$9,500 Closing Credit*
$799,995
1,025 SqFt
2 Beds
•1 Full Bath
Teri ONeal, Listing Office: COMPASS
Is Madison Park, WA 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 Park has remained a Seller's Market.
Key Takeaway
Madison Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Madison Park, WA
How much do homes in Madison Park, WA cost?
Median Sold Price
$2,165,000
$838/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$125,000(+6.1%)
Key Takeaway
Homes in Madison Park have sold for 6.1% more than they did a year ago.
Summary: The median home sold price in Madison Park was $2,165,000 in November 2024, up 6.1% from last year, and the median price per square foot was $838.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $527.5K | $756.5K | +43.4% |
| 2 Bedrooms | $809.5K | $942K | +16.4% |
| 3 Bedrooms | $2.2M | $1.9M | -12.6% |
| 4 Bedrooms | $2.7M | $3.1M | +11.9% |
| 5+ Bedrooms | $3.1M | $4.1M | +28.5% |
Summary: Madison Park housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 43.4%, 2 bedroom homes increased by 16.4%, 3 bedroom homes decreased by 12.6%, 4 bedroom homes increased by 11.9%, and 5+ bedroom homes increased by 28.5%.
Housing Supply in Madison Park, WA
How many homes are available in Madison Park, WA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 30 | 26 | -13.3% |
Summary: The Madison Park real estate market had 26 homes for sale in November 2024, a 13.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 9 | 8 | -11.1% |
| 3 Bedrooms | 11 | 8 | -27.3% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Madison Park 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 decreased by 11.1%, 3 bedroom homes decreased by 27.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Madison Park, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Madison Park in November 2024, down by 14.3% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for Madison Park, WA
How long does it take to sell a home in Madison Park, WA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 1 Day | 55 Days | +5466.7% |
Summary: Homes in Madison Park had an average of 55 days on market in Nov 2024, up by 5466.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Madison Park are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in Madison Park; 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.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.