Is Madison Township, 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 Township has remained a Seller's Market.
Housing Prices in Madison Township, IN
How much do homes in Madison Township, IN cost?
Median Sold Price
$294,500
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Madison Township was $294,500 in March 2024, down 5% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $80.2K | N/A |
2 Bedrooms | $250.2K | $236K | -5.7% |
3 Bedrooms | $285.2K | $255K | -10.6% |
4 Bedrooms | $340K | $315K | -7.4% |
5+ Bedrooms | $418.6K | $350K | -16.4% |
Summary: Madison Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.7%, 3 bedroom homes decreased by 10.6%, 4 bedroom homes decreased by 7.4%, and 5+ bedroom homes decreased by 16.4%.
Median Sold Price Compared To Nearby Cities
Mooresville | $239K | $269.5K | +12.8% |
Camby | $273K | $275K | +0.7% |
Brown Township | $249.9K | $250K | 0.0% |
Madison Township | $310K | $294.5K | -5.0% |
Housing Supply in Madison Township, IN
How many homes are available in Madison Township, IN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
53 | 51 | -3.8% |
Summary: The Madison Township real estate market had 51 homes for sale in March 2024, a 3.8% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 8 | 7 | -12.5% |
3 Bedrooms | 28 | 23 | -17.9% |
4 Bedrooms | 12 | 16 | +33.3% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Madison Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes decreased by 17.9%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
16 | 14 | -12.5% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Madison Township in March 2024, down by 12.5% month-over-month. Of the 14 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
51 Days | 64 Days | +27.3% |
Summary: Homes in Madison Township had an average of 64 days on market in Mar 2024, up by 27.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 14 homes were sold in Madison Township; 29% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.