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Dane County Year In Review Market Update - 2021

Dan Chin

Dan Chin, President and Seller Representative Specialist of Dan Chin Homes, has been a longstanding leader in the Madison area business community...

Dan Chin, President and Seller Representative Specialist of Dan Chin Homes, has been a longstanding leader in the Madison area business community...

Jan 18 2 minutes read

2021 was quite the year! 

Between August 2020 and August 2021, home prices across the United States and Canada rose to record levels, with the U.S. housing market rising to a record of 19.9% and the Canadian housing market rising to a record 21.4%

2022 stands to be another strong year for sellers. If you're thinking about selling your home, being aware of the trends in the market will help you understand the strength of the market. 

Our 2021 Year in Review market update showcases everything you need to know about local real estate trends as we head into the new year. 

Our Team's 2021 In Review

$110,153,358

Total Sales Volume

310

Homes Sold

Our Market 2021 Year in Review



Single Family Homes

0.4 Months of Supply

This is a Seller's market.

6,959

New Listings

Down 1.4% from 2020

421

Currently Under Contract

217

Current Active Listings

6,715

Closed Sales

Up 0.2% from 2020


Single Family Homes Sold

101%

Sale-to-List Price


 

$418,811

Average Sales Price

Up 10.7% from 2020

6

Median Days on Market

Down 1 day from 2020

Condos



0.6 Months of Supply

This is a Seller's market.

1,940

New Listings

Down 4.9% from 2020

151

Currently Under Contract

85

Current Active Listings

1,872

Closed Sales

Up 0.5% from 2020


Condominium Homes Sold

101%

Sale-to-List Price


 

$273,091

Average Sales Price

Up 11.9% from 2020

6

Median Days on Market

Down 3 days from 2020

Curious about how your home's value changed in 2021?

We will gladly prepare a Comparative Market Analysis for you so that you are armed with the most current information heading into 2022.

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