$4,156 Closing Credit*
$349,999
2,580 SqFt
4 Beds
•2 Full Baths, 1 Partial
Laura Stevenson, Listing Office: Carpenter, REALTORS®
Is Madison Township, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
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
$285,000
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$22,000(-7.2%)
Key Takeaway
Homes in Madison Township have sold for 7.2% less than they did a year ago.
Summary: The median home sold price in Madison Township was $285,000 in October 2024, down 7.2% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $137K | $92K | -32.8% |
| 2 Bedrooms | $236K | $249.9K | +5.9% |
| 3 Bedrooms | $265K | $260K | -1.9% |
| 4 Bedrooms | $319.9K | $327.2K | +2.3% |
| 5+ Bedrooms | $363.2K | $350K | -3.6% |
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 5.9%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes decreased by 3.6%.
Median Sold Price Compared To Nearby Cities
| Mooresville | $258.3K | $295K | +14.2% |
| Brown Township | $240K | $267K | +11.3% |
| Camby | $277K | $270K | -2.5% |
| Madison Township | $307K | $285K | -7.2% |
Housing Supply in Madison Township, IN
How many homes are available in Madison Township, IN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 71 | 68 | -4.2% |
Summary: The Madison Township real estate market had 68 homes for sale in October 2024, a 4.2% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 9 | 6 | -33.3% |
| 3 Bedrooms | 35 | 31 | -11.4% |
| 4 Bedrooms | 24 | 27 | +12.5% |
| 5+ Bedrooms | 2 | 3 | +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 decreased by 33.3%, 3 bedroom homes decreased by 11.4%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 15 | -21.1% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Madison Township, you may be able to get a good deal. 53.3% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Madison Township in October 2024, down by 21.1% month-over-month. Of the 15 sold homes, 53% were sold under asking, 33% were sold at asking, and 13% were sold over asking.
Days on Market for Madison Township, IN
How long does it take to sell a home in Madison Township, IN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 23 Days | 28 Days | +19.6% |
Summary: Homes in Madison Township had an average of 28 days on market in Oct 2024, up by 19.6% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Madison Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 15 homes were sold in Madison Township; 67% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
Listings courtesy of Metropolitan Indianapolis Board of REALTORS® MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Metro Search Multiple Listing Service. Real estate listings held by other Brokerage firms are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. The Broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2024 Greater Louisville Association of Realtors. All Rights Reserved.
The data on this website relating to real estate for sale comes in part from the Internet Data Exchange (IDX) program of the Indiana Regional MLS (IRMLS). IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. ©2011-2024 Indiana Regional MLS. All rights reserved.