % over asking is running -0.83% YTD. Sellers who price to the comps and prepare the home well are still getting strong outcomes.
- Data snapshot: Reflects closed sales reported to SCWMLS for April 2026.
- Report published: May 2026 — the month this page went live.
- Created: May 1, 2026 — matches
datePublishedin schema, never changes after first publish. - Last updated: May 1, 2026 — matches
dateModifiedin schema; updates if this page is later refreshed. - Coverage area: The Waunakee report reflects closed sales within the Waunakee Community School District boundary, the standard reporting unit used by SCWMLS.
- Source: South Central Wisconsin MLS (SCWMLS).
- Months of supply is calculated by SCWMLS as: # active listings ÷ 12-month average # of sales. Values shown are published directly from the SCWMLS inventory snapshot.
- YTD figures cover January 1 through end of April 2026.
- Data deemed reliable but not guaranteed.