$1,520 Closing Credit*
$128,000
1,336 SqFt
3 Beds
•1 Full Bath
Nada Woodie, 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 November 2023
At the same time last year, Madison was a Seller's 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
$150,000
$78/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$35,000(+30.4%)
Key Takeaway
Homes in Madison have sold for 30.4% more than they did a year ago.
Summary: The median home sold price in Madison was $150,000 in November 2024, up 30.4% from last year, and the median price per square foot was $78.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $69.9K | $116K | +66.0% |
| 3 Bedrooms | $111.5K | $128.8K | +15.6% |
| 4 Bedrooms | $250K | $150K | -40.0% |
| 5+ Bedrooms | $625K | $212.5K | -66.0% |
Summary: Madison housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 66%, 3 bedroom homes increased by 15.6%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes decreased by 66%.
Median Sold Price Compared To Nearby Cities
| Madison | $115K | $150K | +30.4% |
| Foster | $178K | $173.5K | -2.5% |
Housing Supply in Madison, WV
How many homes are available in Madison, WV?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 13 | -7.1% |
Summary: The Madison real estate market had 13 homes for sale in November 2024, a 7.1% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 10 | 8 | -20.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Madison 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 remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Madison, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Madison in November 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 80 Days | 3 Days | -96.3% |
Summary: Homes in Madison had an average of 3 days on market in Nov 2024, down by 96.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was 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 November 2024, 1 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.
