The Madison housing market is very competitive. The median sale price of a home in Madison was $835K last month, down 11.6% since last year. The median sale price per square foot in Madison is $388, down 5.6% since last year.
In July 2025, Madison home prices were down 11.6% compared to last year, selling for a median price of $835K. On average, homes in Madison sell after 24 days on the market compared to 35 days last year. There were 32 homes sold in July this year, down from 38 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$835,000
-11.6% YoY | Jul 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Jul 2025
Growth
% YoY
Madison, NJ
$835,000
-11.6%
United States
To compare other locations to the Madison and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Madison add value to a home.
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How hot is the Madison housing market?
Madison is very competitive. Homes sell in 28 days.
0
100
81
Very 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
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 5% above list price and go pending in around 28 days.
Hot homes
can sell for about 10% above list price and go pending in around 16 days.
All Home Types
Sale-to-List PriceAll Home Types
Sale-to-List Price
(All Home Types)
106.3%
+3.5 pt YoY | Jul 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Jul 2025
Growth
% YoY
Madison, NJ
106.3%
+3.5 pt
United States
Madison Migration & Relocation Trends
In Jun '25 - Aug '25, 32% of Madison homebuyers searched to move out of Madison, while 68% looked to stay within the metropolitan area.
Where are people moving to Madison from?
Across the nation, 3% of homebuyers searched to move into Madison from outside metros.
Los Angeles homebuyers searched to move into Madison more than any other metro followed by Hermiston and Laredo.
Where are people from Madison moving to?
68% of Madison homebuyers searched to stay within the Madison metropolitan area.
Miami was the most popular destination among Madison homebuyers followed by Boston and Philadelphia.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Home offer insights for Madison
Explore recent offers and recently sold homes in Madison
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.
Flood Factor - Major
14% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Madison has a major risk of flooding. 406 properties in Madison are likely to be
severely affected
by flooding over the next 30 years. This represents 14% of all properties in Madison. Flood risk is increasing slower than the national average.
3% of properties are at risk of wildfire over the next 30 years
Fire Factor
Madison has a moderate risk of wildfire. There are 173 properties in Madison that have some risk of being affected by wildfire over the next 30 years. This represents 3% of all properties in Madison.
100% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
Madison has a Major 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. 4,700 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 83 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 91 mph.