$2,925,000
300.00 Acres
Land
Larry Jacobs, Listing Office: Jacobs Properties
Is Madison County, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller'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
$249,500
$138/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$464,350(-65.0%)
Key Takeaway
Homes in Madison County have sold for 65% less than they did a month ago.
Summary: The median home sold price in Madison County was $249,500 in November 2024, down 65% from last month, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $928.7K | $200K | -78.5% |
| 4 Bedrooms | $499K | $299K | -40.1% |
| 5+ Bedrooms | - | - | N/A |
Summary: Madison County housing prices by bedroom type for November 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 decreased by 78.5%, 4 bedroom homes decreased by 40.1%, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 50 | 53 | +6.0% |
Summary: The Madison County real estate market had 53 homes for sale in November 2024, a 6.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 7 | 9 | +28.6% |
| 3 Bedrooms | 26 | 25 | -3.8% |
| 4 Bedrooms | 12 | 14 | +16.7% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Madison County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 28.6%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 2 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 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. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Madison County in November 2024, down by 66.7% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 87 Days | 198 Days | +127.6% |
Summary: Homes in Madison County had an average of 198 days on market in Nov 2024, up by 127.6% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 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 November 2024, 2 homes were sold in Madison County; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
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