$449,000
Land
•1 Full Bath
Tobi Sharon, Listing Office: RE/MAX Precision
Is Madison County, IA 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 Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Madison County, IA
How much do homes in Madison County, IA cost?
Median Sold Price
$275,000
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$12,500(+4.8%)
Key Takeaway
Homes in Madison County have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in Madison County was $275,000 in November 2024, up 4.8% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $81.5K | $67K | -17.8% |
| 2 Bedrooms | $195K | $219.1K | +12.4% |
| 3 Bedrooms | $260K | $268.7K | +3.4% |
| 4 Bedrooms | $345K | $320K | -7.2% |
| 5+ Bedrooms | $295K | $415.5K | +40.8% |
Summary: Madison County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.8%, 2 bedroom homes increased by 12.4%, 3 bedroom homes increased by 3.4%, 4 bedroom homes decreased by 7.2%, and 5+ bedroom homes increased by 40.8%.
Median Sold Price Compared To Nearby Counties
| Warren County | $299.9K | $316.2K | +5.4% |
| Madison County | $262.5K | $275K | +4.8% |
| Dallas County | $344K | $349.3K | +1.5% |
| Adair County | $170K | $163.5K | -3.8% |
| Clarke County | $283K | $252K | -11.0% |
Housing Supply in Madison County, IA
How many homes are available in Madison County, IA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 81 | 81 | 0.0% |
Summary: The Madison County real estate market had 81 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 15 | 16 | +6.7% |
| 3 Bedrooms | 32 | 31 | -3.1% |
| 4 Bedrooms | 24 | 24 | 0.0% |
| 5+ Bedrooms | 9 | 7 | -22.2% |
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 200%, 2 bedroom homes increased by 6.7%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 22.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 11 | +10.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Madison County, you may be able to get a good deal. 81.8% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Madison County in November 2024, up by 10.0% month-over-month. Of the 11 sold homes, 82% were sold under asking, 9% were sold at asking, and 9% were sold over asking.
Days on Market for Madison County, IA
How long does it take to sell a home in Madison County, IA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 90 Days | 33 Days | -62.4% |
Summary: Homes in Madison County had an average of 33 days on market in Nov 2024, down by 62.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was 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, 11 homes were sold in Madison County; 55% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
