$1,663 Closing Credit*
$140,000
1,500 SqFt
Susan Gustafson, Listing Office: Susie Gustafson R.E., LLC
Is Madison County, NY 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 County has remained a Seller's Market.
Key Takeaway
Madison County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Madison County, NY
How much do homes in Madison County, NY cost?
Median Sold Price
$229,733
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$9,733(+4.4%)
Key Takeaway
Homes in Madison County have sold for 4.4% more than they did a year ago.
Summary: The median home sold price in Madison County was $229,733 in October 2024, up 4.4% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $152.5K | $99.7K | -34.6% |
| 2 Bedrooms | $152.7K | $155.5K | +1.8% |
| 3 Bedrooms | $214.1K | $229.1K | +7.0% |
| 4 Bedrooms | $285K | $275K | -3.5% |
| 5+ Bedrooms | $193.9K | $329.9K | +70.1% |
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 34.6%, 2 bedroom homes increased by 1.8%, 3 bedroom homes increased by 7%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes increased by 70.1%.
Median Sold Price Compared To Nearby Counties
| Chenango County | $142K | $160K | +12.7% |
| Oswego County | $164.9K | $180K | +9.2% |
| Oneida County | $183.6K | $199.6K | +8.7% |
| Onondaga County | $218.8K | $232.1K | +6.1% |
| Madison County | $220K | $229.7K | +4.4% |
Housing Supply in Madison County, NY
How many homes are available in Madison County, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 260 | 236 | -9.2% |
Summary: The Madison County real estate market had 236 homes for sale in October 2024, a 9.2% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 4 | -20.0% |
| 2 Bedrooms | 30 | 26 | -13.3% |
| 3 Bedrooms | 110 | 107 | -2.7% |
| 4 Bedrooms | 76 | 64 | -15.8% |
| 5+ Bedrooms | 39 | 35 | -10.3% |
Summary: The Madison County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes decreased by 13.3%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes decreased by 15.8%, and 5+ bedroom homes decreased by 10.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 47 | 42 | -10.6% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
18 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. 45.2% of homes here sold below asking price last month.
Summary: A total of 42 homes were sold or pending in Madison County in October 2024, down by 10.6% month-over-month. Of the 42 sold homes, 45% were sold under asking, 12% were sold at asking, and 43% were sold over asking.
Days on Market for Madison County, NY
How long does it take to sell a home in Madison County, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 18 Days | 28 Days | +52.5% |
Summary: Homes in Madison County had an average of 28 days on market in Oct 2024, up by 52.5% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
2 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, 42 homes were sold in Madison County; 69% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
The data relating to real estate on this website comes in part from the Internet Data Exchange program of the Global MLS (GMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.