Is Madison County, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Madison County was a Seller's Market.
Key Takeaway
Madison County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Madison County, TX
How much do homes in Madison County, TX cost?
Median Sold Price
$249,500
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Madison County have sold for 12.7% less than they did a year ago.
Summary: The median home sold price in Madison County was $249,500 in May 2024, down 12.7% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $270K | N/A |
| 2 Bedrooms | $79K | $171.5K | +117.1% |
| 3 Bedrooms | $285K | $238K | -16.5% |
| 4 Bedrooms | $385K | $275K | -28.6% |
| 5+ Bedrooms | $590K | $450K | -23.7% |
Summary: Madison County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 117.1%, 3 bedroom homes decreased by 16.5%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes decreased by 23.7%.
Median Sold Price Compared To Nearby Counties
| Leon County | $279K | $329K | +17.9% |
| Grimes County | $320K | $329.9K | +3.1% |
| Walker County | $276.7K | $275K | -0.6% |
| Brazos County | $324.9K | $317.1K | -2.4% |
| Madison County | $285.7K | $249.5K | -12.7% |
Housing Supply in Madison County, TX
How many homes are available in Madison County, TX?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 35 | 38 | +8.6% |
Summary: The Madison County real estate market had 38 homes for sale in May 2024, a 8.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 17 | 20 | +17.6% |
| 4 Bedrooms | 9 | 11 | +22.2% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Madison County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes increased by 17.6%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 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. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Madison County in May 2024, down by 50.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Madison County, TX
How long does it take to sell a home in Madison County, TX?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 89 Days | 98 Days | +9.1% |
Summary: Homes in Madison County had an average of 98 days on market in May 2024, up by 9.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Madison County has remained consistent over time.
Summary: During May 2024, 2 homes were sold in Madison County; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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