Is Madison County, 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 County has remained a Seller's Market.
Housing Prices in Madison County, GA
How much do homes in Madison County, GA cost?
Median Sold Price
$300,000
$171/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 $300,000 in April 2024, up 3.5% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $350K | $145K | -58.6% |
2 Bedrooms | $200K | $180K | -10.0% |
3 Bedrooms | $272K | $276.5K | +1.7% |
4 Bedrooms | $352.9K | $360K | +2.0% |
5+ Bedrooms | $409.9K | $490.5K | +19.6% |
Summary: Madison County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 58.6%, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 2%, and 5+ bedroom homes increased by 19.6%.
Median Sold Price Compared To Nearby Counties
Elbert County | $165K | $179.9K | +9.1% |
Clarke County | $321.1K | $345K | +7.4% |
Madison County | $289.9K | $300K | +3.5% |
Franklin County | $254K | $262.5K | +3.3% |
Oglethorpe County | $282K | $279.9K | -0.7% |
Housing Supply in Madison County, GA
How many homes are available in Madison County, GA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
140 | 145 | +3.6% |
Summary: The Madison County real estate market had 145 homes for sale in April 2024, a 3.6% 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 | 10 | 11 | +10.0% |
3 Bedrooms | 74 | 71 | -4.1% |
4 Bedrooms | 43 | 53 | +23.3% |
5+ Bedrooms | 13 | 10 | -23.1% |
Summary: The Madison County 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 increased by 10%, 3 bedroom homes decreased by 4.1%, 4 bedroom homes increased by 23.3%, and 5+ bedroom homes decreased by 23.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
35 | 27 | -22.9% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in Madison County in April 2024, down by 22.9% month-over-month. Of the 26 sold homes, 35% were sold under asking, 23% were sold at asking, and 42% were sold over asking.
Days on Market for Madison County, GA
How long does it take to sell a home in Madison County, GA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
32 Days | 21 Days | -35.3% |
Summary: Homes in Madison County had an average of 21 days on market in Apr 2024, down by 35.3% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 27 homes were sold in Madison County; 78% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.