Is Madison, GA 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, Madison has remained a Seller's Market.
Housing Prices in Madison, GA
How much do homes in Madison, GA cost?
Median Sold Price
$466,875
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Madison was $466,875 in April 2024, up 3.3% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $207K | $359K | +73.4% |
2 Bedrooms | $244.5K | $300K | +22.7% |
3 Bedrooms | $417.5K | $369K | -11.6% |
4 Bedrooms | $465K | $495K | +6.5% |
5+ Bedrooms | $513.6K | $564.9K | +10.0% |
Summary: Madison housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 73.4%, 2 bedroom homes increased by 22.7%, 3 bedroom homes decreased by 11.6%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 10%.
Housing Supply in Madison, GA
How many homes are available in Madison, GA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
61 | 73 | +19.7% |
Summary: The Madison real estate market had 73 homes for sale in April 2024, a 19.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 33 | 42 | +27.3% |
4 Bedrooms | 15 | 16 | +6.7% |
5+ Bedrooms | 10 | 12 | +20.0% |
Summary: The Madison housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 27.3%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 17 | +21.4% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Madison in April 2024, up by 21.4% month-over-month. Of the 16 sold homes, 56% were sold under asking, 31% were sold at asking, and 13% were sold over asking.
Days on Market for Madison, GA
How long does it take to sell a home in Madison, GA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
56 Days | 25 Days | -55.3% |
Summary: Homes in Madison had an average of 25 days on market in Apr 2024, down by 55.3% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 17 homes were sold in Madison; 82% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.