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 December 2023

At the same time last year, Madison Township was a Buyer'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

$193,000

$148/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

-$25,000(-11.5%)

Key Takeaway

Homes in Madison Township have sold for 11.5% less than they did a year ago.

Summary: The median home sold price in Madison Township was $193,000 in December 2024, down 11.5% from last year, and the median price per square foot was $148.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $137K$160.5K
+17.2%
2 $141.4K$180.5K
+27.6%
3 $220K$178K
-19.1%
4 $296.5K$212.5K
-28.3%
5+ $218K$600K
+175.2%

Summary: Madison Township housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.2%, 2 bedroom homes increased by 27.6%, 3 bedroom homes decreased by 19.1%, 4 bedroom homes decreased by 28.3%, and 5+ bedroom homes increased by 175.2%.

Housing Supply in Madison Township, IN

How many homes are available in Madison Township, IN?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
1513-13.3%

Summary: The Madison Township real estate market had 13 homes for sale in December 2024, a 13.3% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 01
+100.0%
2 10
-100.0%
3 86
-25.0%
4 66
0.0%
5+ 00
0.0%

Summary: The Madison Township housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
45+25.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Madison Township, you could pay more than the asking price. 60% of homes here sold above asking price last month.

Summary: A total of 5 homes were sold or pending in Madison Township in December 2024, up by 25.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% were sold over asking.

Days on Market for Madison Township, IN

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

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During December 2024, 5 homes were sold in Madison Township; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% 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 2 Days Ago

Newest Listings in Madison Township, IN

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