Madison, IN Housing Market
The Madison housing market is somewhat competitive. The median sale price of a home in Madison was $279K last month, up 25.6% since last year. The median sale price per square foot in Madison is $179, up 32.1% since last year.
Madison Housing Market Trends
In October 2024, Madison home prices were up 25.6% compared to last year, selling for a median price of $279K. On average, homes in Madison sell after 56 days on the market compared to 20 days last year. There were 13 homes sold in October this year, down from 18 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 5% below list price and go pending in around 42 days.
- Hot homescan sell for about 2% below list price and go pending in around 8 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 4% below list price and go pending in around 14 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 6 months
- Some homes get multiple offers.
- The average homes sell for about 4% below list price and go pending in around 41 days.
- Hot homescan sell for around list price and go pending in around 9 days.
Madison Migration & Relocation Trends
View houses in Madison that sold recently
Recently sold homes
- $113,500 Last Sold Price—beds—baths—sq ft4343 E Pleasant Ridge Rd, Madison, IN 47250List Price$125,000Sale to List9% under listDays on Market128 days4343 E Pleasant Ridge Rd, Madison, IN 47250
- $209,900 Last Sold Price3 beds2 baths1,104 sq ft1395 E Wehner Ln, Madison, IN 47250List Price$209,900Sale to List0% over listDays on Market50 days1395 E Wehner Ln, Madison, IN 47250
- $229,900 Last Sold Price3 beds1.5 baths1,672 sq ft315 Crestwood Dr, Madison, IN 47250List Price$239,900Sale to List4% under listDays on Market85 days315 Crestwood Dr, Madison, IN 47250
- $143,000 Last Sold Price2 beds2 baths1,980 sq ft1145 W Second St, Madison, IN 47250List Price$159,900Sale to List11% under listDays on Market38 days1145 W Second St, Madison, IN 47250
- $252,000 Last Sold Price3 beds2 baths1,478 sq ft404 Maple Hill Dr, Madison, IN 47250List Price$259,900Sale to List3% under listDays on Market32 days404 Maple Hill Dr, Madison, IN 47250
- $495,000 Last Sold Price3 beds2 baths1,792 sq ft5425 W County Road 1050 S, Madison, IN 47250List Price$514,900Sale to List4% under listDays on Market123 days5425 W County Road 1050 S, Madison, IN 47250
- $237,900 Last Sold Price4 beds1 bath2,016 sq ft1186 N Thompson Rd, Madison, IN 47250List Price$229,900Sale to List3% over listDays on Market116 days1186 N Thompson Rd, Madison, IN 47250
- $63,000 Last Sold Price0 beds—baths882 sq ft8144 N Us 421, Madison, IN 47250List Price$69,900Sale to List10% under listDays on Market100 days8144 N Us 421, 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 | 306 Students | 4 reviews |
5/10 Anderson Elementary School Public • PreK-4 | 420 Students | 4 reviews |
5/10 Madison Consolidated Junior High School Public • 4-8 | 814 Students | 6 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 - Major
Flood Factor
Fire Factor - Moderate
Fire Factor
Wind Factor - Minor
Wind Factor
Wind likelihood over time
Heat Factor - Major
Heat Factor
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