Is Madison Township, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Madison Township has remained a Seller's Market.
Housing Prices in Madison Township, IN
How much do homes in Madison Township, IN cost?
Median Sold Price
$282,000
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Madison Township was $282,000 in May 2024, down 9.8% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $137K | N/A |
2 Bedrooms | $249.8K | $209K | -16.3% |
3 Bedrooms | $285.5K | $255K | -10.7% |
4 Bedrooms | $337.9K | $318.9K | -5.6% |
5+ Bedrooms | $420.7K | $349.9K | -16.8% |
Summary: Madison Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 16.3%, 3 bedroom homes decreased by 10.7%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes decreased by 16.8%.
Median Sold Price Compared To Nearby Cities
Mooresville | $248.6K | $285K | +14.6% |
Brown Township | $250K | $262.5K | +5.0% |
Camby | $271.5K | $277K | +2.0% |
Madison Township | $312.5K | $282K | -9.8% |
Housing Supply in Madison Township, IN
How many homes are available in Madison Township, IN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
57 | 65 | +14.0% |
Summary: The Madison Township real estate market had 65 homes for sale in May 2024, a 14.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 8 | 12 | +50.0% |
3 Bedrooms | 27 | 29 | +7.4% |
4 Bedrooms | 18 | 20 | +11.1% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Madison Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
15 | 20 | +33.3% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Madison Township in May 2024, up by 33.3% month-over-month. Of the 20 sold homes, 70% were sold under asking, 25% were sold at asking, and 5% were sold over asking.
Days on Market for Madison Township, IN
How long does it take to sell a home in Madison Township, IN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
7 Days | 51 Days | +545.5% |
Summary: Homes in Madison Township had an average of 51 days on market in May 2024, up by 545.5% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 20 homes were sold in Madison Township; 40% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.