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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Madison Township is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Madison Township has remained a Seller's Market.

Key Takeaway

Madison Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Madison Township, IN

How much do homes in Madison Township, IN cost?

Median Sold Price

$222,000

$148/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$8,250(+3.9%)

Key Takeaway

Homes in Madison Township have sold for 3.9% more than they did a year ago.

Summary: The median home sold price in Madison Township was $222,000 in September 2024, up 3.9% from last year, and the median price per square foot was $148.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $137K$23.5K
-82.8%
2 $148K$204K
+37.8%
3 $229.7K$219.9K
-4.3%
4 $272.5K$233.5K
-14.3%
5+ $218K$600K
+175.2%

Summary: Madison Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 82.8%, 2 bedroom homes increased by 37.8%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 175.2%.

Median Sold Price Compared To Nearby Cities

Madison
+6.7%
Madison Township
+3.9%

Housing Supply in Madison Township, IN

How many homes are available in Madison Township, IN?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
1915-21.1%

Summary: The Madison Township real estate market had 15 homes for sale in September 2024, a 21.1% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 11
0.0%
2 11
0.0%
3 139
-30.8%
4 44
0.0%
5+ 00
0.0%

Summary: The Madison Township housing inventory by bedroom type for September 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 30.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
43-25.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Madison Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Madison Township in September 2024, down by 25.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Madison Township, IN

How long does it take to sell a home in Madison Township, IN?

Average Sale Time

Sep 2023Sep 2024CHANGE
6 Days66 Days+1000.0%

Summary: Homes in Madison Township had an average of 66 days on market in Sep 2024, up by 1000% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Madison Township has remained consistent over time.

Summary: During September 2024, 3 homes were sold in Madison Township; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 6 Days Ago

Newest Listings in Madison Township, IN

Nearby Markets to Madison Township, IN