$4,097 Closing Credit*
$345,000
1,615 SqFt
4 Beds
•2 Full Baths, 1 Partial
#1022922, Lisa Langford, Listing Office: Coldwell Banker Upchurch Realty
Is Madison County, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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, GA
How much do homes in Madison County, GA cost?
Median Sold Price
$320,000
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$26,700(+9.1%)
Key Takeaway
Homes in Madison County have sold for 9.1% more than they did a year ago.
Summary: The median home sold price in Madison County was $320,000 in November 2024, up 9.1% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $145K | N/A |
| 2 Bedrooms | $180K | $235K | +30.6% |
| 3 Bedrooms | $274.4K | $295K | +7.5% |
| 4 Bedrooms | $359K | $404.2K | +12.6% |
| 5+ Bedrooms | $377.2K | $645K | +71.0% |
Summary: Madison County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 30.6%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 12.6%, and 5+ bedroom homes increased by 71%.
Median Sold Price Compared To Nearby Counties
| Elbert County | $178K | $203.5K | +14.3% |
| Madison County | $293.3K | $320K | +9.1% |
| Franklin County | $251.6K | $269.9K | +7.3% |
| Clarke County | $337.3K | $349.9K | +3.8% |
| Oglethorpe County | $299.9K | $290K | -3.3% |
Housing Supply in Madison County, GA
How many homes are available in Madison County, GA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 139 | 144 | +3.6% |
Summary: The Madison County real estate market had 144 homes for sale in November 2024, a 3.6% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 9 | 0.0% |
| 3 Bedrooms | 72 | 71 | -1.4% |
| 4 Bedrooms | 51 | 52 | +2.0% |
| 5+ Bedrooms | 7 | 12 | +71.4% |
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 remained the same, 3 bedroom homes decreased by 1.4%, 4 bedroom homes increased by 2%, and 5+ bedroom homes increased by 71.4%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 29 | 21 | -27.6% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
6 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. 38.1% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in Madison County in November 2024, down by 27.6% month-over-month. Of the 21 sold homes, 38% were sold under asking, 33% were sold at asking, and 29% were sold over asking.
Days on Market for Madison County, GA
How long does it take to sell a home in Madison County, GA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 54 Days | 73 Days | +36.0% |
Summary: Homes in Madison County had an average of 73 days on market in Nov 2024, up by 36% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Madison County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 21 homes were sold in Madison County; 48% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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