Is Madison, GA 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, Madison has remained a Seller's Market.
Housing Prices in Madison, GA
How much do homes in Madison, GA cost?
Median Sold Price
$475,000
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Madison was $475,000 in March 2024, up 8% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $228.5K | $359K | +57.1% |
2 Bedrooms | $244.5K | $300K | +22.7% |
3 Bedrooms | $404.2K | $376.7K | -6.8% |
4 Bedrooms | $440K | $492.9K | +12.0% |
5+ Bedrooms | $533.3K | $539.9K | +1.2% |
Summary: Madison housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 57.1%, 2 bedroom homes increased by 22.7%, 3 bedroom homes decreased by 6.8%, 4 bedroom homes increased by 12%, and 5+ bedroom homes increased by 1.2%.
Housing Supply in Madison, GA
How many homes are available in Madison, GA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
52 | 63 | +21.2% |
Summary: The Madison real estate market had 63 homes for sale in March 2024, a 21.2% increase 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 | 7 | 3 | -57.1% |
3 Bedrooms | 26 | 37 | +42.3% |
4 Bedrooms | 12 | 13 | +8.3% |
5+ Bedrooms | 7 | 10 | +42.9% |
Summary: The Madison 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 decreased by 57.1%, 3 bedroom homes increased by 42.3%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 42.9%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
12 | 14 | +16.7% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Madison in March 2024, up by 16.7% month-over-month. Of the 14 sold homes, 71% were sold under asking, 21% were sold at asking, and 7% were sold over asking.
Days on Market for Madison, GA
How long does it take to sell a home in Madison, GA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
89 Days | 90 Days | +1.6% |
Summary: Homes in Madison had an average of 90 days on market in Mar 2024, up by 1.6% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 14 homes were sold in Madison; 50% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.