Is Madison County, NC 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 County was a Seller's Market.
Housing Prices in Madison County, NC
How much do homes in Madison County, NC cost?
Median Sold Price
$423,333
$259/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 $423,333 in April 2024, up 6% from last year, and the median price per square foot was $259.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $273K | $250K | -8.4% |
2 Bedrooms | $329K | $357K | +8.5% |
3 Bedrooms | $420K | $422.5K | +0.6% |
4 Bedrooms | $600K | $625K | +4.2% |
5+ Bedrooms | $840K | $890K | +6.0% |
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 8.4%, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 0.6%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 6%.
Median Sold Price Compared To Nearby Counties
Greene County | $237.6K | $265K | +11.5% |
Haywood County | $336.1K | $373.3K | +11.1% |
Madison County | $399.5K | $423.3K | +6.0% |
Buncombe County | $450.2K | $474.9K | +5.5% |
Cocke County | $230K | $240K | +4.3% |
Housing Supply in Madison County, NC
How many homes are available in Madison County, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
105 | 109 | +3.8% |
Summary: The Madison County real estate market had 109 homes for sale in April 2024, a 3.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 8 | +14.3% |
2 Bedrooms | 21 | 19 | -9.5% |
3 Bedrooms | 60 | 65 | +8.3% |
4 Bedrooms | 10 | 8 | -20.0% |
5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Madison County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes decreased by 9.5%, 3 bedroom homes increased by 8.3%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 15 | 0.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Madison County in April 2024, the same as the previous month. Of the 15 sold homes, 67% were sold under asking, 13% were sold at asking, and 20% were sold over asking.
Days on Market for Madison County, NC
How long does it take to sell a home in Madison County, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
70 Days | 82 Days | +17.0% |
Summary: Homes in Madison County had an average of 82 days on market in Apr 2024, up by 17% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During April 2024, 15 homes were sold in Madison County; 53% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 47% of homes were sold over 90 days.