$2,800,000
1,942 SqFt
3 Beds
•2 Full Baths, 1 Partial
Listing Office: Southern Tradition Real Estate, LLC
Is Madison County, AR 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 Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Madison County, AR
How much do homes in Madison County, AR cost?
Median Sold Price
$240,500
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$27,000(+12.6%)
Key Takeaway
Homes in Madison County have sold for 12.6% more than they did a year ago.
Summary: The median home sold price in Madison County was $240,500 in October 2024, up 12.6% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $120K | $165.6K | +38.0% |
| 2 Bedrooms | $180K | $189K | +5.0% |
| 3 Bedrooms | $209K | $227K | +8.6% |
| 4 Bedrooms | $311.7K | $290K | -7.0% |
| 5+ Bedrooms | $283.4K | $442.5K | +56.1% |
Summary: Madison County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 38%, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 8.6%, 4 bedroom homes decreased by 7%, and 5+ bedroom homes increased by 56.1%.
Median Sold Price Compared To Nearby Counties
| Madison County | $213.5K | $240.5K | +12.6% |
| Carroll County | $240K | $260K | +8.3% |
| Benton County | $355.2K | $379.3K | +6.8% |
| Washington County | $335K | $344.7K | +2.9% |
| Newton County | $243.2K | $245.7K | +1.0% |
Housing Supply in Madison County, AR
How many homes are available in Madison County, AR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 54 | 56 | +3.7% |
Summary: The Madison County real estate market had 56 homes for sale in October 2024, a 3.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 4 | -20.0% |
| 2 Bedrooms | 7 | 9 | +28.6% |
| 3 Bedrooms | 25 | 23 | -8.0% |
| 4 Bedrooms | 15 | 18 | +20.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Madison County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 28.6%, 3 bedroom homes decreased by 8%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 8 | +33.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was 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. 87.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Madison County in October 2024, up by 33.3% month-over-month. Of the 8 sold homes, 88% were sold under asking, 13% were sold at asking, and 0% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 72 Days | 146 Days | +101.4% |
Summary: Homes in Madison County had an average of 146 days on market in Oct 2024, up by 101.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Madison County are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 8 homes were sold in Madison County; 0% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 50% 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.