$7,422 Closing Credit*
$625,000
3,826 SqFt
4 Beds
•4 Full Baths, 1 Partial
Listing Office: Coldwell Banker Of The Valley
Is Madison, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Madison has remained a Seller's Market.
Key Takeaway
Madison is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Madison, AL
How much do homes in Madison, AL cost?
Median Sold Price
$376,088
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$6,268(+1.7%)
Key Takeaway
Homes in Madison have sold for 1.7% more than they did a year ago.
Summary: The median home sold price in Madison was $376,088 in November 2024, up 1.7% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $157.9K | $149.5K | -5.3% |
| 2 Bedrooms | $225K | $208K | -7.6% |
| 3 Bedrooms | $310K | $300K | -3.2% |
| 4 Bedrooms | $429K | $441.7K | +2.9% |
| 5+ Bedrooms | $569.8K | $575K | +0.9% |
Summary: Madison housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.3%, 2 bedroom homes decreased by 7.6%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 0.9%.
Median Sold Price Compared To Nearby Cities
| Madison | $372.9K | $383.4K | +2.8% |
| Madison | $369.8K | $376K | +1.7% |
| Huntsville | $334.3K | $330.8K | -1.0% |
Housing Supply in Madison, AL
How many homes are available in Madison, AL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 677 | 666 | -1.6% |
Summary: The Madison real estate market had 666 homes for sale in November 2024, a 1.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 22 | 20 | -9.1% |
| 3 Bedrooms | 274 | 275 | 0.4% |
| 4 Bedrooms | 276 | 269 | -2.5% |
| 5+ Bedrooms | 104 | 102 | -1.9% |
Summary: The Madison housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 9.1%, 3 bedroom homes increased by 0.4%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes decreased by 1.9%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 114 | 116 | +1.8% |
Asking Price vs. Sold Price
87 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Madison, you may be able to get a good deal. 75.7% of homes here sold below asking price last month.
Summary: A total of 116 homes were sold or pending in Madison in November 2024, up by 1.8% month-over-month. Of the 115 sold homes, 76% were sold under asking, 14% were sold at asking, and 10% were sold over asking.
Days on Market for Madison, AL
How long does it take to sell a home in Madison, AL?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Madison are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 116 homes were sold in Madison; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
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