$2,969 Closing Credit*
$250,000
1,561 SqFt
3 Beds
•2 Full Baths
Listing Office: Leading Edge Re Grp-Fayetville
Is Madison Crossroads, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Madison Crossroads was a Buyer's Market.
Key Takeaway
Madison Crossroads is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Madison Crossroads, AL
How much do homes in Madison Crossroads, AL cost?
Median Sold Price
$285,000
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$12,000(-4.0%)
Key Takeaway
Homes in Madison Crossroads have sold for 4% less than they did a year ago.
Summary: The median home sold price in Madison Crossroads was $285,000 in November 2024, down 4% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $205K | $169.5K | -17.3% |
| 3 Bedrooms | $265K | $250K | -5.7% |
| 4 Bedrooms | $340.6K | $328.5K | -3.5% |
| 5+ Bedrooms | $398.9K | $565K | +41.6% |
Summary: Madison Crossroads housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 17.3%, 3 bedroom homes decreased by 5.7%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes increased by 41.6%.
Median Sold Price Compared To Nearby Cities
| Ardmore | $260K | $270K | +3.8% |
| Harvest | $312.2K | $314.8K | +0.8% |
| Madison Crossroads | $297K | $285K | -4.0% |
| Toney | $297K | $284.9K | -4.1% |
Housing Supply in Madison Crossroads, AL
How many homes are available in Madison Crossroads, AL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 55 | 56 | +1.8% |
Summary: The Madison Crossroads real estate market had 56 homes for sale in November 2024, a 1.8% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 1 | -75.0% |
| 3 Bedrooms | 27 | 29 | +7.4% |
| 4 Bedrooms | 16 | 20 | +25.0% |
| 5+ Bedrooms | 8 | 6 | -25.0% |
Summary: The Madison Crossroads housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 75%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 12 | -25.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Madison Crossroads, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 12 homes were sold or pending in Madison Crossroads in November 2024, down by 25.0% month-over-month. Of the 12 sold homes, 33% were sold under asking, 50% were sold at asking, and 17% were sold over asking.
Days on Market for Madison Crossroads, AL
How long does it take to sell a home in Madison Crossroads, AL?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Madison Crossroads has remained consistent over time.
Summary: During November 2024, 12 homes were sold in Madison Crossroads; 0% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved.