$10,000 Closing Credit*
$915,000
1,108 SqFt
2 Beds
•2 Baths
Alexandra Schwartz, Listing Office: Windermere Bellevue Commons
Is Madison Park, WA 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 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
$1,275,000
$711/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$975,000(-43.3%)
Key Takeaway
Homes in Madison Park have sold for 43.3% less than they did a month ago.
Summary: The median home sold price in Madison Park was $1,275,000 in October 2024, down 43.3% from last month, and the median price per square foot was $711.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $1.0M | $847.7K | -21.1% |
| 3 Bedrooms | - | $1.6M | N/A |
| 4 Bedrooms | $3.4M | $1.8M | -45.3% |
| 5+ Bedrooms | - | - | N/A |
Summary: Madison Park 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 decreased by 21.1%, 3 bedroom homes did not change, 4 bedroom homes decreased by 45.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Loch-Gilvra | $1.0M | $1.5M | +46.5% |
| Madison Park | $2.2M | $1.2M | -43.3% |
Housing Supply in Madison Park, WA
How many homes are available in Madison Park, WA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 33 | 33 | 0.0% |
Summary: The Madison Park real estate market had 33 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 11 | 9 | -18.2% |
| 3 Bedrooms | 9 | 12 | +33.3% |
| 4 Bedrooms | 9 | 6 | -33.3% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Madison Park housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 18.2%, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 7 | -22.2% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Madison Park, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Madison Park in October 2024, down by 22.2% month-over-month. Of the 7 sold homes, 29% were sold under asking, 29% were sold at asking, and 43% 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 50 Days | 33 Days | -35.2% |
Summary: Homes in Madison Park had an average of 33 days on market in Oct 2024, down by 35.2% compared to last month.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Madison Park are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in Madison Park; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% 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.