$3,800 Closing Credit*
$320,000
2,019 SqFt
4 Beds
•2 Full Baths, 1 Partial
Listing Office: Redfin Corporation
Is Madison County, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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, AL
How much do homes in Madison County, AL cost?
Median Sold Price
$330,006
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$1,012(+0.3%)
Key Takeaway
The sold price of homes in Madison County has remained the same since last year.
Summary: The median home sold price in Madison County was $330,006 in October 2024, up 0.3% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $140K | $137.5K | -1.8% |
| 2 Bedrooms | $185.7K | $184.9K | -0.5% |
| 3 Bedrooms | $279.1K | $279.6K | 0.2% |
| 4 Bedrooms | $379.8K | $379.3K | -0.1% |
| 5+ Bedrooms | $549.8K | $575K | +4.6% |
Summary: Madison County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.8%, 2 bedroom homes decreased by 0.5%, 3 bedroom homes increased by 0.2%, 4 bedroom homes decreased by 0.1%, and 5+ bedroom homes increased by 4.6%.
Median Sold Price Compared To Nearby Counties
| Jackson County | $219.3K | $234.4K | +6.9% |
| Marshall County | $239.9K | $249.7K | +4.1% |
| Morgan County | $247.3K | $250K | +1.1% |
| Madison County | $328.9K | $330K | 0.3% |
| Limestone County | $330K | $326.7K | -1.0% |
Housing Supply in Madison County, AL
How many homes are available in Madison County, AL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2,718 | 2,836 | +4.3% |
Summary: The Madison County real estate market had 2,836 homes for sale in October 2024, a 4.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 28 | 29 | +3.6% |
| 2 Bedrooms | 105 | 130 | +23.8% |
| 3 Bedrooms | 1,160 | 1,194 | +2.9% |
| 4 Bedrooms | 1,136 | 1,175 | +3.4% |
| 5+ Bedrooms | 289 | 308 | +6.6% |
Summary: The Madison County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 3.6%, 2 bedroom homes increased by 23.8%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 6.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 477 | 405 | -15.1% |
Asking Price vs. Sold Price
202 Homes Were Sold
Under Asking
146 Homes Were Sold
At Asking
53 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. 50.4% of homes here sold below asking price last month.
Summary: A total of 405 homes were sold or pending in Madison County in October 2024, down by 15.1% month-over-month. Of the 401 sold homes, 50% were sold under asking, 36% were sold at asking, and 13% were sold over asking.
Days on Market for Madison County, AL
How long does it take to sell a home in Madison County, AL?
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 October 2024, 405 homes were sold in Madison County; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
The data relating to real estate for sale on this site comes in part from the Broker Reciprocity/IDX program of the Greater Alabama Multiple Listing Service, Inc. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the content is not guaranteed accurate by the MLS. There is no express or implied warranty by MLS of the accuracy of information which should be independently verified. The Greater Alabama Multiple Listing Service does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Copyright© 2024 Greater Alabama Multiple Listing Service, Inc. All Rights Reserved.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
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The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Greater Chattanooga Association of Realtors®. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Copyright© 2024 Greater Chattanooga Association of REALTORS®.