$2,730 Closing Credit*
$229,900
500 SqFt
1 Bed
•1 Bath
Jessica Anderson, Listing Office: Signature Realty LLC
Is Madison, CT 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 has remained a Seller's Market.
Key Takeaway
Madison is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Madison, CT
How much do homes in Madison, CT cost?
Median Sold Price
$660,000
$291/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$31,750(+5.1%)
Key Takeaway
Homes in Madison have sold for 5.1% more than they did a year ago.
Summary: The median home sold price in Madison was $660,000 in November 2024, up 5.1% from last year, and the median price per square foot was $291.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $230K | $248.5K | +8.0% |
| 2 Bedrooms | $475K | $517.5K | +8.9% |
| 3 Bedrooms | $535K | $610K | +14.0% |
| 4 Bedrooms | $785K | $820K | +4.5% |
| 5+ Bedrooms | $1.0M | $1.2M | +16.8% |
Summary: Madison housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8%, 2 bedroom homes increased by 8.9%, 3 bedroom homes increased by 14%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 16.8%.
Median Sold Price Compared To Nearby Cities
| Clinton | $395K | $432.5K | +9.5% |
| Durham | $420K | $445K | +6.0% |
| Madison | $628.2K | $660K | +5.1% |
| Guilford | $567.5K | $584.4K | +3.0% |
| Killingworth | $540K | $535K | -0.9% |
Housing Supply in Madison, CT
How many homes are available in Madison, CT?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 99 | 81 | -18.2% |
Summary: The Madison real estate market had 81 homes for sale in November 2024, a 18.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 7 | +40.0% |
| 2 Bedrooms | 20 | 15 | -25.0% |
| 3 Bedrooms | 30 | 22 | -26.7% |
| 4 Bedrooms | 35 | 29 | -17.1% |
| 5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The Madison housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 40%, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 26.7%, 4 bedroom homes decreased by 17.1%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 | 21 | -8.7% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Madison, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in Madison in November 2024, down by 8.7% month-over-month. Of the 21 sold homes, 43% were sold under asking, 19% were sold at asking, and 38% were sold over asking.
Days on Market for Madison, CT
We’re sorry, we don't have information for this market at the moment
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