Is Madison County, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Madison County has remained a Buyer's Market.
Housing Prices in Madison County, NY
How much do homes in Madison County, NY cost?
Median Sold Price
$219,437
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Madison County was $219,437 in February 2024, up 1.1% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $75K | $178.4K | +137.9% |
2 Bedrooms | $140.4K | $156K | +11.1% |
3 Bedrooms | $196.2K | $217.7K | +11.0% |
4 Bedrooms | $259.9K | $279.5K | +7.5% |
5+ Bedrooms | $275.1K | $255K | -7.3% |
Summary: Madison County housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 137.9%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 11%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes decreased by 7.3%.
Median Sold Price Compared To Nearby Counties
Onondaga County | $205.1K | $221.5K | +8.0% |
Oswego County | $158.9K | $169.9K | +7.0% |
Madison County | $217K | $219.4K | +1.1% |
Oneida County | $185K | $185K | 0% |
Housing Supply in Madison County, NY
How many homes are available in Madison County, NY?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
180 | 169 | -6.1% |
Summary: The Madison County real estate market had 169 homes for sale in February 2024, a 6.1% decrease compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 17 | 17 | 0.0% |
3 Bedrooms | 82 | 78 | -4.9% |
4 Bedrooms | 54 | 55 | +1.9% |
5+ Bedrooms | 25 | 17 | -32.0% |
Summary: The Madison County 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 4.9%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes decreased by 32%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
34 | 19 | -44.1% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Madison County in February 2024, down by 44.1% month-over-month. Of the 19 sold homes, 58% were sold under asking, 11% were sold at asking, and 32% were sold over asking.
Days on Market for Madison County, NY
How long does it take to sell a home in Madison County, NY?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
50 Days | 55 Days | +11.2% |
Summary: Homes in Madison County had an average of 55 days on market in Feb 2024, up by 11.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During February 2024, 19 homes were sold in Madison County; 37% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.