Is Madison County, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Madison County is a seller's market

Buyer's
Market

Difference Since October 2021

Since last year, Madison County has remained a Seller's Market.

Key Takeaway

Madison County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Madison County, GA cost?

Median Sold Price

$285,000

$157/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$48,683(+20.6%)

Key Takeaway

Homes in Madison County have sold for 20.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $130K$370K
+184.6%
2 $185K$195K
+5.4%
3 $230K$264.9K
+15.2%
4 $265K$325K
+22.6%
5+ $399K$402.5K
+0.9%

Median Sold Price Compared To Nearby Counties

Clarke County
+23.4%
Madison County
+20.6%
Oglethorpe County
+15.3%
Elbert County
+10.4%
Franklin County
+7.1%

How many homes are available in Madison County, GA?

Number of Homes For Sale

Sep 2022Oct 2022%
134117-12.7%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 22
0.0%
2 44
0.0%
3 5955
-6.8%
4 5541
-25.5%
5+ 1415
+7.1%

Number of Homes Sold

Sep 2022Oct 2022%
3624-33.3%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Madison County, expect to pay close to the asking price. 36.4% of homes here sold near the asking price last month.

Average Sale Time

Oct 2021Oct 2022%
28 Days46 Days+61.3%

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Madison County are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Madison County, GA

Number of homes for sale in Madison County, GA real estate market have reached 117. In October 2022 in Madison County, GA there were 12.7% less homes for sale than in September 2022. While the average time on the market in October 2022 was 46 days, the median list price was $285,000. Listing prices have changed in this real estate market between September 2022 and October 2022: prices of 1 bedroom properties increased by 184.6%, 2 bedrooms properties became 5.4% more expensive, 3 bedrooms properties became 15.2% more expensive, prices of 4 bedrooms properties increased by 22.6%, 5 bedrooms properties became 0.9% more expensive. Volume of homes for sale changed: 1 bedroom homes did not move, 2 bedrooms homes inventory did not change, number of 3 bedrooms homes decreased by 6.8%, number of 4 bedrooms homes decreased by 25.5%, number of 5 bedrooms homes increased by 7.1%. While more than 7 listings in Madison County, GA in October 2022 were sold above asking price, there were more than 8 listings sold at asking price, and more than 7 were sold below.

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