$2,244 Closing Credit*
$189,000
3,802 SqFt
5 Beds
•2 Full Baths, 1 Partial
Debra Peters, Listing Office: Boone Realty, LLC
Is Madison, WV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Madison was a Neutral Market.
Key Takeaway
Madison is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Madison, WV
How much do homes in Madison, WV cost?
Median Sold Price
$147,500
$79/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$32,500(+28.3%)
Key Takeaway
Homes in Madison have sold for 28.3% more than they did a year ago.
Summary: The median home sold price in Madison was $147,500 in October 2024, up 28.3% from last year, and the median price per square foot was $79.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $87K | $94.3K | +8.4% |
| 3 Bedrooms | $108K | $149.6K | +38.5% |
| 4 Bedrooms | $250K | $150K | -40.0% |
| 5+ Bedrooms | $625K | $212.5K | -66.0% |
Summary: Madison housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.4%, 3 bedroom homes increased by 38.5%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes decreased by 66%.
Housing Supply in Madison, WV
How many homes are available in Madison, WV?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 15 | 0.0% |
Summary: The Madison real estate market had 15 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 11 | 11 | 0.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Madison 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
0 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 Madison, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Madison in October 2024, down by 33.3% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Madison, WV
How long does it take to sell a home in Madison, WV?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 11 Days | 5 Days | -50.0% |
Summary: Homes in Madison had an average of 5 days on market in Oct 2024, down by 50% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Madison are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Madison; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
