Is Madison, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Madison was a Seller's Market.
Housing Prices in Madison, CT
How much do homes in Madison, CT cost?
Median Sold Price
$643,333
$279/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Madison was $643,333 in April 2024, up 3.8% from last year, and the median price per square foot was $279.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $187.5K | $396.8K | +111.7% |
2 Bedrooms | $402.5K | $500K | +24.2% |
3 Bedrooms | $520K | $597K | +14.8% |
4 Bedrooms | $755K | $792.5K | +5.0% |
5+ Bedrooms | $1.1M | $1.1M | -1.3% |
Summary: Madison housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 111.7%, 2 bedroom homes increased by 24.2%, 3 bedroom homes increased by 14.8%, 4 bedroom homes increased by 5%, and 5+ bedroom homes decreased by 1.3%.
Median Sold Price Compared To Nearby Cities
Killingworth | $440K | $540K | +22.7% |
Clinton | $373K | $413.7K | +10.9% |
Guilford | $520.6K | $571K | +9.7% |
Durham | $402.5K | $430K | +6.8% |
Madison | $619.5K | $643.3K | +3.8% |
Housing Supply in Madison, CT
How many homes are available in Madison, CT?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
70 | 76 | +8.6% |
Summary: The Madison real estate market had 76 homes for sale in April 2024, a 8.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 5 | 0.0% |
2 Bedrooms | 15 | 10 | -33.3% |
3 Bedrooms | 18 | 20 | +11.1% |
4 Bedrooms | 22 | 32 | +45.5% |
5+ Bedrooms | 10 | 9 | -10.0% |
Summary: The Madison 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 decreased by 33.3%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 45.5%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
28 | 9 | -67.9% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Madison in April 2024, down by 67.9% month-over-month. Of the 9 sold homes, 44% were sold under asking, 11% were sold at asking, and 44% were sold over asking.
Days on Market for Madison, CT
We’re sorry, we don't have information for this market at the moment