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 April 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

$216,500

$135/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$8,500(-3.8%)

Key Takeaway

Homes in Madison Township have sold for 3.8% less than they did a year ago.

Summary: The median home sold price in Madison Township was $216,500 in April 2024, down 3.8% from last year, and the median price per square foot was $135.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 -$137K
N/A
2 $145K$163.5K
+12.8%
3 $236.7K$224.7K
-5.1%
4 $272.5K$243K
-10.8%
5+ -$218K
N/A

Summary: Madison Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.8%, 3 bedroom homes decreased by 5.1%, 4 bedroom homes decreased by 10.8%, and 5+ bedroom homes did not change.

Housing Supply in Madison Township, IN

How many homes are available in Madison Township, IN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1113+18.2%

Summary: The Madison Township real estate market had 13 homes for sale in April 2024, a 18.2% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 11
0.0%
2 02
+100.0%
3 67
+16.7%
4 42
-50.0%
5+ 01
+100.0%

Summary: The Madison Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
330.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was 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. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Madison Township in April 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for Madison Township, IN

We’re sorry, we don't have information for this market at the moment

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

Report Updated 2 Days Ago

Newest Listings in Madison Township, IN

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