$4,868 Closing Credit*
$409,900
1,438 SqFt
3 Beds
•2 Baths
Robert Ramirez, Listing Office: Fathom Realty Group, Inc.
Is Madera, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Madera has remained a Seller's Market.
Key Takeaway
Madera is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Madera, CA
How much do homes in Madera, CA cost?
Median Sold Price
$430,750
$247/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,802(+3.8%)
Key Takeaway
Homes in Madera have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in Madera was $430,750 in October 2024, up 3.8% from last year, and the median price per square foot was $247.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $221K | $190K | -14.0% |
| 2 Bedrooms | $242.5K | $275K | +13.4% |
| 3 Bedrooms | $395K | $410K | +3.8% |
| 4 Bedrooms | $454K | $505K | +11.2% |
| 5+ Bedrooms | $519.8K | $489K | -5.9% |
Summary: Madera housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14%, 2 bedroom homes increased by 13.4%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 11.2%, and 5+ bedroom homes decreased by 5.9%.
Housing Supply in Madera, CA
How many homes are available in Madera, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 261 | 277 | +6.1% |
Summary: The Madera real estate market had 277 homes for sale in October 2024, a 6.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 21 | 20 | -4.8% |
| 3 Bedrooms | 126 | 126 | 0.0% |
| 4 Bedrooms | 93 | 110 | +18.3% |
| 5+ Bedrooms | 21 | 21 | 0.0% |
Summary: The Madera housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 4.8%, 3 bedroom homes remained the same, 4 bedroom homes increased by 18.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 53 | 55 | +3.8% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Madera, you may be able to get a good deal. 50.9% of homes here sold below asking price last month.
Summary: A total of 55 homes were sold or pending in Madera in October 2024, up by 3.8% month-over-month. Of the 55 sold homes, 51% were sold under asking, 24% were sold at asking, and 25% were sold over asking.
Days on Market for Madera, CA
How long does it take to sell a home in Madera, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 26 Days | 63 Days | +145.4% |
Summary: Homes in Madera had an average of 63 days on market in Oct 2024, up by 145.4% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Madera are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 55 homes were sold in Madera; 45% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.