Is Madison / Eastend, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Madison / Eastend was a Seller's Market.
Housing Prices in Madison / Eastend, MD
How much do homes in Madison / Eastend, MD cost?
Median Sold Price
$91,000
$120/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Madison / Eastend was $91,000 in March 2024, down 13.3% from last year, and the median price per square foot was $120.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $79.5K | $103.5K | +30.2% |
3 Bedrooms | $105K | $85K | -19.0% |
4 Bedrooms | $270.6K | $192.5K | -28.9% |
5+ Bedrooms | $135K | - | N/A |
Summary: Madison / Eastend 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 increased by 30.2%, 3 bedroom homes decreased by 19%, 4 bedroom homes decreased by 28.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
Ellwood Park / Monument | $96.5K | $112.5K | +16.6% |
East | $135.6K | $123.8K | -8.7% |
Madison / Eastend | $105K | $91K | -13.3% |
Housing Supply in Madison / Eastend, MD
How many homes are available in Madison / Eastend, MD?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
62 | 61 | -1.6% |
Summary: The Madison / Eastend real estate market had 61 homes for sale in March 2024, a 1.6% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 12 | 12 | 0.0% |
3 Bedrooms | 41 | 40 | -2.4% |
4 Bedrooms | 8 | 8 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Madison / Eastend housing inventory by bedroom type for March 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 2.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2 | 3 | +50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Madison / Eastend in March 2024, up by 50.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Madison / Eastend, MD
How long does it take to sell a home in Madison / Eastend, MD?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
71 Days | 44 Days | -37.8% |
Summary: Homes in Madison / Eastend had an average of 44 days on market in Mar 2024, down by 37.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 3 homes were sold in Madison / Eastend; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.