Madison, IN Housing Market
The Madison housing market is somewhat competitive. The median sale price of a home in Madison was $262K last month, up 15.2% since last year. The median sale price per square foot in Madison is $146, down 1.0% since last year.
Madison Housing Market Trends
In March 2024, Madison home prices were up 15.2% compared to last year, selling for a median price of $262K. On average, homes in Madison sell after 72 days on the market compared to 13 days last year. There were 22 homes sold in March this year, up from 13 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 4% below list price and go pending in around 32 days.
- Hot homescan sell for around list price and go pending in around 10 days.
Madison Migration & Relocation Trends
Home offer insights for Madison
Recent offers
View houses in Madison that sold recently
Recently sold homes
- $480,000 Last Sold Price3 beds3.5 baths4,088 sq ft2349 Woods Edge Dr, Madison, IN 47250List Price$489,900Sale to List2% under listDays on Market32 days2349 Woods Edge Dr, Madison, IN 47250
- $340,000 Last Sold Price2 beds2 baths1,674 sq ft1010 E First St, Madison, IN 47250List Price$345,000Sale to List1% under listDays on Market176 days1010 E First St, Madison, IN 47250
- $320,000 Last Sold Price3 beds2 baths2,143 sq ft2047 Wells Dr, Madison, IN 47250List Price$329,900Sale to List3% under listDays on Market52 days2047 Wells Dr, Madison, IN 47250
- $228,000 Last Sold Price3 beds1.5 baths2,544 sq ft2034 Wells Dr, Madison, IN 47250List Price$239,900Sale to List5% under listDays on Market90 days2034 Wells Dr, Madison, IN 47250
- $143,500 Last Sold Price3 beds1 bath960 sq ft2491 Franks Dr, Madison, IN 47250List Price$155,000Sale to List7% under listDays on Market117 days2491 Franks Dr, Madison, IN 47250
- $127,900 Last Sold Price2 beds1 bath896 sq ft1640 Washington Ave, Madison, IN 47250List Price$127,900Sale to List0% over listDays on Market58 days1640 Washington Ave, Madison, IN 47250
- $210,000 Last Sold Price2 beds1 bath1,262 sq ft806 E First St, Madison, IN 47250List Price$224,000Sale to List6% under listDays on Market44 days806 E First St, Madison, IN 47250
- $280,000 Last Sold Price4 beds2 baths1,824 sq ft2034 Ridgewood Ln, Madison, IN 47250List Price$280,000Sale to List0% over listDays on Market48 days2034 Ridgewood Ln, Madison, IN 47250
See all recently sold homes in Madison.
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Schools in Madison
- Elementary
- Middle
- High
GreatSchools Rating
7/10 Lydia Middleton Elementary School Public • PreK-4 | 314 Students | 4 reviews |
5/10 Madison Consolidated Junior High School Public • 4-8 | 847 Students | 6 reviews |
4/10 Anderson Elementary School Public • PreK-4 | 345 Students | 4 reviews |
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 - Severe
Flood Factor
Fire Factor - Moderate
Fire Factor
Wind Factor - Minor
Wind Factor
Wind likelihood over time
Heat Factor - Major
Heat Factor
Transportation in Madison
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