Is Madison County, IN 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, IN
How much do homes in Madison County, IN cost?
Median Sold Price
$187,453
$117/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 $187,453 in March 2024, up 10.9% from last year, and the median price per square foot was $117.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $42K | $45K | +7.1% |
2 Bedrooms | $101.5K | $106.7K | +5.2% |
3 Bedrooms | $175.3K | $194.3K | +10.8% |
4 Bedrooms | $252K | $282.5K | +12.1% |
5+ Bedrooms | $284.5K | $369K | +29.7% |
Summary: Madison County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.1%, 2 bedroom homes increased by 5.2%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes increased by 29.7%.
Median Sold Price Compared To Nearby Counties
Henry County | $134.9K | $151.5K | +12.2% |
Madison County | $169K | $187.4K | +10.9% |
Hamilton County | $395.9K | $415.6K | +5.0% |
Delaware County | $143.1K | $144.9K | +1.3% |
Hancock County | $334.7K | $336.8K | +0.6% |
Housing Supply in Madison County, IN
How many homes are available in Madison County, IN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
458 | 489 | +6.8% |
Summary: The Madison County real estate market had 489 homes for sale in March 2024, a 6.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 6 | +100.0% |
2 Bedrooms | 103 | 110 | +6.8% |
3 Bedrooms | 229 | 244 | +6.6% |
4 Bedrooms | 84 | 95 | +13.1% |
5+ Bedrooms | 39 | 34 | -12.8% |
Summary: The Madison County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 6.8%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 13.1%, and 5+ bedroom homes decreased by 12.8%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
107 | 134 | +25.2% |
Asking Price vs. Sold Price
76 Homes Were Sold
Under Asking
28 Homes Were Sold
At Asking
30 Homes Were Sold
Over Asking
Summary: A total of 134 homes were sold or pending in Madison County in March 2024, up by 25.2% month-over-month. Of the 134 sold homes, 57% were sold under asking, 21% were sold at asking, and 22% were sold over asking.
Days on Market for Madison County, IN
How long does it take to sell a home in Madison County, IN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
55 Days | 38 Days | -30.9% |
Summary: Homes in Madison County had an average of 38 days on market in Mar 2024, down by 30.9% compared to last year.
Breakdown of Home Sale Times
80 Homes Were Sold
Under 30 Days
33 Homes Were Sold
In 30 - 90 Days
17 Homes Were Sold
Over 90 Days
Summary: During March 2024, 134 homes were sold in Madison County; 60% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.