Madison, MS Housing Market
The Madison housing market is somewhat competitive. The median sale price of a home in Madison was $387K last month, up 16.2% since last year. The median sale price per square foot in Madison is $161, up 7.3% since last year.
Madison Housing Market Trends
In March 2024, Madison home prices were up 16.2% compared to last year, selling for a median price of $387K. On average, homes in Madison sell after 15 days on the market compared to 30 days last year. There were 33 homes sold in March this year, up from 29 last year.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Madison housing market?
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 2% below list price and go pending in around 27 days.
- Hot homescan sell for around list price and go pending in around 4 days.
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 32 days.
- Hot homescan sell for around list price and go pending in around 4 days.
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 12 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 3% below list price and go pending in around 23 days.
- Hot homescan sell for around list price and go pending in around 6 days.
Madison Migration & Relocation Trends
- Across the nation, 0.08% 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 Chicago and Dallas.
- 62% of Madison homebuyers searched to stay within the Madison metropolitan area.
- Memphis was the most popular destination among Madison homebuyers followed by Gulfport and Mobile.
Inbound | Net inflow | ||
---|---|---|---|
Metros | Feb '24 - Apr '24 | ||
1 | 97 | ||
2 | 50 | ||
3 | 35 | ||
4 | 32 | ||
5 | 31 | ||
6 | 31 | ||
7 | 26 | ||
8 | 24 | ||
9 | 24 | ||
10 | 22 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Feb '24 - Apr '24 | ||
1 | 62 | ||
2 | 13 | ||
3 | 9 | ||
4 | 6 | ||
5 | 5 | ||
6 | 3 | ||
7 | 2 | ||
8 | 1 | ||
9 | 1 | ||
10 | 1 |
Home offer insights for Madison
Recent offers
- Offer Not Accepted|5 Weeks Ago~$150K OfferSold for $175K3 bd | 2 ba | ~1,500 sqftUnder List Price16%Days on Market80Competing Offers—Down Payment—
- Offer Not Accepted|6 Weeks Ago~$175K OfferSold for $175K3 bd | 2 ba | ~1,500 sqftUnder List Price9%Days on Market80Competing Offers—Down Payment—
View houses in Madison that sold recently
Recently sold homes
- $489,900 Last List Price4 beds3 baths2,501 sq ft102 St. Charles Drive Dr, Madison, MS 39110Days on Market28 days102 St. Charles Drive Dr, Madison, MS 39110
- $740,000 Last List Price5 beds4.5 baths3,844 sq ft127 Wethersfield Dr, Madison, MS 39110Days on Market55 days127 Wethersfield Dr, Madison, MS 39110
- $386,000 Last List Price3 beds2 baths1,905 sq ft120 Lakecrest Dr, Madison, MS 39110Days on Market142 days120 Lakecrest Dr, Madison, MS 39110
- $510,000 Last List Price4 beds3 baths2,415 sq ft264 Kingswood Pl, Madison, MS 39110Days on Market47 days264 Kingswood Pl, Madison, MS 39110
- $199,900 Last List Price—beds—baths—sq ft29 Chantry Ln, Madison, MS 39110Days on Market193 days29 Chantry Ln, Madison, MS 39110
- $245,000 Last List Price3 beds2 baths1,381 sq ft429 Church St, Madison, MS 39110Days on Market110 days429 Church St, Madison, MS 39110
- $496,000 Last List Price4 beds3 baths2,520 sq ft357 Wellstone Pl, Madison, MS 39110Days on Market15 days357 Wellstone Pl, Madison, MS 39110
- $75,500 Last List Price—beds—baths—sq ftLot 142 Genoa Dr, Madison, MS 39110Days on Market464 daysLot 142 Genoa Dr, Madison, MS 39110
See all recently sold homes in Madison.
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Schools in Madison
- Elementary
- Middle
- High
GreatSchools Rating
NR Madison Station Elementary School Public • K-5 | 1018 Students | 9 reviews |
NR Madison Avenue Upper Elementary School Public • 3-5 | 478 Students | 3 reviews |
NR Madison Crossing Elementary School Public • K-5 | 708 Students | 6 reviews |
NR Madison Avenue Lower Elementary School Public • K-2 | 475 Students | 9 reviews |
NR Madison Co. Alternative School Public • 1-12 | - Students | N/A |
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 - Minor
Flood Factor
Fire Factor - Moderate
Fire Factor
Wind Factor - Severe
Wind Factor
Wind likelihood over time
Heat Factor - Severe
Heat Factor
Transportation in Madison
Walk Score®
Bike Score®
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