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

Housing Market Conditions



Gauge showing Madison County is a buyer's market


Difference Since March 2023

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

Key Takeaway

Madison County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Madison County, VA

How much do homes in Madison County, VA cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since March 2023


Key Takeaway

Homes in Madison County have sold for 1.5% less than they did a year ago.

Summary: The median home sold price in Madison County was $385,000 in March 2024, down 1.5% from last year, and the median price per square foot was $204.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 -$135K
2 $305K$250K
3 $385.5K$367.2K
4 $432.5K$425K
5+ $1.0M$524.9K

Summary: Madison County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 18%, 3 bedroom homes decreased by 4.7%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes decreased by 50.1%.

Median Sold Price Compared To Nearby Counties

Greene County
Orange County
Culpeper County
Madison County
Page County

Housing Supply in Madison County, VA

How many homes are available in Madison County, VA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE

Summary: The Madison County real estate market had 84 homes for sale in March 2024, a 35.5% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
2 24
3 3346
4 2228
5+ 56

Summary: The Madison County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 39.4%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Madison County, expect to pay close to the asking price. 70% of homes here sold near the asking price last month.

Summary: A total of 10 homes were sold or pending in Madison County in March 2024, up by 150.0% month-over-month. Of the 10 sold homes, 30% were sold under asking, 70% were sold at asking, and 0% were sold over asking.

Days on Market for Madison County, VA

How long does it take to sell a home in Madison County, VA?

Average Sale Time

Mar 2023Mar 2024CHANGE
9 Days58 Days+536.8%

Summary: Homes in Madison County had an average of 58 days on market in Mar 2024, up by 536.8% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

3 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 March 2024, 10 homes were sold in Madison County; 40% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 30% 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 18 Days Ago

Newest Listings in Madison County, VA

Nearby Markets to Madison County, VA

What housing markets are near Madison County, VA?