Is Madison County, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Madison County was a Seller's Market.
Housing Prices in Madison County, NC
How much do homes in Madison County, NC cost?
Median Sold Price
$415,000
$257/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Madison County was $415,000 in March 2024, up 3.8% from last year, and the median price per square foot was $257.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $273K | $250K | -8.4% |
2 Bedrooms | $329.5K | $324.5K | -1.5% |
3 Bedrooms | $418.4K | $425K | +1.6% |
4 Bedrooms | $600K | $651K | +8.5% |
5+ Bedrooms | $481K | $1.2M | +159.9% |
Summary: Madison County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.4%, 2 bedroom homes decreased by 1.5%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes increased by 159.9%.
Median Sold Price Compared To Nearby Counties
Haywood County | $335.1K | $371.7K | +10.9% |
Greene County | $237.6K | $260K | +9.4% |
Buncombe County | $450.1K | $474.4K | +5.4% |
Madison County | $400K | $415K | +3.8% |
Cocke County | $235K | $236K | 0.4% |
Housing Supply in Madison County, NC
How many homes are available in Madison County, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
96 | 109 | +13.5% |
Summary: The Madison County real estate market had 109 homes for sale in March 2024, a 13.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 7 | 0.0% |
2 Bedrooms | 21 | 21 | 0.0% |
3 Bedrooms | 53 | 64 | +20.8% |
4 Bedrooms | 9 | 10 | +11.1% |
5+ Bedrooms | 6 | 7 | +16.7% |
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 remained the same, 3 bedroom homes increased by 20.8%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
12 | 14 | +16.7% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Madison County in March 2024, up by 16.7% month-over-month. Of the 14 sold homes, 64% were sold under asking, 21% were sold at asking, and 14% were sold over asking.
Days on Market for Madison County, NC
How long does it take to sell a home in Madison County, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
63 Days | 101 Days | +59.5% |
Summary: Homes in Madison County had an average of 101 days on market in Mar 2024, up by 59.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During March 2024, 14 homes were sold in Madison County; 21% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.