The Madison housing market is somewhat competitive. The median sale price of a home in Madison was $369K last month, up 6.1% since last year. The median sale price per square foot in Madison is $232, down 9.02% since last year.
In April 2024, Madison home prices were up 6.1% compared to last year, selling for a median price of $369K. On average, homes in Madison sell after 47 days on the market compared to 52 days last year. There were 148 homes sold in April this year, up from 138 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$368,750
+6.1% YoY | Apr 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Apr 2024
Growth
% YoY
Madison, TN
$368,750
+6.1%
United States
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How hot is the Madison housing market?
Madison is somewhat competitive. Homes sell in 46.5 days.
0
100
45
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Some homes get multiple offers.
The average homes sell for about 3% below list price and go pending in around 47 days.
Hot homes
can sell for around list price and go pending in around 23 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Madison housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Madison.
Risk Factor
Flood Factor - Major
18% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Madison has a major risk of flooding. 2,284 properties in Madison are likely to be
severely affected
by flooding over the next 30 years. This represents 18% of all properties in Madison. Flood risk is increasing slower than the national average.
60% of properties are at risk of wildfire over the next 30 years
Fire Factor
Madison has a moderate risk of wildfire. There are 10,787 properties in Madison that have some risk of being affected by wildfire over the next 30 years. This represents 60% of all properties in Madison.
100% of properties are at moderate
risk of a severe wind event over the next 30 years
Wind Factor
Madison has a Moderate Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Madison is most at risk from hurricanes. 17,743 properties in Madison have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 65 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 74 mph.