2017 Dane County Home Sales Statistics
2017 was a great year to own real estate! Here’s a first look at the 2017 numbers. Zillow reports that nationwide property values were up 6.7%. According to the Wisconsin Realtors Association (WRA) as of January 1, median prices in Wisconsin were up 5.8% and Dane county prices were 7.3% over 2016. The number of homes sold on the state and county level remained essentially unchanged with only a slight rise over last year.
I’ll break down the numbers for those living in Madison and it’s suburbs. The charts below are based on data I pulled from the Multiple Listing Service (with a few projections for final December numbers). Every single community in the Madison area had an increase in median sales prices in 2017. How much did the price change in your community? The top 5 communities in Dane County for increased home prices were; Westport at 55.2%, Oregon at 18.2%, Mount Horeb and Windsor tied at 16.6%, and Cross Plains at 15%! I should note, that these are fairly small communities, and while they had a very strong year, it doesn’t necessarily mean that values went up that much. It could just mean that a larger number of higher priced houses were sold or built in 2017. Especially in Westport, there’s a wide range of price points there, and 2016 had an unusually low Median sales price there (so the numbers look a little skewed there).
The communities with the biggest increase in the number of homes sold were; Cross Plains with a 44.8% increase, Madison at 22.5%, Westport at 20%, Verona at 18.4%, and Mount Horeb at 10.8%. It seems more people are moving to the western half of Dane County.
If you are curious how much value your home gained in 2017, feel free to contact us for a free market analysis. Or if you are interested in more detailed housing statistics on specific communities let us know. Since we are based out of Verona, I track Verona, Middleton, and the west side of Madison quite closely, and I’ve been blogging about Verona and Middleton home sales for a couple of years.