Is Madison Township, NC 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, Madison Township has remained a Seller's Market.
Housing Prices in Madison Township, NC
How much do homes in Madison Township, NC cost?
Median Sold Price
$268,950
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Madison Township was $268,950 in April 2024, up 7.6% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $212.5K | N/A |
2 Bedrooms | $130K | $171.9K | +32.2% |
3 Bedrooms | $250K | $265K | +6.0% |
4 Bedrooms | $345K | $355.5K | +3.0% |
5+ Bedrooms | $352.5K | $621.5K | +76.3% |
Summary: Madison Township 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 increased by 32.2%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 76.3%.
Median Sold Price Compared To Nearby Cities
Madison Township | $250K | $268.9K | +7.6% |
Mc Leansville | $292.5K | $299.9K | +2.6% |
Washington Township | $260K | $263.8K | +1.5% |
Monroe Township | $374.9K | $378.2K | +0.9% |
Browns Summit | $341K | $327.4K | -4.0% |
Housing Supply in Madison Township, NC
How many homes are available in Madison Township, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
38 | 38 | 0.0% |
Summary: The Madison Township real estate market had 38 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 4 | +100.0% |
3 Bedrooms | 25 | 25 | 0.0% |
4 Bedrooms | 11 | 9 | -18.2% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Madison Township 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 increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 11 | +10.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Madison Township in April 2024, up by 10.0% month-over-month. Of the 11 sold homes, 36% were sold under asking, 45% were sold at asking, and 18% were sold over asking.
Days on Market for Madison Township, NC
How long does it take to sell a home in Madison Township, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
29 Days | 52 Days | +78.4% |
Summary: Homes in Madison Township had an average of 52 days on market in Apr 2024, up by 78.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 11 homes were sold in Madison Township; 55% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.