Is Madison Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$291,000
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Madison Township was $291,000 in June 2024, up 11.9% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $45K | $244.7K | +443.9% |
2 Bedrooms | $125K | $200K | +60.0% |
3 Bedrooms | $267.5K | $272.4K | +1.9% |
4 Bedrooms | $340K | $362K | +6.5% |
5+ Bedrooms | $615K | $376K | -38.8% |
Summary: Madison Township housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 443.9%, 2 bedroom homes increased by 60%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes decreased by 38.8%.
Median Sold Price Compared To Nearby Cities
Madison Township | $259.9K | $291K | +11.9% |
Washington Township | $250K | $266.2K | +6.5% |
Mc Leansville | $290K | $305K | +5.2% |
Monroe Township | $375.5K | $385.4K | +2.6% |
Browns Summit | $342K | $326.5K | -4.5% |
Housing Supply in Madison Township, NC
How many homes are available in Madison Township, NC?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
42 | 46 | +9.5% |
Summary: The Madison Township real estate market had 46 homes for sale in June 2024, a 9.5% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 6 | 4 | -33.3% |
3 Bedrooms | 25 | 30 | +20.0% |
4 Bedrooms | 10 | 9 | -10.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Madison Township housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
12 | 11 | -8.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Madison Township in June 2024, down by 8.3% month-over-month. Of the 11 sold homes, 36% were sold under asking, 18% were sold at asking, and 45% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
18 Days | 26 Days | +40.7% |
Summary: Homes in Madison Township had an average of 26 days on market in Jun 2024, up by 40.7% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During June 2024, 11 homes were sold in Madison Township; 82% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.