$5,403 Closing Credit*
$455,000
1,442 SqFt
3 Beds
•2 Full Baths
Michelle Holmes, Sharon Parmenter, Listing Office: Opendoor Brokerage LLC
Is Madison South, OR 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 South has remained a Buyer's Market.
Key Takeaway
Madison South is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Madison South, OR
How much do homes in Madison South, OR cost?
Median Sold Price
$441,750
$284/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$16,750(+3.9%)
Key Takeaway
Homes in Madison South have sold for 3.9% more than they did a year ago.
Summary: The median home sold price in Madison South was $441,750 in November 2024, up 3.9% from last year, and the median price per square foot was $284.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $255K | $277.9K | +9.0% |
| 2 Bedrooms | $390K | $358K | -8.2% |
| 3 Bedrooms | $433.5K | $464.9K | +7.3% |
| 4 Bedrooms | $490K | $477.5K | -2.6% |
| 5+ Bedrooms | $655K | $462.4K | -29.4% |
Summary: Madison South housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9%, 2 bedroom homes decreased by 8.2%, 3 bedroom homes increased by 7.3%, 4 bedroom homes decreased by 2.6%, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 29 | 24 | -17.2% |
Summary: The Madison South real estate market had 24 homes for sale in November 2024, a 17.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 8 | 9 | +12.5% |
| 3 Bedrooms | 10 | 6 | -40.0% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Madison South housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 12.5%, 3 bedroom homes decreased by 40%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 3 | -50.0% |
Asking Price vs. Sold Price
0 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 South, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Madison South in November 2024, down by 50.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 67% were sold at asking, and 33% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 62 Days | 66 Days | +7.0% |
Summary: Homes in Madison South had an average of 66 days on market in Nov 2024, up by 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
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Madison South are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Madison South; 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.
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