Is Madison Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Madison Township has remained a Seller's Market.
Housing Prices in Madison Township, NC
How much do homes in Madison Township, NC cost?
Median Sold Price
$265,000
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Madison Township was $265,000 in March 2024, down 3.6% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $140K | $212.5K | +51.8% |
2 Bedrooms | $115K | $168.4K | +46.5% |
3 Bedrooms | $285K | $260K | -8.8% |
4 Bedrooms | $340K | $347K | +2.1% |
5+ Bedrooms | $330K | $621.5K | +88.4% |
Summary: Madison Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 51.8%, 2 bedroom homes increased by 46.5%, 3 bedroom homes decreased by 8.8%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 88.4%.
Median Sold Price Compared To Nearby Cities
Mc Leansville | $280K | $300K | +7.1% |
Browns Summit | $339K | $343.3K | +1.3% |
Washington Township | $260K | $263.4K | +1.3% |
Monroe Township | $374.9K | $378.6K | +1.0% |
Madison Township | $275K | $265K | -3.6% |
Housing Supply in Madison Township, NC
How many homes are available in Madison Township, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
35 | 37 | +5.7% |
Summary: The Madison Township real estate market had 37 homes for sale in March 2024, a 5.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 24 | 23 | -4.2% |
4 Bedrooms | 8 | 11 | +37.5% |
5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Madison Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 4.2%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 10 | +25.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Madison Township in March 2024, up by 25.0% month-over-month. Of the 10 sold homes, 60% were sold under asking, 30% were sold at asking, and 10% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
22 Days | 40 Days | +80.4% |
Summary: Homes in Madison Township had an average of 40 days on market in Mar 2024, up by 80.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 10 homes were sold in Madison Township; 50% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.