Is Madison Township, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Madison Township has remained a Neutral Market.
Housing Prices in Madison Township, IN
How much do homes in Madison Township, IN cost?
Median Sold Price
$222,000
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Madison Township was $222,000 in April 2024, down 8.8% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $137K | N/A |
2 Bedrooms | $145K | $181K | +24.8% |
3 Bedrooms | $243.5K | $229.7K | -5.6% |
4 Bedrooms | $285.3K | $245K | -14.1% |
5+ Bedrooms | - | $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 24.8%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes decreased by 14.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Monroe Township | $180K | $222.5K | +23.6% |
Greencastle Township | $183.9K | $212.5K | +15.5% |
Reelsville | $234K | $225K | -3.8% |
Madison Township | $243.5K | $222K | -8.8% |
Housing Supply in Madison Township, IN
How many homes are available in Madison Township, IN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 18 | +38.5% |
Summary: The Madison Township real estate market had 18 homes for sale in April 2024, a 38.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 1 | 3 | +200.0% |
3 Bedrooms | 6 | 10 | +66.7% |
4 Bedrooms | 5 | 3 | -40.0% |
5+ Bedrooms | 0 | 1 | +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 200%, 3 bedroom homes increased by 66.7%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 3 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
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