Is Madisonville, TN 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, Madisonville has remained a Seller's Market.
Housing Prices in Madisonville, TN
How much do homes in Madisonville, TN cost?
Median Sold Price
$319,900
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Madisonville was $319,900 in April 2024, up 23% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $260K | $160K | -38.5% |
2 Bedrooms | $170K | $202K | +18.8% |
3 Bedrooms | $275K | $330.5K | +20.2% |
4 Bedrooms | $287.4K | $355K | +23.5% |
5+ Bedrooms | $430K | $399.9K | -7.0% |
Summary: Madisonville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 38.5%, 2 bedroom homes increased by 18.8%, 3 bedroom homes increased by 20.2%, 4 bedroom homes increased by 23.5%, and 5+ bedroom homes decreased by 7%.
Housing Supply in Madisonville, TN
How many homes are available in Madisonville, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
100 | 97 | -3.0% |
Summary: The Madisonville real estate market had 97 homes for sale in April 2024, a 3.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 17 | 15 | -11.8% |
3 Bedrooms | 64 | 62 | -3.1% |
4 Bedrooms | 16 | 16 | 0.0% |
5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Madisonville housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 11.8%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
19 | 22 | +15.8% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Madisonville in April 2024, up by 15.8% month-over-month. Of the 22 sold homes, 55% were sold under asking, 18% were sold at asking, and 27% were sold over asking.
Days on Market for Madisonville, TN
How long does it take to sell a home in Madisonville, TN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
40 Days | 41 Days | +1.5% |
Summary: Homes in Madisonville had an average of 41 days on market in Apr 2024, up by 1.5% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 22 homes were sold in Madisonville; 50% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.