Is Madison South, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Madison South has remained a Seller's Market.
Key Takeaway
Madison South is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Madison South, OR
How much do homes in Madison South, OR cost?
Median Sold Price
$430,000
$297/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Madison South have sold for 0.6% less than they did a year ago.
Summary: The median home sold price in Madison South was $430,000 in April 2024, down 0.6% from last year, and the median price per square foot was $297.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $290K | $250K | -13.8% |
| 2 Bedrooms | $402.5K | $390K | -3.1% |
| 3 Bedrooms | $437K | $438.9K | 0.4% |
| 4 Bedrooms | $560K | $460K | -17.9% |
| 5+ Bedrooms | $685K | $552.4K | -19.4% |
Summary: Madison South housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.8%, 2 bedroom homes decreased by 3.1%, 3 bedroom homes increased by 0.4%, 4 bedroom homes decreased by 17.9%, and 5+ bedroom homes decreased by 19.4%.
Housing Supply in Madison South, OR
How many homes are available in Madison South, OR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 20 | 25 | +25.0% |
Summary: The Madison South real estate market had 25 homes for sale in April 2024, a 25.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 4 | 7 | +75.0% |
| 3 Bedrooms | 11 | 12 | +9.1% |
| 4 Bedrooms | 4 | 6 | +50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Madison South housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 75%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 6 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Madison South, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Madison South in April 2024, down by 33.3% month-over-month. Of the 6 sold homes, 17% were sold under asking, 33% were sold at asking, and 50% were sold over asking.
Days on Market for Madison South, OR
How long does it take to sell a home in Madison South, OR?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 11 Days | 68 Days | +498.6% |
Summary: Homes in Madison South had an average of 68 days on market in Apr 2024, up by 498.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Madison South are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 6 homes were sold in Madison South; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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