Is Madera, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 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
$425,052
$239/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Madera was $425,052 in February 2024, up 5% from last year, and the median price per square foot was $239.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $220.5K | $220K | -0.2% |
2 Bedrooms | $239K | $233.2K | -2.4% |
3 Bedrooms | $385K | $400K | +3.9% |
4 Bedrooms | $463.3K | $465.3K | 0.4% |
5+ Bedrooms | $450K | $510K | +13.3% |
Summary: Madera housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.2%, 2 bedroom homes decreased by 2.4%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes increased by 13.3%.
Housing Supply in Madera, CA
How many homes are available in Madera, CA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
244 | 256 | +4.9% |
Summary: The Madera real estate market had 256 homes for sale in February 2024, a 4.9% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 12 | 8 | -33.3% |
3 Bedrooms | 120 | 135 | +12.5% |
4 Bedrooms | 70 | 77 | +10.0% |
5+ Bedrooms | 41 | 35 | -14.6% |
Summary: The Madera housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 10%, and 5+ bedroom homes decreased by 14.6%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
35 | 64 | +82.9% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
29 Homes Were Sold
Over Asking
Summary: A total of 64 homes were sold or pending in Madera in February 2024, up by 82.9% month-over-month. Of the 64 sold homes, 38% were sold under asking, 17% were sold at asking, and 45% 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
37 Days | 32 Days | -14.0% |
Summary: Homes in Madera had an average of 32 days on market in Feb 2024, down by 14% compared to last year.
Breakdown of Home Sale Times
41 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During February 2024, 64 homes were sold in Madera; 64% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.