The following includes statistics and trends for the Sun Prairie single family home market for the years 2000 through 2007. Please visit our single family home snapshot for updates on the Sun Prairie market throughout the 2008 year.
The median sales price for a Sun Prairie home grew from $156,000 in the year 2000 to $223,400 in 2007, for an increase of $67,400 (43%). Home prices for all of Dane County grew by 50% during the same seven year period.
Sold and Expired Listings
Sun Prairie home sales peaked in 2004 at 570 closings. Single family home expired listings grew from 258 in 2004 to 525 in 2007, as the real estate market shifted from a seller's market to a buyer's market.
Listing Success Rate
The listing success rate for Sun Prairie homes ranged between 65% and 72% each of the first five years of the decade. The success rate dipped in 2005, 2006 and again in 2007, where it landed at 44%. The 2007 success rate for all of Dane County was 52%.
Days on Market
The Sun Prairie average days on market for listings that sold grew to 88 days in 2007, compared to 74 days for all of Dane County. The average days on market for listings that expired grew to 146 days, compared to 149 days for all of Dane County.
Total Days on Market Experience
The total days on market experience for Sun Prairie homes grew to 275 days (9 months) in 2007, compared to 210 days (6.9 months) for all of Dane County.
This information is provided courtesy of Dan Miller, Shawn Kriewaldt, Chris Venden, Dasha Shy, and Jodi Shehadi of Keller Williams Realty and DaneCountyMarket.com. For more information, please contact:
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