Is Madison County, OH 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 Seller's Market.
Housing Prices in Madison County, OH
How much do homes in Madison County, OH cost?
Median Sold Price
$364,266
$186/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 $364,266 in February 2024, up 10.2% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $71K | $198K | +178.9% |
2 Bedrooms | $179.9K | $210K | +16.7% |
3 Bedrooms | $273.7K | $300K | +9.6% |
4 Bedrooms | $465.4K | $519.1K | +11.5% |
5+ Bedrooms | $609.6K | $784K | +28.6% |
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 178.9%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes increased by 28.6%.
Median Sold Price Compared To Nearby Counties
Madison County | $330.5K | $364.2K | +10.2% |
Clark County | $170.8K | $183K | +7.1% |
Franklin County | $284.1K | $300K | +5.6% |
Union County | $315K | $325.1K | +3.2% |
Champaign County | $215K | $218.9K | +1.8% |
Housing Supply in Madison County, OH
How many homes are available in Madison County, OH?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
189 | 197 | +4.2% |
Summary: The Madison County real estate market had 197 homes for sale in February 2024, a 4.2% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 18 | 13 | -27.8% |
3 Bedrooms | 81 | 87 | +7.4% |
4 Bedrooms | 53 | 59 | +11.3% |
5+ Bedrooms | 34 | 35 | +2.9% |
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 decreased by 27.8%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes increased by 2.9%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
30 | 34 | +13.3% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 34 homes were sold or pending in Madison County in February 2024, up by 13.3% month-over-month. Of the 34 sold homes, 38% were sold under asking, 38% were sold at asking, and 24% were sold over asking.
Days on Market for Madison County, OH
How long does it take to sell a home in Madison County, OH?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
48 Days | 46 Days | -4.8% |
Summary: Homes in Madison County had an average of 46 days on market in Feb 2024, down by 4.8% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During February 2024, 34 homes were sold in Madison County; 68% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.