Is Madison, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Madison was a Seller's Market.
Housing Prices in Madison, CT
How much do homes in Madison, CT cost?
Median Sold Price
$650,666
$282/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Madison was $650,666 in February 2024, up 6.2% from last year, and the median price per square foot was $282.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $191.2K | $393.7K | +105.9% |
2 Bedrooms | $384K | $500K | +30.2% |
3 Bedrooms | $530K | $599K | +13.0% |
4 Bedrooms | $750K | $800K | +6.7% |
5+ Bedrooms | $1.1M | $1.1M | -2.1% |
Summary: Madison housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 105.9%, 2 bedroom homes increased by 30.2%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes decreased by 2.1%.
Median Sold Price Compared To Nearby Cities
Killingworth | $450K | $549K | +22.0% |
Clinton | $371.5K | $408.5K | +10.0% |
Durham | $384.5K | $422.5K | +9.9% |
Guilford | $523.5K | $560K | +7.0% |
Madison | $612.5K | $650.6K | +6.2% |
Housing Supply in Madison, CT
How many homes are available in Madison, CT?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
55 | 59 | +7.3% |
Summary: The Madison real estate market had 59 homes for sale in February 2024, a 7.3% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 4 | +100.0% |
2 Bedrooms | 8 | 10 | +25.0% |
3 Bedrooms | 15 | 17 | +13.3% |
4 Bedrooms | 19 | 17 | -10.5% |
5+ Bedrooms | 11 | 11 | 0.0% |
Summary: The Madison housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 13.3%, 4 bedroom homes decreased by 10.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
12 | 9 | -25.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Madison in February 2024, down by 25.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 11% were sold at asking, and 33% were sold over asking.
Days on Market for Madison, CT
We’re sorry, we don't have information for this market at the moment