Is Madison County, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Madison County has remained a Seller's Market.
Housing Prices in Madison County, AR
How much do homes in Madison County, AR cost?
Median Sold Price
$208,000
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Madison County was $208,000 in March 2024, down 15.1% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $140K | $165.6K | +18.3% |
2 Bedrooms | $188.7K | $210K | +11.3% |
3 Bedrooms | $240K | $199.9K | -16.7% |
4 Bedrooms | $304K | $354.5K | +16.6% |
5+ Bedrooms | $635K | $307K | -51.7% |
Summary: Madison County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.3%, 2 bedroom homes increased by 11.3%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 16.6%, and 5+ bedroom homes decreased by 51.7%.
Median Sold Price Compared To Nearby Counties
Carroll County | $241.6K | $257.5K | +6.6% |
Washington County | $319.9K | $335.2K | +4.8% |
Benton County | $350K | $362.1K | +3.5% |
Madison County | $245K | $208K | -15.1% |
Housing Supply in Madison County, AR
How many homes are available in Madison County, AR?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
56 | 64 | +14.3% |
Summary: The Madison County real estate market had 64 homes for sale in March 2024, a 14.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 5 | 0.0% |
2 Bedrooms | 8 | 8 | 0.0% |
3 Bedrooms | 31 | 35 | +12.9% |
4 Bedrooms | 10 | 15 | +50.0% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Madison County housing inventory by bedroom type for March 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 12.9%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 11 | +37.5% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Madison County in March 2024, up by 37.5% month-over-month. Of the 11 sold homes, 73% were sold under asking, 27% were sold at asking, and 0% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
124 Days | 98 Days | -21.4% |
Summary: Homes in Madison County had an average of 98 days on market in Mar 2024, down by 21.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 11 homes were sold in Madison County; 0% of homes were sold within 30 days, 73% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.