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

Housing Market Conditions



Gauge showing Madison County is a seller's market


Difference Since May 2022

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, IA cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since May 2022


Key Takeaway

Homes in Madison County have sold for 2.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2022May 2023%
1 $222.5K$113K
2 $166.2K$180K
3 $210K$219.3K
4 $269.9K$285K
5+ $358K$376K

Median Sold Price Compared To Nearby Counties

Adair County
Dallas County
Warren County
Madison County

How many homes are available in Madison County, IA?

Number of Homes For Sale

Apr 2023May 2023%

Homes For Sale By Bedroom Count

# BEDSApr 2023May 2023%
1 22
2 1114
3 2734
4 2630
5+ 1111

Number of Homes Sold

Apr 2023May 2023%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Madison County, you may be able to get a good deal. 76.5% of homes here sold below asking price last month.

How long does it take to sell a home in Madison County, IA?

How long does it take to sell a home in Madison County, IA?

Average Sale Time

May 2022May 2023%
12 Days48 Days+295.7%

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

3 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.

What housing markets are near Madison County, IA?

About Madison County, IA

Madison County, IA has 91 homes for sale to choose from. In May 2023 in Madison County, IA there were 18.2% more homes for sale than in April 2023. The median list price of listings available in May 2023 was $227,500, while the average time on the real estate market was 48 days. From April 2023 through May 2023, the following changes in listing prices were observed in this housing market: the cost of 1 bedroom properties went down by 49.2%, 2 bedrooms properties prices increased by 8.3%, 3 bedrooms properties became 4.5% more expensive, the cost of 4 bedrooms properties went up by 5.6%, 5 bedrooms properties prices increased by 5%. This housing market inventory have changed: 1 bedroom homes inventory did not change, the quantity of 2 bedrooms homes went up by 27.3%, volume of 3 bedrooms homes went up by 25.9%, 4 bedrooms homes became 15.4% more available, 5 bedrooms homes did not move. In May 2023 more than 2 listings in Madison County, IA were sold above the asking price. During the same period more than 2 listings were sold at asking price, while more than 13 were sold below.