Is Madison County, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Madison County has remained a Seller's Market.
Housing Prices in Madison County, OH
How much do homes in Madison County, OH cost?
Median Sold Price
$369,108
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Madison County was $369,108 in April 2024, up 6.7% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $137.9K | $46K | -66.7% |
2 Bedrooms | $186K | $207.5K | +11.6% |
3 Bedrooms | $279.9K | $310K | +10.7% |
4 Bedrooms | $465.9K | $509.5K | +9.4% |
5+ Bedrooms | $655K | $784K | +19.7% |
Summary: Madison County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 66.7%, 2 bedroom homes increased by 11.6%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 19.7%.
Median Sold Price Compared To Nearby Counties
Madison County | $345.9K | $369.1K | +6.7% |
Franklin County | $284.9K | $302.7K | +6.2% |
Clark County | $175K | $185K | +5.8% |
Union County | $313.6K | $329.9K | +5.2% |
Champaign County | $225.3K | $215K | -4.6% |
Housing Supply in Madison County, OH
How many homes are available in Madison County, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
225 | 260 | +15.6% |
Summary: The Madison County real estate market had 260 homes for sale in April 2024, a 15.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 17 | 24 | +41.2% |
3 Bedrooms | 104 | 113 | +8.7% |
4 Bedrooms | 63 | 66 | +4.8% |
5+ Bedrooms | 39 | 55 | +41.0% |
Summary: The Madison County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 41.2%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 41%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
53 | 48 | -9.4% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 48 homes were sold or pending in Madison County in April 2024, down by 9.4% month-over-month. Of the 48 sold homes, 38% were sold under asking, 27% were sold at asking, and 35% were sold over asking.
Days on Market for Madison County, OH
How long does it take to sell a home in Madison County, OH?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
44 Days | 35 Days | -21.9% |
Summary: Homes in Madison County had an average of 35 days on market in Apr 2024, down by 21.9% compared to last year.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During April 2024, 48 homes were sold in Madison County; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.