We'll be publishing our Dane County single family home report real soon. In the meantime, here's our latest look at home prices in the Madison area.
Price per square foot, average price, and median price
Madison area home prices continued to rise in the month of March, and by all measures. The price per square foot rose to $217, up 4% from the year before. The average price rose to $482,939 (up 10%). And the median price rose to $426,500 (up 8%).
Prices by price range
This chart shows Dane County home prices by percentile, from the 10th percentile all the way up to the 90th. As the graph shows, March home prices are up at every point along the price spectrum -- at the low end, at the mid-range, and at the high-end, too.
The takeaway
You'll see many headlines right now which suggest that prices are falling, but when you dig a little deeper you'll also see that those headlines apply to other markets. This is just another example of why it's so important to rely on a trusted, local source for your real estate information.
Do you have questions about buying, selling, or the state of the market? We're always available for a conversation, and we'd love to help.
