Is Madera, 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 has remained a Seller's Market.
Housing Prices in Madera, CA
How much do homes in Madera, CA cost?
Median Sold Price
$426,789
$239/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Madera was $426,789 in March 2024, up 5.4% from last year, and the median price per square foot was $239.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $220.5K | $175.5K | -20.4% |
2 Bedrooms | $248.5K | $231.5K | -6.8% |
3 Bedrooms | $383.5K | $400K | +4.3% |
4 Bedrooms | $458.9K | $465K | +1.3% |
5+ Bedrooms | $455K | $490K | +7.7% |
Summary: Madera housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20.4%, 2 bedroom homes decreased by 6.8%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 7.7%.
Housing Supply in Madera, CA
How many homes are available in Madera, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
266 | 254 | -4.5% |
Summary: The Madera real estate market had 254 homes for sale in March 2024, a 4.5% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 10 | 12 | +20.0% |
3 Bedrooms | 136 | 118 | -13.2% |
4 Bedrooms | 77 | 83 | +7.8% |
5+ Bedrooms | 42 | 40 | -4.8% |
Summary: The Madera 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 increased by 20%, 3 bedroom homes decreased by 13.2%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes decreased by 4.8%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
67 | 58 | -13.4% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
23 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Summary: A total of 58 homes were sold or pending in Madera in March 2024, down by 13.4% month-over-month. Of the 58 sold homes, 22% were sold under asking, 40% were sold at asking, and 38% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
37 Days | 44 Days | +18.1% |
Summary: Homes in Madera had an average of 44 days on market in Mar 2024, up by 18.1% compared to last year.
Breakdown of Home Sale Times
35 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Summary: During March 2024, 58 homes were sold in Madera; 60% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.