Is Madison County, NY 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 Neutral Market.
Housing Prices in Madison County, NY
How much do homes in Madison County, NY cost?
Median Sold Price
$212,204
$137/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 $212,204 in April 2024, down 3.6% from last year, and the median price per square foot was $137.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $75K | $185K | +146.7% |
2 Bedrooms | $141K | $159.5K | +13.1% |
3 Bedrooms | $210K | $215.6K | +2.7% |
4 Bedrooms | $260K | $267.5K | +2.9% |
5+ Bedrooms | $295K | $265K | -10.2% |
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 146.7%, 2 bedroom homes increased by 13.1%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes decreased by 10.2%.
Median Sold Price Compared To Nearby Counties
Oswego County | $159.2K | $171.1K | +7.5% |
Onondaga County | $208.5K | $220.6K | +5.8% |
Oneida County | $184K | $189.3K | +2.9% |
Madison County | $220.1K | $212.2K | -3.6% |
Housing Supply in Madison County, NY
How many homes are available in Madison County, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
195 | 206 | +5.6% |
Summary: The Madison County real estate market had 206 homes for sale in April 2024, a 5.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 6 | +200.0% |
2 Bedrooms | 20 | 28 | +40.0% |
3 Bedrooms | 94 | 86 | -8.5% |
4 Bedrooms | 58 | 64 | +10.3% |
5+ Bedrooms | 21 | 22 | +4.8% |
Summary: The Madison County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 40%, 3 bedroom homes decreased by 8.5%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 4.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
36 | 34 | -5.6% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 34 homes were sold or pending in Madison County in April 2024, down by 5.6% month-over-month. Of the 34 sold homes, 59% were sold under asking, 9% were sold at asking, and 32% were sold over asking.
Days on Market for Madison County, NY
How long does it take to sell a home in Madison County, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
72 Days | 42 Days | -41.7% |
Summary: Homes in Madison County had an average of 42 days on market in Apr 2024, down by 41.7% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 34 homes were sold in Madison County; 68% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.