$8,253 Closing Credit*
$694,995
1,769 SqFt
3 Beds
•3 Full Baths
Listing Office: Wolf Mountain Realty, Inc.
Is Madison County, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Madison County was a Seller's Market.
Key Takeaway
Madison County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Madison County, NC
How much do homes in Madison County, NC cost?
Median Sold Price
$418,500
$264/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$18,500(+4.6%)
Key Takeaway
Homes in Madison County have sold for 4.6% more than they did a year ago.
Summary: The median home sold price in Madison County was $418,500 in October 2024, up 4.6% from last year, and the median price per square foot was $264.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $305K | $247.5K | -18.9% |
| 2 Bedrooms | $300K | $377.5K | +25.8% |
| 3 Bedrooms | $425K | $419.5K | -1.3% |
| 4 Bedrooms | $585K | $550K | -6.0% |
| 5+ Bedrooms | $565.5K | $990K | +75.1% |
Summary: Madison County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.9%, 2 bedroom homes increased by 25.8%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes decreased by 6%, and 5+ bedroom homes increased by 75.1%.
Median Sold Price Compared To Nearby Counties
| Greene County | $250.8K | $275.2K | +9.7% |
| Haywood County | $357.2K | $383.4K | +7.4% |
| Cocke County | $237.2K | $252.5K | +6.4% |
| Madison County | $400K | $418.5K | +4.6% |
| Buncombe County | $460.8K | $480.1K | +4.2% |
Housing Supply in Madison County, NC
How many homes are available in Madison County, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 129 | 127 | -1.6% |
Summary: The Madison County real estate market had 127 homes for sale in October 2024, a 1.6% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 32 | 32 | 0.0% |
| 3 Bedrooms | 76 | 78 | +2.6% |
| 4 Bedrooms | 15 | 11 | -26.7% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Madison County 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 remained the same, 3 bedroom homes increased by 2.6%, 4 bedroom homes decreased by 26.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 9 | -47.1% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Madison County, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Madison County in October 2024, down by 47.1% month-over-month. Of the 9 sold homes, 44% were sold under asking, 33% were sold at asking, and 22% were sold over asking.
Days on Market for Madison County, NC
How long does it take to sell a home in Madison County, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 60 Days | 30 Days | -49.4% |
Summary: Homes in Madison County had an average of 30 days on market in Oct 2024, down by 49.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Madison County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 9 homes were sold in Madison County; 56% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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