$2,968 Closing Credit*
$249,900
1,320 SqFt
3 Beds
•2 Full Baths
Christine Curtis, Listing Office: NOLA Living Realty
Is Madisonville, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$29,700(+8.1%)
Key Takeaway
Homes in Madisonville have sold for 8.1% more than they did a year ago.
Summary: The median home sold price in Madisonville was $395,000 in November 2024, up 8.1% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $128.5K | $171.2K | +33.3% |
| 2 Bedrooms | $205K | $225K | +9.8% |
| 3 Bedrooms | $299.5K | $319.5K | +6.7% |
| 4 Bedrooms | $470K | $472.5K | 0.5% |
| 5+ Bedrooms | $741.5K | $690K | -6.9% |
Summary: Madisonville housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 9.8%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes decreased by 6.9%.
Housing Supply in Madisonville, LA
How many homes are available in Madisonville, LA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 129 | 138 | +7.0% |
Summary: The Madisonville real estate market had 138 homes for sale in November 2024, a 7.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 43 | 42 | -2.3% |
| 4 Bedrooms | 74 | 81 | +9.5% |
| 5+ Bedrooms | 10 | 12 | +20.0% |
Summary: The Madisonville housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 19 | -5.0% |
Asking Price vs. Sold Price
12 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 Madisonville, you may be able to get a good deal. 63.2% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in Madisonville in November 2024, down by 5.0% month-over-month. Of the 19 sold homes, 63% were sold under asking, 26% were sold at asking, and 11% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 57 Days | 63 Days | +9.8% |
Summary: Homes in Madisonville had an average of 63 days on market in Nov 2024, up by 9.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Madisonville has remained consistent over time.
Summary: During November 2024, 19 homes were sold in Madisonville; 32% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.
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