Is Madison County, AR 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 County has remained a Seller's Market.
Housing Prices in Madison County, AR
How much do homes in Madison County, AR cost?
Median Sold Price
$220,000
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Madison County was $220,000 in May 2024, down 11.1% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $140K | $165.6K | +18.3% |
2 Bedrooms | $190K | $199.5K | +5.0% |
3 Bedrooms | $237.9K | $215K | -9.6% |
4 Bedrooms | $300K | $430.5K | +43.5% |
5+ Bedrooms | $595K | $307K | -48.4% |
Summary: Madison County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.3%, 2 bedroom homes increased by 5%, 3 bedroom homes decreased by 9.6%, 4 bedroom homes increased by 43.5%, and 5+ bedroom homes decreased by 48.4%.
Median Sold Price Compared To Nearby Counties
Carroll County | $245K | $260.6K | +6.4% |
Washington County | $324.9K | $339.6K | +4.5% |
Benton County | $350K | $365.2K | +4.3% |
Madison County | $247.5K | $220K | -11.1% |
Housing Supply in Madison County, AR
How many homes are available in Madison County, AR?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
57 | 59 | +3.5% |
Summary: The Madison County real estate market had 59 homes for sale in May 2024, a 3.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 6 | 8 | +33.3% |
3 Bedrooms | 34 | 35 | +2.9% |
4 Bedrooms | 13 | 11 | -15.4% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Madison County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 2.9%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 11 | +37.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Madison County in May 2024, up by 37.5% month-over-month. Of the 11 sold homes, 55% were sold under asking, 45% were sold at asking, and 0% were sold over asking.
Days on Market for Madison County, AR
How long does it take to sell a home in Madison County, AR?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
58 Days | 102 Days | +73.5% |
Summary: Homes in Madison County had an average of 102 days on market in May 2024, up by 73.5% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 11 homes were sold in Madison County; 0% of homes were sold within 30 days, 73% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.