Is Madisonville, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Madisonville is a neutral's market

Buyer's
Market

Difference Since December 2023

At the same time last year, Madisonville was a Seller's Market.

Key Takeaway

Madisonville is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Madisonville, TX

How much do homes in Madisonville, TX cost?

Median Sold Price

$247,000

$142/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$52,000(+26.7%)

Key Takeaway

Homes in Madisonville have sold for 26.7% more than they did a year ago.

Summary: The median home sold price in Madisonville was $247,000 in December 2024, up 26.7% from last year, and the median price per square foot was $142.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 -$55K
N/A
2 $78K$127.5K
+63.5%
3 $200K$244.9K
+22.5%
4 $275K$291.3K
+5.9%
5+ $285K$477.5K
+67.5%

Summary: Madisonville housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 63.5%, 3 bedroom homes increased by 22.5%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 67.5%.

Housing Supply in Madisonville, TX

How many homes are available in Madisonville, TX?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
2419-20.8%

Summary: The Madisonville real estate market had 19 homes for sale in December 2024, a 20.8% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 44
0.0%
3 119
-18.2%
4 74
-42.9%
5+ 22
0.0%

Summary: The Madisonville 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 18.2%, 4 bedroom homes decreased by 42.9%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
330.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Madisonville, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Madisonville in December 2024, the same as the previous month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Madisonville, TX

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

Average Sale Time

Dec 2023Dec 2024CHANGE
194 Days71 Days-63.2%

Summary: Homes in Madisonville had an average of 71 days on market in Dec 2024, down by 63.2% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Madisonville are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During December 2024, 3 homes were sold in Madisonville; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% 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 4 Days Ago

Newest Listings in Madisonville, TX

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