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

Housing Market Conditions



Gauge showing Madison County is a seller's market


Difference Since February 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, IN cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since February 2022


Key Takeaway

Homes in Madison County have sold for 7.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSFeb 2022Feb 2023%
1 $30K$35K
2 $84.2K$98.8K
3 $159K$171.7K
4 $209.8K$248K
5+ $287.2K$281K

Median Sold Price Compared To Nearby Counties

Hancock County
Hamilton County
Delaware County
Madison County
Henry County

How many homes are available in Madison County, IN?

Number of Homes For Sale

Jan 2023Feb 2023%

Homes For Sale By Bedroom Count

# BEDSJan 2023Feb 2023%
1 34
2 8694
3 220218
4 7682
5+ 1515

Number of Homes Sold

Jan 2023Feb 2023%

Asking Price vs. Sold Price

67 Homes Were Sold
Under Asking

27 Homes Were Sold
At Asking

12 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. 63.2% of homes here sold below asking price last month.

Average Sale Time

Feb 2022Feb 2023%
28 Days57 Days+104.2%

Breakdown of Home Sale Times

45 Homes Were Sold
Under 30 Days

32 Homes Were Sold
In 30 - 90 Days

22 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.

About Madison County, IN

There are 413 homes are for sale in Madison County, IN real estate market. The number of homes for sale in Madison County, IN increased by 3.3% between January 2023 and February 2023. In February 2023, listings were on the market for 57 days. During the same period, the median list price in this real estate market was $164,861. Between January 2023 and February 2023, listing prices of homes in this real estate market have seen the following changes: the cost of 1 bedroom properties went up by 16.7%, prices of 2 bedrooms properties increased by 17.3%, prices of 3 bedrooms properties went up by 8%, 4 bedrooms properties prices increased by 18.2%, prices of 5 bedrooms properties decreased by 2.2%. This housing market inventory have changed: the quantity of 1 bedroom homes went up by 33.3%, 2 bedrooms homes became 9.3% more available, 3 bedrooms homes became 0.9% less available, 4 bedrooms homes inventory increased by 7.9%, 5 bedrooms homes inventory did not change. While more than 12 listings in Madison County, IN in February 2023 were sold above asking price, there were more than 27 listings sold at asking price, and more than 67 were sold below.

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