$4,026 Closing Credit*
$339,000
2,231 SqFt
4 Beds
•2 Full Baths, 1 Partial
Tamatha McCollum, Listing Office: Allen Tate Oak Ridge Commons
Is Madison Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Madison Township has remained a Seller'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, NC
How much do homes in Madison Township, NC cost?
Median Sold Price
$224,900
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$12,400(+5.8%)
Key Takeaway
Homes in Madison Township have sold for 5.8% more than they did a year ago.
Summary: The median home sold price in Madison Township was $224,900 in October 2024, up 5.8% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $158.7K | $63.5K | -60.0% |
| 2 Bedrooms | $125K | $171.9K | +37.5% |
| 3 Bedrooms | $218.1K | $240.7K | +10.4% |
| 4 Bedrooms | $335K | $332K | -0.9% |
| 5+ Bedrooms | - | $364K | 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 decreased by 60%, 2 bedroom homes increased by 37.5%, 3 bedroom homes increased by 10.4%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Mayo Township | $235.2K | $289K | +22.9% |
| Madison | $224.9K | $251.7K | +11.9% |
| Madison Township | $212.5K | $224.9K | +5.8% |
| Mayodan | $180.9K | $188.2K | +4.0% |
Housing Supply in Madison Township, NC
How many homes are available in Madison Township, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 31 | 39 | +25.8% |
Summary: The Madison Township real estate market had 39 homes for sale in October 2024, a 25.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 5 | 9 | +80.0% |
| 3 Bedrooms | 23 | 27 | +17.4% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Madison Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 80%, 3 bedroom homes increased by 17.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 8 | +166.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Madison Township, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Madison Township in October 2024, up by 166.7% month-over-month. Of the 8 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Madison Township, NC
How long does it take to sell a home in Madison Township, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 9 Days | 30 Days | +234.7% |
Summary: Homes in Madison Township had an average of 30 days on market in Oct 2024, up by 234.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Madison Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in Madison Township; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
