Is Madera Southeast, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Madera Southeast has remained a Seller's Market.
Housing Prices in Madera Southeast, CA
How much do homes in Madera Southeast, CA cost?
Median Sold Price
$515,425
$251/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Madera Southeast was $515,425 in April 2024, up 3.1% from last year, and the median price per square foot was $251.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $363.7K | N/A |
3 Bedrooms | $460K | $460.3K | 0.1% |
4 Bedrooms | $562.5K | $529.9K | -5.8% |
5+ Bedrooms | $573.4K | $559.6K | -2.4% |
Summary: Madera Southeast housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 0.1%, 4 bedroom homes decreased by 5.8%, and 5+ bedroom homes decreased by 2.4%.
Median Sold Price Compared To Nearby Cities
Friant | $570K | $621.9K | +9.1% |
Oakhurst-North Fork | $437K | $467.3K | +6.9% |
Madera Southeast | $500K | $515.4K | +3.1% |
Fresno | $380K | $384.8K | +1.3% |
Housing Supply in Madera Southeast, CA
How many homes are available in Madera Southeast, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
41 | 48 | +17.1% |
Summary: The Madera Southeast real estate market had 48 homes for sale in April 2024, a 17.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 11 | 10 | -9.1% |
4 Bedrooms | 21 | 25 | +19.0% |
5+ Bedrooms | 7 | 11 | +57.1% |
Summary: The Madera Southeast 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 remained the same, 3 bedroom homes decreased by 9.1%, 4 bedroom homes increased by 19%, and 5+ bedroom homes increased by 57.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 13 | +85.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Madera Southeast in April 2024, up by 85.7% month-over-month. Of the 13 sold homes, 46% were sold under asking, 31% were sold at asking, and 23% were sold over asking.
Days on Market for Madera Southeast, CA
How long does it take to sell a home in Madera Southeast, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
57 Days | 49 Days | -13.8% |
Summary: Homes in Madera Southeast had an average of 49 days on market in Apr 2024, down by 13.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 13 homes were sold in Madera Southeast; 46% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.