$4,453 Closing Credit*
$375,000
810 SqFt
2 Beds
•1 Full Bath
Adriana Focke, Listing Office: Check Point Realty
Is Madison South, OR 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 South has remained a Seller's Market.
Key Takeaway
Madison South is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Madison South, OR
How much do homes in Madison South, OR cost?
Median Sold Price
$441,750
$285/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$11,750(+2.7%)
Key Takeaway
Homes in Madison South have sold for 2.7% more than they did a year ago.
Summary: The median home sold price in Madison South was $441,750 in October 2024, up 2.7% from last year, and the median price per square foot was $285.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $260K | $265.9K | +2.3% |
| 2 Bedrooms | $392.7K | $369.5K | -5.9% |
| 3 Bedrooms | $439K | $464.9K | +5.9% |
| 4 Bedrooms | $490K | $480K | -2.0% |
| 5+ Bedrooms | $655K | $462.4K | -29.4% |
Summary: Madison South housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.3%, 2 bedroom homes decreased by 5.9%, 3 bedroom homes increased by 5.9%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes decreased by 29.4%.
Housing Supply in Madison South, OR
How many homes are available in Madison South, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 32 | 30 | -6.3% |
Summary: The Madison South real estate market had 30 homes for sale in October 2024, a 6.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 12 | 9 | -25.0% |
| 3 Bedrooms | 11 | 10 | -9.1% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Madison South housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 6 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Madison South, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Madison South in October 2024, down by 33.3% month-over-month. Of the 6 sold homes, 17% were sold under asking, 17% were sold at asking, and 67% were sold over asking.
Days on Market for Madison South, OR
How long does it take to sell a home in Madison South, OR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 23 Days | 32 Days | +36.9% |
Summary: Homes in Madison South had an average of 32 days on market in Oct 2024, up by 36.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Madison South are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in Madison South; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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