Is Madison County, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Madison County is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Madison County has remained a Buyer's Market.

Key Takeaway

Madison County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Madison County, TX

How much do homes in Madison County, TX cost?

Median Sold Price

$237,150

$122/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

-$46,449(-16.4%)

Key Takeaway

Homes in Madison County have sold for 16.4% less than they did a month ago.

Summary: The median home sold price in Madison County was $237,150 in December 2024, down 16.4% from last month, and the median price per square foot was $122.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 -$25K
N/A
3 $200K$237.1K
+18.6%
4 $291.3K$500K
+71.6%
5+ --
N/A

Summary: Madison County housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 18.6%, 4 bedroom homes increased by 71.6%, and 5+ bedroom homes did not change.

Housing Supply in Madison County, TX

How many homes are available in Madison County, TX?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
3733-10.8%

Summary: The Madison County real estate market had 33 homes for sale in December 2024, a 10.8% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 11
0.0%
2 55
0.0%
3 1716
-5.9%
4 118
-27.3%
5+ 33
0.0%

Summary: The Madison County housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 5.9%, 4 bedroom homes decreased by 27.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
34+33.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Madison County, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Madison County in December 2024, up by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.

Days on Market for Madison County, TX

How long does it take to sell a home in Madison County, TX?

Average Sale Time

Nov 2024Dec 2024CHANGE
253 Days134 Days-46.9%

Summary: Homes in Madison County had an average of 134 days on market in Dec 2024, down by 46.9% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

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 December 2024, 4 homes were sold in Madison County; 25% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 75% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 6 Days Ago

Newest Listings in Madison County, TX

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