Housing Prices in Madison, MS
How much do homes in Madison, MS cost?
Median List Price
$399,990
$178/sqft
Based on all homes listed in the last 12 months.
Difference Since March 2023
Key Takeaway
The list price of homes in Madison has remained the same since last year.
Summary: The median home list price in Madison was $399,990 in March 2024, the same as the previous year, and the median price per square foot was $178.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $421.5K | $348K | -17.4% |
| 2 Bedrooms | $367.4K | $275.8K | -24.9% |
| 3 Bedrooms | $299.9K | $304.8K | +1.6% |
| 4 Bedrooms | $459.9K | $473.5K | +3.0% |
| 5+ Bedrooms | $710K | $680K | -4.2% |
Summary: Madison housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.4%, 2 bedroom homes decreased by 24.9%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 3%, and 5+ bedroom homes decreased by 4.2%.
Median List Price Compared To Nearby Cities
| Ridgeland | $272K | $316.8K | +16.5% |
| Madison | $399.9K | $399.9K | 0.0% |
Housing Supply in Madison, MS
How many homes are available in Madison, MS?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 382 | 427 | +11.8% |
Summary: The Madison real estate market had 427 homes for sale in March 2024, a 11.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 10 | 10 | 0.0% |
| 3 Bedrooms | 138 | 143 | +3.6% |
| 4 Bedrooms | 163 | 191 | +17.2% |
| 5+ Bedrooms | 69 | 81 | +17.4% |
Summary: The Madison 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 remained the same, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 17.2%, and 5+ bedroom homes increased by 17.4%.
Days on Market for Madison, MS
How long does it take to sell a home in Madison, MS?
Average Listing Age
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 148 Days | 186 Days | +25.4% |
Summary: Homes in Madison had an average listing age of 186 days in Mar 2024, up by 25.4% compared to the previous year.
