Is Madison County, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Madison County was a Buyer's Market.
Housing Prices in Madison County, IA
How much do homes in Madison County, IA cost?
Median Sold Price
$267,000
$194/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 $267,000 in March 2024, up 18.7% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $259.9K | $81.5K | -68.6% |
2 Bedrooms | $180.5K | $195K | +8.0% |
3 Bedrooms | $212.7K | $268K | +26.0% |
4 Bedrooms | $277.5K | $345K | +24.3% |
5+ Bedrooms | $385K | $295K | -23.4% |
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 68.6%, 2 bedroom homes increased by 8%, 3 bedroom homes increased by 26%, 4 bedroom homes increased by 24.3%, and 5+ bedroom homes decreased by 23.4%.
Median Sold Price Compared To Nearby Counties
Madison County | $225K | $267K | +18.7% |
Warren County | $285.4K | $305K | +6.9% |
Dallas County | $337.4K | $350.5K | +3.9% |
Housing Supply in Madison County, IA
How many homes are available in Madison County, IA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
63 | 64 | +1.6% |
Summary: The Madison County real estate market had 64 homes for sale in March 2024, a 1.6% 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 | 11 | 12 | +9.1% |
3 Bedrooms | 21 | 24 | +14.3% |
4 Bedrooms | 22 | 18 | -18.2% |
5+ Bedrooms | 9 | 10 | +11.1% |
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 9.1%, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
6 | 13 | +116.7% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Madison County in March 2024, up by 116.7% month-over-month. Of the 13 sold homes, 62% were sold under asking, 31% were sold at asking, and 8% were sold over asking.
Days on Market for Madison County, IA
How long does it take to sell a home in Madison County, IA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
125 Days | 84 Days | -32.4% |
Summary: Homes in Madison County had an average of 84 days on market in Mar 2024, down by 32.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 13 homes were sold in Madison County; 38% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.