$160,000
38.00 Acres
Land
Listing Office: Joseph Walter Realty
Is Madison County, AR 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 County has remained a Seller's Market.
Key Takeaway
Madison County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Madison County, AR
How much do homes in Madison County, AR cost?
Median Sold Price
$243,375
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$33,375(+15.9%)
Key Takeaway
Homes in Madison County have sold for 15.9% more than they did a year ago.
Summary: The median home sold price in Madison County was $243,375 in November 2024, up 15.9% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $120K | $169.9K | +41.6% |
| 2 Bedrooms | $190K | $192K | +1.1% |
| 3 Bedrooms | $205K | $226K | +10.2% |
| 4 Bedrooms | $290K | $349K | +20.3% |
| 5+ Bedrooms | $259.9K | $650K | +150.1% |
Summary: Madison County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 41.6%, 2 bedroom homes increased by 1.1%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 20.3%, and 5+ bedroom homes increased by 150.1%.
Median Sold Price Compared To Nearby Counties
| Madison County | $210K | $243.3K | +15.9% |
| Newton County | $234K | $255K | +9.0% |
| Benton County | $358.6K | $379.9K | +5.9% |
| Carroll County | $249.1K | $260.6K | +4.6% |
| Washington County | $335K | $345.5K | +3.1% |
Housing Supply in Madison County, AR
How many homes are available in Madison County, AR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 58 | 64 | +10.3% |
Summary: The Madison County real estate market had 64 homes for sale in November 2024, a 10.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 11 | 9 | -18.2% |
| 3 Bedrooms | 22 | 29 | +31.8% |
| 4 Bedrooms | 18 | 18 | 0.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Madison County 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 18.2%, 3 bedroom homes increased by 31.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 11 | +37.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 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. 63.6% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Madison County in November 2024, up by 37.5% month-over-month. Of the 11 sold homes, 64% were sold under asking, 18% were sold at asking, and 18% were sold over asking.
Days on Market for Madison County, AR
How long does it take to sell a home in Madison County, AR?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 113 Days | 63 Days | -44.0% |
Summary: Homes in Madison County had an average of 63 days on market in Nov 2024, down by 44% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Madison County has remained consistent over time.
Summary: During November 2024, 11 homes were sold in Madison County; 27% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Cooperative Arkansas REALTORS® Multiple Listing Services, Inc. Real estate listings, held by brokerage firms other than this broker, are marked with the Broker Reciprocity℠ logo and information about them includes the name of the listing brokers. The 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 data is deemed reliable but is not guaranteed accurate by the MLS. Copyright© 2024 Cooperative Arkansas Realtors MLS. All Rights Reserved.