Is Madison County, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Madison County is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Madison County has remained a Seller's Market.

Key Takeaway

Madison County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$33,711(+10.2%)

Key Takeaway

Homes in Madison County have sold for 10.2% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 $71K$198K
+178.9%
2 $179.9K$210K
+16.7%
3 $273.7K$300K
+9.6%
4 $465.4K$519.1K
+11.5%
5+ $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
+10.2%
Clark County
+7.1%
Franklin County
+5.6%
Union County
+3.2%
Champaign County
+1.8%

Housing Supply in Madison County, OH

How many homes are available in Madison County, OH?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
189197+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

# BEDSJan 2024Feb 2024CHANGE
1 33
0.0%
2 1813
-27.8%
3 8187
+7.4%
4 5359
+11.3%
5+ 3435
+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 2024Feb 2024CHANGE
3034+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Madison County, you may be able to get a good deal. 38.2% of homes here sold below asking price last month.

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 2023Feb 2024CHANGE
48 Days46 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Madison County are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in Madison County, OH

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