Is Waunakee, WI 53597 a buyer’s or seller’s market?

The Waunakee housing market right now

In the three months ending August 31, 2026, 27% of homes in Waunakee, WI 53597 sold above their list price, the typical home went under contract in 59 days and there were 2.5 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 116 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 30%, homes sold about as fast and the median sale price rose 3% to $689,702. Overall, Waunakee is less competitive than a year ago, which gives buyers more room.

Within Dane County, homes here sell more slowly than in 77% of the county’s ZIP codes, and sell less often over asking than in 84%. On our competition score, Waunakee ranks #225 of 319 WI ZIP codes with enough sales (score 55 out of 100).

Nearby, buyers who want less competition could look at Blue Mounds 53517 (0% sold over asking) or Cross Plains 53528 (21% sold over asking), while Dane 53529 (67% sold over asking) and Madison 53715 (63% sold over asking) are even more competitive.