Dane County Year In Review Market Update - 2021
Dan Chin
Dan Chin, Team Leader & Sales Director of Dan Chin Homes, has been a longstanding leader in the Madison area business community...
Dan Chin, Team Leader & Sales Director of Dan Chin Homes, has been a longstanding leader in the Madison area business community...
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.