Is Madge, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Madge is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Madge has remained a Seller's Market.

Key Takeaway

Madge is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Madge, WI

How much do homes in Madge, WI cost?

Median Sold Price

$312,000

$227/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$538,000(-63.3%)

Key Takeaway

Homes in Madge have sold for 63.3% less than they did a month ago.

Summary: The median home sold price in Madge was $312,000 in October 2024, down 63.3% from last month, and the median price per square foot was $227.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 -$199.9K
N/A
2 $280K$312K
+11.4%
3 $850K$811K
-4.6%
4 --
N/A
5+ --
N/A

Summary: Madge 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 increased by 11.4%, 3 bedroom homes decreased by 4.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Stone Lake
-0.6%
Madge
-63.3%
Long Lake
-78.7%

Housing Supply in Madge, WI

How many homes are available in Madge, WI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1615-6.3%

Summary: The Madge real estate market had 15 homes for sale in October 2024, a 6.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 32
-33.3%
3 77
0.0%
4 22
0.0%
5+ 22
0.0%

Summary: The Madge 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 33.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
35+66.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Madge, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.

Summary: A total of 5 homes were sold or pending in Madge in October 2024, up by 66.7% month-over-month. Of the 5 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% were sold over asking.

Days on Market for Madge, WI

How long does it take to sell a home in Madge, WI?

Average Sale Time

Sep 2024Oct 2024CHANGE
11 Days65 Days+495.5%

Summary: Homes in Madge had an average of 65 days on market in Oct 2024, up by 495.5% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Madge has remained consistent over time.

Summary: During October 2024, 5 homes were sold in Madge; 0% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% 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 20 Days Ago

Newest Listings in Madge, WI

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