$410,000
4.27 Acres
Land
Brooke Loescher, Listing Office: Weichert Realtors, Loescher Pr
Is Madisonville, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Madisonville was a Seller's Market.
Key Takeaway
Madisonville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Madisonville, LA
How much do homes in Madisonville, LA cost?
Median Sold Price
$395,000
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$17,000(+4.5%)
Key Takeaway
Homes in Madisonville have sold for 4.5% more than they did a year ago.
Summary: The median home sold price in Madisonville was $395,000 in October 2024, up 4.5% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $128.5K | $171.2K | +33.3% |
| 2 Bedrooms | $212.5K | $195K | -8.2% |
| 3 Bedrooms | $299.9K | $319K | +6.4% |
| 4 Bedrooms | $481.5K | $482K | 0.1% |
| 5+ Bedrooms | $705K | $691.7K | -1.9% |
Summary: Madisonville housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 8.2%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 0.1%, and 5+ bedroom homes decreased by 1.9%.
Housing Supply in Madisonville, LA
How many homes are available in Madisonville, LA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 137 | 146 | +6.6% |
Summary: The Madisonville real estate market had 146 homes for sale in October 2024, a 6.6% increase 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 | 1 | 2 | +100.0% |
| 3 Bedrooms | 45 | 49 | +8.9% |
| 4 Bedrooms | 76 | 81 | +6.6% |
| 5+ Bedrooms | 14 | 13 | -7.1% |
Summary: The Madisonville 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 increased by 100%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes decreased by 7.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 18 | 0.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Madisonville, you may be able to get a good deal. 72.2% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Madisonville in October 2024, the same as the previous month. Of the 18 sold homes, 72% were sold under asking, 6% were sold at asking, and 22% were sold over asking.
Days on Market for Madisonville, LA
How long does it take to sell a home in Madisonville, LA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 42 Days | 38 Days | -8.1% |
Summary: Homes in Madisonville had an average of 38 days on market in Oct 2024, down by 8.1% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Madisonville are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 18 homes were sold in Madisonville; 56% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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