Is Madison County, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Madison County has remained a Seller's Market.
Housing Prices in Madison County, IA
How much do homes in Madison County, IA cost?
Median Sold Price
$268,000
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Madison County was $268,000 in June 2024, up 12.1% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $113K | $50K | -55.8% |
2 Bedrooms | $181K | $195K | +7.7% |
3 Bedrooms | $221.7K | $268K | +20.9% |
4 Bedrooms | $340K | $312K | -8.2% |
5+ Bedrooms | $335K | $512.2K | +52.9% |
Summary: Madison County housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 55.8%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 20.9%, 4 bedroom homes decreased by 8.2%, and 5+ bedroom homes increased by 52.9%.
Median Sold Price Compared To Nearby Counties
Clarke County | $179K | $237.5K | +32.7% |
Madison County | $239K | $268K | +12.1% |
Dallas County | $335.4K | $354.9K | +5.8% |
Warren County | $291.3K | $305.1K | +4.7% |
Adair County | $167.5K | $158.5K | -5.4% |
Housing Supply in Madison County, IA
How many homes are available in Madison County, IA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
96 | 88 | -8.3% |
Summary: The Madison County real estate market had 88 homes for sale in June 2024, a 8.3% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 16 | 16 | 0.0% |
3 Bedrooms | 33 | 32 | -3.0% |
4 Bedrooms | 34 | 27 | -20.6% |
5+ Bedrooms | 11 | 11 | 0.0% |
Summary: The Madison County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 3%, 4 bedroom homes decreased by 20.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
16 | 20 | +25.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Madison County in June 2024, up by 25.0% month-over-month. Of the 20 sold homes, 60% were sold under asking, 25% were sold at asking, and 15% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
48 Days | 22 Days | -53.0% |
Summary: Homes in Madison County had an average of 22 days on market in Jun 2024, down by 53% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 20 homes were sold in Madison County; 70% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.