Dane County Real Estate Recap 2022 

The real estate market in Dane County saw a decrease in sales of single-family homes and condos in 2022, with 15.4% fewer homes sold for a total of 7,293. This can be attributed to the 14.2% decrease in listings that came onto the market. The low inventory levels also played a role in the decrease in sales. The total number of active homes on the market as of January 1 is only 526.

Interest rates have also increased, currently sitting at over 7%. Although there may be some fluctuation, it is expected that they will stay in the range of 6% to 7%. This increase in interest rates has led to a drop in price appreciation, however, the average and median sale prices for homes and condos in Dane County still saw an increase of 10% or more. The average sale price was $428,579 and the median price was $385,000.



The average number of days on the market in December was 32 days. In 2023, it is expected that home values will continue to appreciate, although at a slower rate than in previous years. Historically, homes appreciate by 4% per year, not 10%. The level of inventory will also play a factor in the number of sales going forward. Interest rates might bounce around until the second or third quarter when we could see a true dip.

If you have any questions about the real estate market in Dane County, feel free to call me at (608) 212-5743 or send an email. I look forward to hearing from you.

Posted by Shawn Kriewaldt on


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