Is Madisonville, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Madisonville is a seller's market

Buyer's
Market

Difference Since November 2021

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

Key Takeaway

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

How much do homes in Madisonville, TN cost?

Median Sold Price

$244,750

$161/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$22,250(+10.0%)

Key Takeaway

Homes in Madisonville have sold for 10% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 --
N/A
2 $148.5K$158K
+6.4%
3 $235K$249.9K
+6.4%
4 $253.7K$323K
+27.3%
5+ $204.4K-
N/A

How many homes are available in Madisonville, TN?

Number of Homes For Sale

Oct 2022Nov 2022%
4041+2.5%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 811
+37.5%
3 2324
+4.3%
4 53
-40.0%
5+ 43
-25.0%

Number of Homes Sold

Oct 2022Nov 2022%
78+14.3%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Madisonville, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

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

About Madisonville, TN

Madisonville, TN has 41 homes on the market. The number of listings in Madisonville, TN increased by 2.5% between October 2022 and November 2022. Between October 2022 and November 2022, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties increased by 0%, prices of 2 bedrooms properties increased by 6.4%, prices of 3 bedrooms properties went up by 6.4%, 4 bedrooms properties became 27.3% more expensive, prices of 5 bedrooms properties increased by 0%. This housing market inventory have changed: 1 bedroom homes did not move, 2 bedrooms homes became 37.5% more available, volume of 3 bedrooms homes went up by 4.3%, the quantity of 4 bedrooms homes went down by 40%, 5 bedrooms homes became 25% less available. In November 2022 more than 0 listings in Madisonville, TN were sold above the asking price. During the same period more than 3 listings were sold at asking price, while more than 5 were sold below.