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The following includes statistics and trends for the years 2000 through 2007 for the Sun Prairie condo market. Please visit our condo snapshot for updates on the Sun Prairie condo market throughout the 2008 year.
Sales Price
The median sales price for a Sun Prairie condo peaked in 2005 at $169,125. The median price in 2007 was $162,019.
Sold and Expired Listings
Sun Prairie condo sales peaked in 2005 at 194 closings. Sun Prairie condo expired listings grew from 58 in 2004 to 280 in 2007, as the market shifted.
Listing Success Rate
The listing success rate for Sun Prairie condos ranged between 69% and 91% from 2000 to 2004. The success rate decreased in 2005, 2006 and again in 2007, dipping to 36%. The 2007 success rate for all of Dane County was 40%.
Days on Market
The Sun Prairie average days on market for condo listings that sold was 132 days in 2007, compared to 146 days for all of Dane County. The average days on market for condo listings that expired was 182 days, compared to 241 days for all of Dane County.
Total Days on Market Experience
The total days on market experience for Sun Prairie condos grew to 455 days (15 months) in 2007, compared to 502 days (16.5 months) for all of Dane County.
About us
This market update is provided courtesy of Dan Miller and Shawn Kriewaldt of Keller Williams Realty and DaneCountyMarket.com. For more information, please contact Dan at 608-852-7071 (danielmiller@kw.com) or Shawn at 608-212-5743 shawnkriewaldt@kw.com). Don't forget: if you're buying or selling, whether your timeline is 3 months or 3 years, we can help.
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