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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Madison Township is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Madison Township, IN

How much do homes in Madison Township, IN cost?

Median Sold Price

$222,000

$146/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$31,775(+16.7%)

Key Takeaway

Homes in Madison Township have sold for 16.7% more than they did a year ago.

Summary: The median home sold price in Madison Township was $222,000 in October 2024, up 16.7% from last year, and the median price per square foot was $146.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $137K$92K
-32.8%
2 $134.9K$204K
+51.2%
3 $220K$225K
+2.3%
4 $307.5K$233.5K
-24.1%
5+ $218K$220K
+0.9%

Summary: Madison Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 32.8%, 2 bedroom homes increased by 51.2%, 3 bedroom homes increased by 2.3%, 4 bedroom homes decreased by 24.1%, and 5+ bedroom homes increased by 0.9%.

Housing Supply in Madison Township, IN

How many homes are available in Madison Township, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2526+4.0%

Summary: The Madison Township real estate market had 26 homes for sale in October 2024, a 4.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 11
0.0%
3 1614
-12.5%
4 57
+40.0%
5+ 23
+50.0%

Summary: The Madison Township housing inventory by bedroom type for October 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 12.5%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
45+25.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Madison Township, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Madison Township in October 2024, up by 25.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.

Days on Market for Madison Township, IN

We’re sorry, we don't have information for this market at the moment

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

Report Updated 17 Days Ago

Newest Listings in Madison Township, IN

Nearby Markets to Madison Township, IN

What housing markets are near Madison Township, IN?