Is Madison County, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Madison County has remained a Seller's Market.
Housing Prices in Madison County, OH
How much do homes in Madison County, OH cost?
Median Sold Price
$374,181
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Madison County was $374,181 in May 2024, up 6.5% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $137.9K | $46K | -66.7% |
2 Bedrooms | $179.9K | $207.5K | +15.3% |
3 Bedrooms | $284.9K | $317.5K | +11.4% |
4 Bedrooms | $475.9K | $525K | +10.3% |
5+ Bedrooms | $655K | $795.3K | +21.4% |
Summary: Madison County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 66.7%, 2 bedroom homes increased by 15.3%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 21.4%.
Median Sold Price Compared To Nearby Counties
Clark County | $174.2K | $189.3K | +8.7% |
Madison County | $351.1K | $374.1K | +6.5% |
Franklin County | $286.3K | $304.7K | +6.4% |
Union County | $315.4K | $328.1K | +4.0% |
Champaign County | $220.9K | $218.9K | -0.9% |
Housing Supply in Madison County, OH
How many homes are available in Madison County, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
208 | 250 | +20.2% |
Summary: The Madison County real estate market had 250 homes for sale in May 2024, a 20.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 19 | 29 | +52.6% |
3 Bedrooms | 89 | 114 | +28.1% |
4 Bedrooms | 52 | 57 | +9.6% |
5+ Bedrooms | 48 | 50 | +4.2% |
Summary: The Madison County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 52.6%, 3 bedroom homes increased by 28.1%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes increased by 4.2%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
53 | 68 | +28.3% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
23 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 68 homes were sold or pending in Madison County in May 2024, up by 28.3% month-over-month. Of the 68 sold homes, 40% were sold under asking, 34% were sold at asking, and 26% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
36 Days | 40 Days | +12.6% |
Summary: Homes in Madison County had an average of 40 days on market in May 2024, up by 12.6% compared to last year.
Breakdown of Home Sale Times
38 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During May 2024, 68 homes were sold in Madison County; 56% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.