Madison, VA Housing Market
The Madison housing market is somewhat competitive. The median sale price of a home in Madison was $1.7M last month, up 1036.4% since last year.
Madison Housing Market Trends
In November 2024, Madison home prices were up 1036.4% compared to last year, selling for a median price of $1.7M.

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 12 months
- Some homes get multiple offers.
- The average homes sell for around list price and go pending in around 40 days.
- Hot homescan sell for about 4% above list price and go pending in around 19 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 around list price and go pending in around 54 days.
- Hot homescan sell for about 1% above list price and go pending in around 28 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 2% below list price and go pending in around 48 days.
- Hot homescan sell for around list price and go pending in around 31 days.
Madison Migration & Relocation Trends
- Across the nation, 3% of homebuyers searched to move into Madison from outside metros.
- Hartford homebuyers searched to move into Madison more than any other metro followed by New York and Danville.
- 78% of Madison homebuyers searched to stay within the Madison metropolitan area.
- Salisbury was the most popular destination among Madison homebuyers followed by Virginia Beach and Harrisburg.
Inbound | Net inflow | ||
---|---|---|---|
Metros | Jun '25 - Aug '25 | ||
1 | 2,419 | ||
2 | 1,493 | ||
3 | 224 | ||
4 | 105 | ||
5 | 46 | ||
6 | 11 | ||
7 | 7 | ||
8 | 6 | ||
9 | 5 | ||
10 | 5 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Jun '25 - Aug '25 | ||
1 | 6,369 | ||
2 | 2,276 | ||
3 | 1,931 | ||
4 | 1,654 | ||
5 | 1,578 | ||
6 | 1,393 | ||
7 | 1,319 | ||
8 | 1,138 | ||
9 | 1,043 | ||
10 | 955 |
View houses in Madison that sold recently
Recently sold homes
- $290,000 Last Sold Price3 beds1.5 baths1,000 sq ft400 Laurel Dr, Madison, VA 22727(866) 825-7169List Price$290,000Sale to List0% over listDays on Market63 days400 Laurel Dr, Madison, VA 22727
- $115,000 Last Sold Price—beds—baths—sq ft0 Windmill Ln, Madison, VA 22727(540) 948-6655List Price$115,000Sale to List0% over listDays on Market40 days0 Windmill Ln, Madison, VA 22727
- $560,000 Last Sold Price3 beds3 baths3,534 sq ft279 Carriage Ln, Madison, VA 22727(540) 675-1190List Price$569,900Sale to List2% under listDays on Market127 days279 Carriage Ln, Madison, VA 22727
- $640,000 Last Sold Price4 beds3.5 baths3,000 sq ft161 Half Penny Ln, Madison, VA 22727(540) 948-6655List Price$689,000Sale to List7% under listDays on Market169 days161 Half Penny Ln, Madison, VA 22727
- $410,000 Last Sold Price3 beds2 baths2,184 sq ft573 Liberty Ln, Madison, VA 22727(540) 948-6655List Price$419,000Sale to List2% under listDays on Market54 days573 Liberty Ln, Madison, VA 22727
- $268,900 Last Sold Price2 beds1.5 baths720 sq ft236 Laurel Dr, Madison, VA 22727(703) 935-2308List Price$268,900Sale to List0% over listDays on Market51 days236 Laurel Dr, Madison, VA 22727
- $262,500 Last Sold Price2 beds1 bath864 sq ft1793 Garth Run Rd, Madison, VA 22727List Price$267,500Sale to List2% under listDays on Market29 days1793 Garth Run Rd, Madison, VA 22727
- $293,0003 beds1 bath1,008 sq ft874 Fishback Rd, Madison, VA 22727List Price—Sale to List—Days on Market—874 Fishback Rd, Madison, VA 22727
See all recently sold homes in Madison.
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Schools in Madison
- Elementary
- Middle
- High
GreatSchools Rating
3/10 Waverly Yowell Elementary School Public • 3-5 | 337 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 - Minor
Wind Factor

Wind likelihood over time
Heat Factor - Severe
Heat Factor

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