$8,074 Closing Credit*
$679,900
2,720 SqFt
3 Beds
•2 Full Baths, 1 Partial
William White, Listing Office: White Realty Company
Housing Prices in Madison, MS
How much do homes in Madison, MS cost?
Median List Price
$415,633
$182/sqft
Based on all homes listed in the last 12 months.
Difference Since October 2023
+$28,881(+7.5%)
Key Takeaway
The list price of homes in Madison has increased by 7.5% since last year.
Summary: The median home list price in Madison was $415,633 in October 2024, up 7.5% from the previous year, and the median price per square foot was $182.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $348K | $341.4K | -1.9% |
| 2 Bedrooms | $247.2K | $302.4K | +22.3% |
| 3 Bedrooms | $304.9K | $316.8K | +3.9% |
| 4 Bedrooms | $459.9K | $482K | +4.8% |
| 5+ Bedrooms | $675K | $737K | +9.2% |
Summary: Madison housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.9%, 2 bedroom homes increased by 22.3%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 9.2%.
Median List Price Compared To Nearby Cities
| Madison | $386.7K | $415.6K | +7.5% |
| Ridgeland | $306.6K | $325K | +6.0% |
Housing Supply in Madison, MS
How many homes are available in Madison, MS?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 376 | 412 | +9.6% |
Summary: The Madison real estate market had 412 homes for sale in October 2024, a 9.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 129 | 151 | +17.1% |
| 4 Bedrooms | 191 | 200 | +4.7% |
| 5+ Bedrooms | 55 | 59 | +7.3% |
Summary: The Madison 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 17.1%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 7.3%.
Days on Market for Madison, MS
How long does it take to sell a home in Madison, MS?
Average Listing Age
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 135 Days | 95 Days | -29.8% |
Summary: Homes in Madison had an average listing age of 95 days in Oct 2024, down by 29.8% compared to the previous year.
