Is Madison County, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Madison County was a Seller's Market.
Housing Prices in Madison County, AR
How much do homes in Madison County, AR cost?
Median Sold Price
$212,500
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Madison County was $212,500 in April 2024, down 15% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $140K | $165.6K | +18.3% |
2 Bedrooms | $229K | $210K | -8.3% |
3 Bedrooms | $245K | $200K | -18.4% |
4 Bedrooms | $309.5K | $386K | +24.7% |
5+ Bedrooms | $635K | $307K | -51.7% |
Summary: Madison County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.3%, 2 bedroom homes decreased by 8.3%, 3 bedroom homes decreased by 18.4%, 4 bedroom homes increased by 24.7%, and 5+ bedroom homes decreased by 51.7%.
Median Sold Price Compared To Nearby Counties
Carroll County | $240K | $259K | +7.9% |
Washington County | $319.6K | $338.9K | +6.0% |
Benton County | $349.9K | $364.4K | +4.1% |
Madison County | $250K | $212.5K | -15.0% |
Housing Supply in Madison County, AR
How many homes are available in Madison County, AR?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
58 | 58 | 0.0% |
Summary: The Madison County real estate market had 58 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 3 | -40.0% |
2 Bedrooms | 7 | 6 | -14.3% |
3 Bedrooms | 30 | 34 | +13.3% |
4 Bedrooms | 15 | 14 | -6.7% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Madison County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 13.3%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 8 | -27.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Madison County in April 2024, down by 27.3% month-over-month. Of the 8 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% were sold over asking.
Days on Market for Madison County, AR
How long does it take to sell a home in Madison County, AR?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
111 Days | 120 Days | +7.9% |
Summary: Homes in Madison County had an average of 120 days on market in Apr 2024, up by 7.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in Madison County; 13% of homes were sold within 30 days, 63% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.