Is Madeira, OH 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, Madeira has remained a Buyer's Market.
Key Takeaway
Madeira is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
How much do homes in Madeira, OH cost?
Median Sold Price
$980,000
$225/sqft
Based on all homes sold in February 2023.
Difference Since Last Month
+$630,500(+180.4%)
Key Takeaway
Homes in Madeira have sold for 180.4% more than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS | Jan 2023 | Feb 2023 | % |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $235K | - | N/A |
| 3 Bedrooms | $349.5K | $1.0M | +190.8% |
| 4 Bedrooms | $805.1K | $825K | +2.5% |
| 5+ Bedrooms | - | $980K | N/A |
Median Sold Price Compared To Nearby Cities
| Madeira | $349.5K | $980K | +180.4% |
| The Village of Indian Hill | $1.7M | $2.9M | +64.8% |
| Columbia Township | $290K | $372K | +28.3% |
| Sycamore Township | $234K | $260.5K | +11.3% |
| Silverton | $220K | $210K | -4.5% |
How many homes are available in Madeira, OH?
Number of Homes For Sale
| Jan 2023 | Feb 2023 | % |
|---|---|---|
| 42 | 45 | +7.1% |
Homes For Sale By Bedroom Count
| # BEDS | Jan 2023 | Feb 2023 | % |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 14 | 16 | +14.3% |
| 4 Bedrooms | 19 | 21 | +10.5% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Number of Homes Sold
| Jan 2023 | Feb 2023 | % |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Madeira, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Average Sale Time
| Jan 2023 | Feb 2023 | % |
|---|---|---|
| 158 Days | 42 Days | -73.2% |
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Madeira are selling fast, if you're buying plan to act quickly.
This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Real estate listings held by other brokerage firms are marked with the BR logo and detailed information about them includes the name of the listing brokers. Copyright ©2023 by the Multiple Listing Service of Greater Cincinnati, Inc. All rights reserved. For the most current information, contact your Broker.