Is Madison, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Madison has remained a Seller's Market.
Housing Prices in Madison, NC
How much do homes in Madison, NC cost?
Median Sold Price
$322,450
$170/sqft
Based on all homes sold in February 2024.
Difference Since Last Month
Summary: The median home sold price in Madison was $322,450 in February 2024, up 51% from last month, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $171.9K | $268K | +55.9% |
3 Bedrooms | $279.2K | $345K | +23.6% |
4 Bedrooms | $255K | - | N/A |
5+ Bedrooms | - | - | N/A |
Summary: Madison housing prices by bedroom type for February 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 55.9%, 3 bedroom homes increased by 23.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Madison | $213.5K | $322.4K | +51.0% |
Mayodan | $224.5K | $182K | -18.9% |
Housing Supply in Madison, NC
How many homes are available in Madison, NC?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
20 | 19 | -5.0% |
Summary: The Madison real estate market had 19 homes for sale in February 2024, a 5.0% decrease compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 16 | 15 | -6.3% |
4 Bedrooms | 2 | 2 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Madison housing inventory by bedroom type for February 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 6.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
7 | 6 | -14.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Madison in February 2024, down by 14.3% month-over-month. Of the 6 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Madison, NC
How long does it take to sell a home in Madison, NC?
Average Sale Time
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
31 Days | 75 Days | +137.0% |
Summary: Homes in Madison had an average of 75 days on market in Feb 2024, up by 137% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During February 2024, 6 homes were sold in Madison; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.