Is Madison County, OH 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.
Key Takeaway
Madison County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Madison County, OH
How much do homes in Madison County, OH cost?
Median Sold Price
$369,108
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Madison County have sold for 6.7% more than they did a year ago.
Summary: The median home sold price in Madison County was $369,108 in April 2024, up 6.7% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $137.9K | $46K | -66.7% |
| 2 Bedrooms | $186K | $207.5K | +11.6% |
| 3 Bedrooms | $279.9K | $310K | +10.7% |
| 4 Bedrooms | $465.9K | $509.5K | +9.4% |
| 5+ Bedrooms | $655K | $784K | +19.7% |
Summary: Madison County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 66.7%, 2 bedroom homes increased by 11.6%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 19.7%.
Median Sold Price Compared To Nearby Counties
| Madison County | $345.9K | $369.1K | +6.7% |
| Franklin County | $284.9K | $302.7K | +6.2% |
| Clark County | $175K | $185K | +5.8% |
| Union County | $313.6K | $329.9K | +5.2% |
| Champaign County | $225.3K | $215K | -4.6% |
Housing Supply in Madison County, OH
How many homes are available in Madison County, OH?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 225 | 260 | +15.6% |
Summary: The Madison County real estate market had 260 homes for sale in April 2024, a 15.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 17 | 24 | +41.2% |
| 3 Bedrooms | 104 | 113 | +8.7% |
| 4 Bedrooms | 63 | 66 | +4.8% |
| 5+ Bedrooms | 39 | 55 | +41.0% |
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 increased by 41.2%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 41%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 53 | 48 | -9.4% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Madison County, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 48 homes were sold or pending in Madison County in April 2024, down by 9.4% month-over-month. Of the 48 sold homes, 38% were sold under asking, 27% were sold at asking, and 35% were sold over asking.
Days on Market for Madison County, OH
How long does it take to sell a home in Madison County, OH?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 44 Days | 35 Days | -21.9% |
Summary: Homes in Madison County had an average of 35 days on market in Apr 2024, down by 21.9% compared to last year.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Madison County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 48 homes were sold in Madison County; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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