Is East Madison, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, East Madison has remained a Seller's Market.
Housing Prices in East Madison, FL
How much do homes in East Madison, FL cost?
Median Sold Price
$199,000
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in East Madison was $199,000 in April 2024, up 4.8% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $105K | $130K | +23.8% |
2 Bedrooms | $187.6K | $189.4K | +1.0% |
3 Bedrooms | $300K | $327.4K | +9.2% |
4 Bedrooms | $370K | - | N/A |
5+ Bedrooms | - | - | N/A |
Summary: East Madison housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.8%, 2 bedroom homes increased by 1%, 3 bedroom homes increased by 9.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
Southeast New Port Richey | $220K | $238K | +8.2% |
East Madison | $189.9K | $199K | +4.8% |
Housing Supply in East Madison, FL
How many homes are available in East Madison, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
20 | 22 | +10.0% |
Summary: The East Madison real estate market had 22 homes for sale in April 2024, a 10.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 11 | 13 | +18.2% |
3 Bedrooms | 7 | 4 | -42.9% |
4 Bedrooms | 0 | 1 | +100.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The East Madison housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 18.2%, 3 bedroom homes decreased by 42.9%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 5 | +25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in East Madison in April 2024, up by 25.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for East Madison, FL
How long does it take to sell a home in East Madison, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
28 Days | 59 Days | +106.5% |
Summary: Homes in East Madison had an average of 59 days on market in Apr 2024, up by 106.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in East Madison; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.