Madison, ME Housing Market

Homes for sale

The Madison housing market is somewhat competitive. The median sale price of a home in Madison was $209K last month, up 53.7% since last year. The median sale price per square foot in Madison is $115, up 7.4% since last year.

Trends
Demand
Migration
Schools
Climate

Madison Housing Market Trends

What is the housing market like in Madison today?

$209K

Sale Price

+53.7%
since last year

$115

Sale $/Sq. Ft.

+7.4%
since last year

Under List Price

Days on Market

Down Payment

50.0%

Total Homes Sold

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.

Work with the best agents in Madison

Redfin agents are among the most experienced in the industry, so we know how to help you win in today's market.

How hot is the Madison housing market?

Madison is somewhat competitive. Homes sell in 63 days.

100

Somewhat Competitive

Some homes get multiple offers.
The average homes sell for about 2% below list price and go pending in around 63 days.
Hot homes
can sell for about 1% above list price and go pending in around 42 days.

Compare With Nearby Cities

Waterville

100

Somewhat Competitive

Some homes get multiple offers.
The average homes sell for about 2% below list price and go pending in around 41 days.
Hot homes
can sell for about 2% above list price and go pending in around 19 days.

Farmington

100

Very Competitive

Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 1% below list price and go pending in around 32 days.
Hot homes
can sell for about 2% above list price and go pending in around 9 days.

See more nearby cities and neighborhoods

Madison Migration & Relocation Trends

No data on migration and relocation available in this area right now

Learn about migration trends in nearby cities

View houses in Madison that sold recently

Recently sold homes

SOLD DEC 5, 2024
$180,000 Last Sold Price
3 beds
1 bath
1,092 sq ft
8 Winter St, Madison, ME 04950
List Price
$189,999
Sale to List
5% under list
Days on Market
122 days
8 Winter St, Madison, ME 04950
SOLD DEC 3, 2024
$200,000 Last Sold Price
2 beds
1 bath
1,350 sq ft
571 Thurston Hill Rd, Madison, ME 04950
List Price
$219,000
Sale to List
9% under list
Days on Market
131 days
571 Thurston Hill Rd, Madison, ME 04950
SOLD DEC 3, 2024
$168,000 Last Sold Price
4 beds
2 baths
1,855 sq ft
221 Main St, Madison, ME 04950
List Price
$168,000
Sale to List
0% over list
Days on Market
177 days
221 Main St, Madison, ME 04950
SOLD NOV 27, 2024
$64,000 Last Sold Price
—beds
—baths
—sq ft
234 Ward Hill Rd, Madison, ME 04950
List Price
$67,900
Sale to List
6% under list
Days on Market
36 days
234 Ward Hill Rd, Madison, ME 04950
SOLD NOV 22, 2024
$233,000 Last Sold Price
3 beds
1 bath
1,634 sq ft
16 Locust St, Madison, ME 04950
List Price
$240,000
Sale to List
3% under list
Days on Market
60 days
16 Locust St, Madison, ME 04950
SOLD NOV 19, 2024
$175,000 Last Sold Price
3 beds
1 bath
1,344 sq ft
774 Thurston Hill Rd, Madison, ME 04950
List Price
$190,000
Sale to List
8% under list
Days on Market
46 days
774 Thurston Hill Rd, Madison, ME 04950
SOLD NOV 18, 2024
$155,000 Last Sold Price
—beds
—baths
—sq ft
M9 L2 River Rd, Madison, ME 04950
List Price
$175,000
Sale to List
11% under list
Days on Market
111 days
M9 L2 River Rd, Madison, ME 04950
SOLD NOV 15, 2024
$185,000 Last Sold Price
4 beds
1.5 baths
2,056 sq ft
17 Spring St, Madison, ME 04950
List Price
$199,000
Sale to List
7% under list
Days on Market
227 days
17 Spring St, Madison, ME 04950
See all recently sold homes in Madison.
See listings

Schools in Madison

Learn about schools in the Madison area

Elementary
Middle
High

GreatSchools Rating

5/10 Madison Junior High School Public • 5-8	149 Students	1 reviews
4/10 Madison Elementary School Public • PreK-4	228 Students	4 reviews

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.

Wind Factor - Moderate

100% of properties are at moderate risk of a severe wind event over the next 30 years

Heat Factor - Minor

80% of properties are at minor risk of heat over the next 30 years

Provided by First Street Foundation

More real estate resources for Madison

New Listings in Madison

Zip Code Housing Markets

Nearby City Housing Markets

Zip Code Listings

Nearby City Listings

Rentals

Download the Redfin App on the Apple App Store

Download the Redfin App from the Google Play Store

Join us

Become an Agent

Get referrals

Careers

Find homes faster

About us

Why Redfin?

Community Impact

Diversity & Inclusion

Find us

Become a Lender Partner

Subsidiaries

Rent.

ApartmentGuide

Bay Equity Home Loans

Title Forward

Countries

United States

Canada

Updated January 2023: By searching, you agree to the Terms of Use, and Privacy Policy.

Do not sell or share my personal information.

REDFIN and all REDFIN variants, TITLE FORWARD, WALK SCORE, and the R logos, are trademarks of Redfin Corporation, registered or pending in the USPTO.

California DRE #01521930

Redfin is licensed to do business in New York as Redfin Real Estate. NY Standard Operating Procedures

New Mexico Real Estate Licenses

TREC: Info About Brokerage Services, Consumer Protection Notice

If you are using a screen reader, or having trouble reading this website, please call Redfin Customer Support for help at 1-844-759-7732.

REDFIN IS COMMITTED TO AND ABIDES BY THE FAIR HOUSING ACT AND EQUAL OPPORTUNITY ACT. READ REDFIN'S FAIR HOUSING POLICY AND THE NEW YORK STATE FAIR HOUSING NOTICE.