Is Madera Southeast, CA 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, Madera Southeast has remained a Seller's Market.
Housing Prices in Madera Southeast, CA
How much do homes in Madera Southeast, CA cost?
Median Sold Price
$509,495
$251/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Madera Southeast was $509,495 in March 2024, up 0.9% from last year, and the median price per square foot was $251.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $460.5K | $454.6K | -1.3% |
4 Bedrooms | $557.5K | $532.4K | -4.5% |
5+ Bedrooms | $600K | $558.3K | -6.9% |
Summary: Madera Southeast housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 1.3%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes decreased by 6.9%.
Median Sold Price Compared To Nearby Cities
Friant | $553.7K | $620.4K | +12.0% |
Oakhurst-North Fork | $433.5K | $475K | +9.6% |
Fresno | $380.1K | $384.1K | +1.1% |
Madera Southeast | $505K | $509.4K | +0.9% |
Housing Supply in Madera Southeast, CA
How many homes are available in Madera Southeast, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
39 | 38 | -2.6% |
Summary: The Madera Southeast real estate market had 38 homes for sale in March 2024, a 2.6% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 16 | 14 | -12.5% |
4 Bedrooms | 17 | 17 | 0.0% |
5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Madera Southeast 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 decreased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2 | 8 | +300.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Madera Southeast in March 2024, up by 300.0% month-over-month. Of the 8 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Madera Southeast, CA
How long does it take to sell a home in Madera Southeast, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
41 Days | 37 Days | -11.1% |
Summary: Homes in Madera Southeast had an average of 37 days on market in Mar 2024, down by 11.1% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 8 homes were sold in Madera Southeast; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.