The Madison Area housing market is somewhat competitive. The median sale price of a home in Madison Area was $207K last month, up 29.4% since last year. The median sale price per square foot in Madison Area is $155, up 53.5% since last year.
What is the housing market like in Madison Area today?
In March 2024, Madison Area home prices were up 29.4% compared to last year, selling for a median price of $207K. On average, homes in Madison Area sell after 58 days on the market compared to 16 days last year. There were 14 homes sold in March this year, down from 21 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$206,990
+29.4% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Madison Area, MI
$206,990
+29.4%
United States
To compare other locations to the Madison Area and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Grand Rapids add value to a home.
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How hot is the Madison Area housing market?
Madison Area is somewhat competitive. Homes sell in 24.5 days.
0
100
61
Somewhat Competitive
Redfin Compete Score™
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 1% below list price and go pending in around 25 days.
Hot homes
can sell for about 3% above list price and go pending in around 6 days.
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 Area housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Madison Area.
Risk Factor
Flood Factor - Minor
8% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Madison Area has a minor risk of flooding. 55 properties in Madison Area are likely to be
severely affected
by flooding over the next 30 years. This represents 8% of all properties in Madison Area. Flood risk is increasing slower than the national average.
<1% of properties are at risk of wildfire over the next 30 years
Fire Factor
Madison Area has a minor risk of wildfire. There are 2 properties in Madison Area that have some risk of being affected by wildfire over the next 30 years. This represents <1% of all properties in Madison Area.
Madison Area has minimal risk of severe winds over the next 30 years
Wind Factor
Madison Area has a Minimal Wind Factor®, which means there is a very low likelihood that hurricane, tornado or severe storm winds will impact this area.