Is Madison County, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer'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
$227,500
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2022
+$6,250(+2.8%)
Key Takeaway
Homes in Madison County have sold for 2.8% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | May 2022 | May 2023 | % |
|---|---|---|---|
| 1 Bedroom | $222.5K | $113K | -49.2% |
| 2 Bedrooms | $166.2K | $180K | +8.3% |
| 3 Bedrooms | $210K | $219.3K | +4.5% |
| 4 Bedrooms | $269.9K | $285K | +5.6% |
| 5+ Bedrooms | $358K | $376K | +5.0% |
Median Sold Price Compared To Nearby Counties
| Adair County | $127.5K | $155K | +21.6% |
| Dallas County | $319.4K | $335.4K | +5.0% |
| Warren County | $274.5K | $286K | +4.2% |
| Madison County | $221.2K | $227.5K | +2.8% |
How many homes are available in Madison County, IA?
Number of Homes For Sale
| Apr 2023 | May 2023 | % |
|---|---|---|
| 77 | 91 | +18.2% |
Homes For Sale By Bedroom Count
| # BEDS | Apr 2023 | May 2023 | % |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 11 | 14 | +27.3% |
| 3 Bedrooms | 27 | 34 | +25.9% |
| 4 Bedrooms | 26 | 30 | +15.4% |
| 5+ Bedrooms | 11 | 11 | 0.0% |
Number of Homes Sold
| Apr 2023 | May 2023 | % |
|---|---|---|
| 10 | 17 | +70.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
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 2022 | May 2023 | % |
|---|---|---|
| 12 Days | 48 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
Key Takeaway
Many homes in Madison County are selling fast, if you're buying plan to act quickly.
