Is Madera, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Madera has remained a Seller's Market.
Housing Prices in Madera, CA
How much do homes in Madera, CA cost?
Median Sold Price
$428,432
$240/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Madera was $428,432 in April 2024, up 4.5% from last year, and the median price per square foot was $240.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $220.5K | $175.5K | -20.4% |
2 Bedrooms | $250K | $235K | -6.0% |
3 Bedrooms | $385.5K | $400K | +3.8% |
4 Bedrooms | $465K | $465.8K | 0.2% |
5+ Bedrooms | $453.7K | $492.4K | +8.5% |
Summary: Madera housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20.4%, 2 bedroom homes decreased by 6%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes increased by 8.5%.
Housing Supply in Madera, CA
How many homes are available in Madera, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
256 | 256 | 0.0% |
Summary: The Madera real estate market had 256 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 | 1 | 0 | -100.0% |
2 Bedrooms | 14 | 17 | +21.4% |
3 Bedrooms | 116 | 105 | -9.5% |
4 Bedrooms | 85 | 94 | +10.6% |
5+ Bedrooms | 40 | 40 | 0.0% |
Summary: The Madera housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 21.4%, 3 bedroom homes decreased by 9.5%, 4 bedroom homes increased by 10.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
62 | 66 | +6.5% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Summary: A total of 66 homes were sold or pending in Madera in April 2024, up by 6.5% month-over-month. Of the 66 sold homes, 38% were sold under asking, 32% were sold at asking, and 30% were sold over asking.
Days on Market for Madera, CA
How long does it take to sell a home in Madera, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
54 Days | 34 Days | -37.1% |
Summary: Homes in Madera had an average of 34 days on market in Apr 2024, down by 37.1% compared to last year.
Breakdown of Home Sale Times
42 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During April 2024, 66 homes were sold in Madera; 64% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.