Is Madison County, 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 County has remained a Seller's Market.
Housing Prices in Madison County, GA
How much do homes in Madison County, GA cost?
Median Sold Price
$298,920
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Madison County was $298,920 in March 2024, up 3.1% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $350K | $145K | -58.6% |
2 Bedrooms | $207K | $180K | -13.0% |
3 Bedrooms | $269K | $275K | +2.2% |
4 Bedrooms | $345K | $359K | +4.1% |
5+ Bedrooms | $390K | $490.5K | +25.8% |
Summary: Madison County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 58.6%, 2 bedroom homes decreased by 13%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 25.8%.
Median Sold Price Compared To Nearby Counties
Clarke County | $322.1K | $343.8K | +6.7% |
Franklin County | $249.8K | $264.7K | +6.0% |
Oglethorpe County | $279.6K | $296.2K | +5.9% |
Elbert County | $169K | $175K | +3.6% |
Madison County | $289.9K | $298.9K | +3.1% |
Housing Supply in Madison County, GA
How many homes are available in Madison County, GA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
103 | 129 | +25.2% |
Summary: The Madison County real estate market had 129 homes for sale in March 2024, a 25.2% 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 | 5 | 7 | +40.0% |
3 Bedrooms | 61 | 68 | +11.5% |
4 Bedrooms | 30 | 40 | +33.3% |
5+ Bedrooms | 7 | 14 | +100.0% |
Summary: The Madison County 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 40%, 3 bedroom homes increased by 11.5%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
20 | 31 | +55.0% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 31 homes were sold or pending in Madison County in March 2024, up by 55.0% month-over-month. Of the 27 sold homes, 63% were sold under asking, 22% were sold at asking, and 15% were sold over asking.
Days on Market for Madison County, GA
How long does it take to sell a home in Madison County, GA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
50 Days | 46 Days | -7.6% |
Summary: Homes in Madison County had an average of 46 days on market in Mar 2024, down by 7.6% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 31 homes were sold in Madison County; 58% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.