$25,000
3.19 Acres
Land
Listing Office: All Realty Services
Is Madison County, FL 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 Buyer's Market.
Key Takeaway
Madison County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Madison County, FL
How much do homes in Madison County, FL cost?
Median Sold Price
$232,000
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$52,000(+28.9%)
Key Takeaway
Homes in Madison County have sold for 28.9% more than they did a year ago.
Summary: The median home sold price in Madison County was $232,000 in November 2024, up 28.9% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $68K | $123K | +80.7% |
| 2 Bedrooms | $156K | $153K | -1.9% |
| 3 Bedrooms | $166K | $245K | +47.6% |
| 4 Bedrooms | $262.5K | $335K | +27.6% |
| 5+ Bedrooms | $379.2K | $249.9K | -34.1% |
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 80.7%, 2 bedroom homes decreased by 1.9%, 3 bedroom homes increased by 47.6%, 4 bedroom homes increased by 27.6%, and 5+ bedroom homes decreased by 34.1%.
Median Sold Price Compared To Nearby Counties
| Madison County | $180K | $232K | +28.9% |
| Taylor County | $200K | $190K | -5.0% |
| Jefferson County | $335K | $291.2K | -13.1% |
Housing Supply in Madison County, FL
How many homes are available in Madison County, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 41 | 48 | +17.1% |
Summary: The Madison County real estate market had 48 homes for sale in November 2024, a 17.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 6 | 7 | +16.7% |
| 3 Bedrooms | 30 | 33 | +10.0% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Madison County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 3 | -50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were 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. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Madison County in November 2024, down by 50.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Madison County, FL
How long does it take to sell a home in Madison County, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 64 Days | 64 Days | -1.2% |
Summary: Homes in Madison County had an average of 64 days on market in Nov 2024, down by 1.2% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Madison County has remained consistent over time.
Summary: During November 2024, 3 homes were sold in Madison County; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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