Is Madison Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Madison Township is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Madison Township has remained a Seller's Market.

Key Takeaway

Madison Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Madison Township, NC

How much do homes in Madison Township, NC cost?

Median Sold Price

$277,000

$169/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$17,100(+6.6%)

Key Takeaway

Homes in Madison Township have sold for 6.6% more than they did a year ago.

Summary: The median home sold price in Madison Township was $277,000 in May 2024, up 6.6% from last year, and the median price per square foot was $169.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $45K$244.7K
+443.9%
2 $130K$200K
+53.8%
3 $270K$265K
-1.9%
4 $340K$347K
+2.1%
5+ $352.5K$621.5K
+76.3%

Summary: Madison Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 443.9%, 2 bedroom homes increased by 53.8%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 76.3%.

Median Sold Price Compared To Nearby Cities

Washington Township
+7.3%
Madison Township
+6.6%
Mc Leansville
+4.3%
Monroe Township
+2.1%
Browns Summit
-3.7%

Housing Supply in Madison Township, NC

How many homes are available in Madison Township, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
40400.0%

Summary: The Madison Township real estate market had 40 homes for sale in May 2024, the same as April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 47
+75.0%
3 2725
-7.4%
4 97
-22.2%
5+ 01
+100.0%

Summary: The Madison Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 75%, 3 bedroom homes decreased by 7.4%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Apr 2024May 2024CHANGE
1110-9.1%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Madison Township, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.

Summary: A total of 10 homes were sold or pending in Madison Township in May 2024, down by 9.1% month-over-month. Of the 10 sold homes, 30% were sold under asking, 40% were sold at asking, and 30% were sold over asking.

Days on Market for Madison Township, NC

How long does it take to sell a home in Madison Township, NC?

Average Sale Time

May 2023May 2024CHANGE
23 Days20 Days-12.5%

Summary: Homes in Madison Township had an average of 20 days on market in May 2024, down by 12.5% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Madison Township are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 10 homes were sold in Madison Township; 70% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 16 Days Ago

Newest Listings in Madison Township, NC

Nearby Markets to Madison Township, NC

What housing markets are near Madison Township, NC?