$5,936 Closing Credit*
$499,900
3,330 SqFt
5 Beds
•4 Full Baths, 1 Partial
Walt R Wofford, Dallis Ketchum, Listing Office: Neighbor House, LLC
Housing Prices in Madison, MS
How much do homes in Madison, MS cost?
Median List Price
$414,030
$181/sqft
Based on all homes listed in the last 12 months.
Difference Since November 2023
+$25,630(+6.6%)
Key Takeaway
The list price of homes in Madison has increased by 6.6% since last year.
Summary: The median home list price in Madison was $414,030 in November 2024, up 6.6% from the previous year, and the median price per square foot was $181.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $348K | $334.9K | -3.8% |
| 2 Bedrooms | $235K | $315K | +34.0% |
| 3 Bedrooms | $310.6K | $315.9K | +1.7% |
| 4 Bedrooms | $459.9K | $479K | +4.2% |
| 5+ Bedrooms | $680K | $714.9K | +5.1% |
Summary: Madison housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.8%, 2 bedroom homes increased by 34%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 5.1%.
Median List Price Compared To Nearby Cities
| Ridgeland | $306.6K | $329.9K | +7.6% |
| Madison | $388.4K | $414K | +6.6% |
Housing Supply in Madison, MS
How many homes are available in Madison, MS?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 396 | 384 | -3.0% |
Summary: The Madison real estate market had 384 homes for sale in November 2024, a 3.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 147 | 140 | -4.8% |
| 4 Bedrooms | 191 | 184 | -3.7% |
| 5+ Bedrooms | 54 | 55 | +1.9% |
Summary: The Madison 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 25%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes increased by 1.9%.
Days on Market for Madison, MS
How long does it take to sell a home in Madison, MS?
Average Listing Age
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 148 Days | 105 Days | -29.5% |
Summary: Homes in Madison had an average listing age of 105 days in Nov 2024, down by 29.5% compared to the previous year.
