$375,000
18.40 Acres
Land
Lisa Keefe, Listing Office: JLA Realty
Is Madisonville, 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, Madisonville has remained a Buyer's Market.
Key Takeaway
Madisonville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Madisonville, TX
How much do homes in Madisonville, TX cost?
Median Sold Price
$443,500
$251/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$92,000(+26.2%)
Key Takeaway
Homes in Madisonville have sold for 26.2% more than they did a month ago.
Summary: The median home sold price in Madisonville was $443,500 in October 2024, up 26.2% from last month, and the median price per square foot was $251.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $458K | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $245K | $388K | +58.4% |
| 4 Bedrooms | - | $499K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Madisonville housing prices by bedroom type for October 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 58.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Madisonville, TX
How many homes are available in Madisonville, TX?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 31 | +19.2% |
Summary: The Madisonville real estate market had 31 homes for sale in October 2024, a 19.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 16 | 17 | +6.3% |
| 4 Bedrooms | 5 | 8 | +60.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Madisonville housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 60%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Madisonville, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Madisonville in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 65 Days | 87 Days | +34.2% |
Summary: Homes in Madisonville had an average of 87 days on market in Oct 2024, up by 34.2% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
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 October 2024, 4 homes were sold in Madisonville; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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