Housing Prices in Madison, MS
How much do homes in Madison, MS cost?
Median List Price
$410,000
$178/sqft
Based on all homes listed in the last 12 months.
Difference Since April 2023
Key Takeaway
The list price of homes in Madison has increased by 2.7% since last year.
Summary: The median home list price in Madison was $410,000 in April 2024, up 2.7% from the previous year, and the median price per square foot was $178.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $421.5K | $348K | -17.4% |
| 2 Bedrooms | $367.4K | $275.8K | -24.9% |
| 3 Bedrooms | $299.9K | $304.9K | +1.7% |
| 4 Bedrooms | $459.9K | $476.9K | +3.7% |
| 5+ Bedrooms | $709.9K | $697K | -1.8% |
Summary: Madison housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.4%, 2 bedroom homes decreased by 24.9%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes decreased by 1.8%.
Median List Price Compared To Nearby Cities
| Madison | $399.2K | $410K | +2.7% |
| Ridgeland | $320K | $324.9K | +1.5% |
Housing Supply in Madison, MS
How many homes are available in Madison, MS?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 379 | 413 | +9.0% |
Summary: The Madison real estate market had 413 homes for sale in April 2024, a 9.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 9 | 11 | +22.2% |
| 3 Bedrooms | 125 | 124 | -0.8% |
| 4 Bedrooms | 169 | 196 | +16.0% |
| 5+ Bedrooms | 74 | 80 | +8.1% |
Summary: The Madison 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 22.2%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes increased by 16%, and 5+ bedroom homes increased by 8.1%.
Days on Market for Madison, MS
How long does it take to sell a home in Madison, MS?
Average Listing Age
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 113 Days | 130 Days | +15.0% |
Summary: Homes in Madison had an average listing age of 130 days in Apr 2024, up by 15% compared to the previous year.
