Is Madison County, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Madison County is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Madison County has remained a Seller's Market.

Key Takeaway

Madison County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Madison County, IN

How much do homes in Madison County, IN cost?

Median Sold Price

$184,334

$119/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$3,856(+2.1%)

Key Takeaway

Homes in Madison County have sold for 2.1% more than they did a year ago.

Summary: The median home sold price in Madison County was $184,334 in October 2024, up 2.1% from last year, and the median price per square foot was $119.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $39K$61.2K
+57.1%
2 $110.1K$111K
+0.8%
3 $185K$194.2K
+5.0%
4 $265K$286.2K
+8.0%
5+ $389.4K$365K
-6.3%

Summary: Madison County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 57.1%, 2 bedroom homes increased by 0.8%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 8%, and 5+ bedroom homes decreased by 6.3%.

Median Sold Price Compared To Nearby Counties

Henry County
+13.7%
Delaware County
+12.6%
Hancock County
+2.2%
Madison County
+2.1%
Hamilton County
+0.8%

Housing Supply in Madison County, IN

How many homes are available in Madison County, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
579577-0.3%

Summary: The Madison County real estate market had 577 homes for sale in October 2024, a 0.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 65
-16.7%
2 117117
0.0%
3 297306
+3.0%
4 124118
-4.8%
5+ 3531
-11.4%

Summary: The Madison County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes remained the same, 3 bedroom homes increased by 3%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes decreased by 11.4%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
154145-5.8%

Asking Price vs. Sold Price

77 Homes Were Sold
Under Asking

38 Homes Were Sold
At Asking

30 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Madison County, you may be able to get a good deal. 53.1% of homes here sold below asking price last month.

Summary: A total of 145 homes were sold or pending in Madison County in October 2024, down by 5.8% month-over-month. Of the 145 sold homes, 53% were sold under asking, 26% were sold at asking, and 21% were sold over asking.

Days on Market for Madison County, IN

How long does it take to sell a home in Madison County, IN?

Average Sale Time

Oct 2023Oct 2024CHANGE
27 Days38 Days+38.0%

Summary: Homes in Madison County had an average of 38 days on market in Oct 2024, up by 38% compared to last year.

Breakdown of Home Sale Times

81 Homes Were Sold
Under 30 Days

38 Homes Were Sold
In 30 - 90 Days

15 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Madison County are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 145 homes were sold in Madison County; 56% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Madison County, IN

Nearby Markets to Madison County, IN

What housing markets are near Madison County, IN?