$399,900
20.00 Acres
Land
#224039824, Scott Fader, Listing Office: Joseph Walter Realty, LLC
Is Madison County, OH 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, OH
How much do homes in Madison County, OH cost?
Median Sold Price
$401,590
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$43,001(+12.0%)
Key Takeaway
Homes in Madison County have sold for 12% more than they did a year ago.
Summary: The median home sold price in Madison County was $401,590 in October 2024, up 12% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $204.9K | - | N/A |
| 2 Bedrooms | $215K | $205K | -4.7% |
| 3 Bedrooms | $290.2K | $320.5K | +10.4% |
| 4 Bedrooms | $500K | $507.5K | +1.5% |
| 5+ Bedrooms | $748.5K | $911.5K | +21.8% |
Summary: Madison County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.7%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes increased by 21.8%.
Median Sold Price Compared To Nearby Counties
| Madison County | $358.5K | $401.5K | +12.0% |
| Clark County | $175K | $189.8K | +8.5% |
| Champaign County | $219.7K | $214.5K | -2.4% |
Housing Supply in Madison County, OH
How many homes are available in Madison County, OH?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 61 | 47 | -23.0% |
Summary: The Madison County real estate market had 47 homes for sale in October 2024, a 23.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 4 | -33.3% |
| 3 Bedrooms | 21 | 19 | -9.5% |
| 4 Bedrooms | 20 | 16 | -20.0% |
| 5+ Bedrooms | 14 | 8 | -42.9% |
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 decreased by 33.3%, 3 bedroom homes decreased by 9.5%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 42.9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 9 | -43.8% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Madison County, you may be able to get a good deal. 66.7% 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 43.8% month-over-month. Of the 9 sold homes, 67% were sold under asking, 22% were sold at asking, and 11% were sold over asking.
Days on Market for Madison County, OH
How long does it take to sell a home in Madison County, OH?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 37 Days | 117 Days | +210.7% |
Summary: Homes in Madison County had an average of 117 days on market in Oct 2024, up by 210.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Madison County are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 9 homes were sold in Madison County; 11% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
The information is being provided by Columbus and Central Ohio Regional Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. 
This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are marked with the BR logo and detailed information about them includes the name of the listing brokers. Information Deemed Reliable But Not Guaranteed. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright © 2024 DABR MLS. All Rights Reserved