Is Madera, CA 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, Madera has remained a Seller's Market.
Housing Prices in Madera, CA
How much do homes in Madera, CA cost?
Median Sold Price
$429,997
$241/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Madera was $429,997 in May 2024, up 4.9% from last year, and the median price per square foot was $241.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $220.5K | $175.5K | -20.4% |
2 Bedrooms | $247K | $242.5K | -1.8% |
3 Bedrooms | $390K | $400K | +2.6% |
4 Bedrooms | $453.4K | $471.3K | +3.9% |
5+ Bedrooms | $460.7K | $489K | +6.1% |
Summary: Madera housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20.4%, 2 bedroom homes decreased by 1.8%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 6.1%.
Housing Supply in Madera, CA
How many homes are available in Madera, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
242 | 253 | +4.5% |
Summary: The Madera real estate market had 253 homes for sale in May 2024, a 4.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 15 | 22 | +46.7% |
3 Bedrooms | 101 | 112 | +10.9% |
4 Bedrooms | 92 | 86 | -6.5% |
5+ Bedrooms | 34 | 32 | -5.9% |
Summary: The Madera housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 46.7%, 3 bedroom homes increased by 10.9%, 4 bedroom homes decreased by 6.5%, and 5+ bedroom homes decreased by 5.9%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
64 | 62 | -3.1% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Summary: A total of 62 homes were sold or pending in Madera in May 2024, down by 3.1% month-over-month. Of the 62 sold homes, 42% were sold under asking, 27% were sold at asking, and 31% were sold over asking.
Days on Market for Madera, CA
How long does it take to sell a home in Madera, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
50 Days | 33 Days | -33.1% |
Summary: Homes in Madera had an average of 33 days on market in May 2024, down by 33.1% compared to last year.
Breakdown of Home Sale Times
43 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During May 2024, 62 homes were sold in Madera; 69% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.