$4,869 Closing Credit*
$410,000
1,886 SqFt
4 Beds
•3 Full Baths
Eden Combs, Listing Office: Realty One Group Results Reidsville
Is Madison Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Madison Township was a Seller's Market.
Key Takeaway
Madison Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Madison Township, NC
How much do homes in Madison Township, NC cost?
Median Sold Price
$224,700
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$8,149(+3.8%)
Key Takeaway
Homes in Madison Township have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in Madison Township was $224,700 in November 2024, up 3.8% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $158.7K | $63.5K | -60.0% |
| 2 Bedrooms | $135K | $174K | +28.9% |
| 3 Bedrooms | $229.4K | $242.5K | +5.7% |
| 4 Bedrooms | $335K | $332K | -0.9% |
| 5+ Bedrooms | - | $364K | N/A |
Summary: Madison Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 60%, 2 bedroom homes increased by 28.9%, 3 bedroom homes increased by 5.7%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Mayo Township | $220K | $289K | +31.4% |
| Madison | $232.7K | $261.9K | +12.5% |
| Mayodan | $177K | $189.7K | +7.2% |
| Madison Township | $216.5K | $224.7K | +3.8% |
Housing Supply in Madison Township, NC
How many homes are available in Madison Township, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 40 | 36 | -10.0% |
Summary: The Madison Township real estate market had 36 homes for sale in November 2024, a 10.0% 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 | 10 | 12 | +20.0% |
| 3 Bedrooms | 26 | 19 | -26.9% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Madison Township 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 20%, 3 bedroom homes decreased by 26.9%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 6 | -40.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Madison Township, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Madison Township in November 2024, down by 40.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 15 Days | 74 Days | +373.0% |
Summary: Homes in Madison Township had an average of 74 days on market in Nov 2024, up by 373% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Madison Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in Madison Township; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
