Housing Prices in Madison, MS

How much do homes in Madison, MS cost?

Median List Price

$428,347

$181/sqft

Based on all homes listed in the last 12 months.

Difference Since September 2023

+$35,985(+9.2%)

Key Takeaway

The list price of homes in Madison has increased by 9.2% since last year.

Summary: The median home list price in Madison was $428,347 in September 2024, up 9.2% from the previous year, and the median price per square foot was $181.

Median List Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $421.5K$348K
-17.4%
2 $235K$261.7K
+11.4%
3 $299.7K$315.3K
+5.2%
4 $459.9K$481.6K
+4.7%
5+ $675K$737K
+9.2%

Summary: Madison housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.4%, 2 bedroom homes increased by 11.4%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 9.2%.

Median List Price Compared To Nearby Cities

Ridgeland
+10.0%
Madison
+9.2%

Housing Supply in Madison, MS

How many homes are available in Madison, MS?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
377411+9.0%

Summary: The Madison real estate market had 411 homes for sale in September 2024, a 9.0% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 11
0.0%
2 42
-50.0%
3 130136
+4.6%
4 187215
+15.0%
5+ 5557
+3.6%

Summary: The Madison housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 15%, and 5+ bedroom homes increased by 3.6%.

Days on Market for Madison, MS

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

Average Listing Age

Sep 2023Sep 2024CHANGE
125 Days97 Days-22.6%

Summary: Homes in Madison had an average listing age of 97 days in Sep 2024, down by 22.6% compared to the previous year.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 29 Days Ago

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Newest Listings in Madison, MS

Nearby Markets to Madison, MS

What housing markets are near Madison, MS?

MLS Disclaimers and Copyright

Based on information from MLS United Previous Previous for the period 10/01/2022 - 10/01/2024

Information is deemed to be reliable but not guaranteed. Copyright 2024, MLS United, LLC.
Buyer and/or Buyer's Agent should verify data and evaluate source. This information is furnished by MLS United, LLC. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of MLS United, LLC. Information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS. Neither the MLS nor the Listing Broker will be held responsible for any typographical errors, misinformation and misprints and shall be held totally harmless. All properties are subject to prior sale, change or withdrawal.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 10/30/2024, 2:35:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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