Is Madison County, IN 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 County has remained a Seller's Market.
Housing Prices in Madison County, IN
How much do homes in Madison County, IN cost?
Median Sold Price
$185,301
$116/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Madison County was $185,301 in April 2024, up 8.9% from last year, and the median price per square foot was $116.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $41.5K | $45K | +8.4% |
2 Bedrooms | $105K | $110K | +4.8% |
3 Bedrooms | $179.1K | $191.4K | +6.8% |
4 Bedrooms | $254.6K | $273K | +7.2% |
5+ Bedrooms | $300K | $370K | +23.3% |
Summary: Madison County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.4%, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes increased by 23.3%.
Median Sold Price Compared To Nearby Counties
Henry County | $135.4K | $157.2K | +16.1% |
Madison County | $170K | $185.3K | +8.9% |
Hamilton County | $399.9K | $415.7K | +4.0% |
Delaware County | $144.2K | $144.9K | 0.5% |
Hancock County | $334.5K | $336.2K | 0.5% |
Housing Supply in Madison County, IN
How many homes are available in Madison County, IN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
497 | 483 | -2.8% |
Summary: The Madison County real estate market had 483 homes for sale in April 2024, a 2.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 6 | 0.0% |
2 Bedrooms | 108 | 106 | -1.9% |
3 Bedrooms | 247 | 242 | -2.0% |
4 Bedrooms | 97 | 90 | -7.2% |
5+ Bedrooms | 39 | 39 | 0.0% |
Summary: The Madison County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 1.9%, 3 bedroom homes decreased by 2%, 4 bedroom homes decreased by 7.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
138 | 129 | -6.5% |
Asking Price vs. Sold Price
66 Homes Were Sold
Under Asking
35 Homes Were Sold
At Asking
28 Homes Were Sold
Over Asking
Summary: A total of 129 homes were sold or pending in Madison County in April 2024, down by 6.5% month-over-month. Of the 129 sold homes, 51% were sold under asking, 27% were sold at asking, and 22% were sold over asking.
Days on Market for Madison County, IN
How long does it take to sell a home in Madison County, IN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
33 Days | 45 Days | +37.3% |
Summary: Homes in Madison County had an average of 45 days on market in Apr 2024, up by 37.3% compared to last year.
Breakdown of Home Sale Times
81 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
25 Homes Were Sold
Over 90 Days
Summary: During April 2024, 129 homes were sold in Madison County; 63% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.