$3,384 Closing Credit*
$285,000
1,890 SqFt
2 Beds
•2 Full Baths, 1 Partial
Kara Davenport, Listing Office: Berkshire Hathaway HomeServices Yost & Little Realty
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
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
$299,900
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$44,900(+17.6%)
Key Takeaway
Homes in Madison Township have sold for 17.6% more than they did a year ago.
Summary: The median home sold price in Madison Township was $299,900 in November 2024, up 17.6% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $212.5K | $135K | -36.5% |
| 2 Bedrooms | $138K | $182.5K | +32.2% |
| 3 Bedrooms | $260K | $288K | +10.8% |
| 4 Bedrooms | $335K | $377K | +12.5% |
| 5+ Bedrooms | $855K | $376K | -56.0% |
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 36.5%, 2 bedroom homes increased by 32.2%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 56%.
Median Sold Price Compared To Nearby Cities
| Madison Township | $255K | $299.9K | +17.6% |
| Washington Township | $255K | $280K | +9.8% |
| Monroe Township | $375.7K | $395K | +5.1% |
| Mc Leansville | $299K | $294.5K | -1.5% |
| Browns Summit | $355K | $315K | -11.3% |
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 |
|---|---|---|
| 53 | 51 | -3.8% |
Summary: The Madison Township real estate market had 51 homes for sale in November 2024, a 3.8% 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 | 9 | 11 | +22.2% |
| 3 Bedrooms | 31 | 28 | -9.7% |
| 4 Bedrooms | 11 | 9 | -18.2% |
| 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 22.2%, 3 bedroom homes decreased by 9.7%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 9 | -25.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 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. 44.4% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Madison Township in November 2024, down by 25.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 22% were sold at asking, and 33% 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 |
|---|---|---|
| 14 Days | 48 Days | +240.2% |
Summary: Homes in Madison Township had an average of 48 days on market in Nov 2024, up by 240.2% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was 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, 9 homes were sold in Madison Township; 67% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
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