Is Madison Township, MO 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

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, MO

How much do homes in Madison Township, MO cost?

Median Sold Price

$250,000

$136/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$38,000(-13.2%)

Key Takeaway

Homes in Madison Township have sold for 13.2% less than they did a year ago.

Summary: The median home sold price in Madison Township was $250,000 in October 2024, down 13.2% from last year, and the median price per square foot was $136.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $288K-
N/A
2 $260K$112K
-56.9%
3 $315K$212.5K
-32.5%
4 $552.5K$355.7K
-35.6%
5+ -$519K
N/A

Summary: Madison Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 56.9%, 3 bedroom homes decreased by 32.5%, 4 bedroom homes decreased by 35.6%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Carthage
+8.7%
Madison Township
-13.2%

Housing Supply in Madison Township, MO

How many homes are available in Madison Township, MO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
912+33.3%

Summary: The Madison Township real estate market had 12 homes for sale in October 2024, a 33.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 46
+50.0%
3 43
-25.0%
4 13
+200.0%
5+ 00
0.0%

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 increased by 50%, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

1 Home Was 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. 50% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Madison Township in October 2024, up by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Madison Township, MO

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

Average Sale Time

Oct 2023Oct 2024CHANGE
30 Days28 Days-5.0%

Summary: Homes in Madison Township had an average of 28 days on market in Oct 2024, down by 5% compared to last year.

Breakdown of Home Sale Times

1 Home Was 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 October 2024, 3 homes were sold in Madison Township; 33% of homes were sold within 30 days, 33% 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 20 Days Ago

Newest Listings in Madison Township, MO

Nearby Markets to Madison Township, MO

What housing markets are near Madison Township, MO?