Madison, AL Home Values & Market Trends

Real estate market trends reflect that there have been 979 transactions over the past year in Madison. The median value for residential home transactions that occurred over the previous year is $332,486.56. The number of current listings in Madison is 184, and the percentage of properties for sale in the city is 184.00%. Madison, AL currently has 6 properties in foreclosure, 0 bank owned properties, 6 properties headed for auction, and 184 properties for sale.

Madison, AL Real Estate Market Overview

ZipMedian Est. ValueZipMedian Est. Value
35758

$ 489,895

$ 176/sqft

35756

$ 447,000

$ 174/sqft

35758

$ 489,895

$ 176/sqft

35757

$ 404,950

$ 161/sqft

35756

$ 447,000

$ 174/sqft

35757

$ 404,950

$ 161/sqft

Housing Market Summary for Madison, AL

Mar 2023February 2024Change
Median Listing Price$479.7K$331.1K-30.97%
Median Sold Price$369.3K$331.1K-10.32%
Homes For Sale52179244.23%
Homes Sold141684385.11%
Price
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Homes For Sale
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Madison, AL

Madison home values range from $19,866 to $5,522,825. The median estimated value of a home in Madison is $332,486.56. The median list price of a home is 475,000, and the total count of properties in the city is 31,200.

Foreclosure
There are 6 zips within Madison, AL; within these zips, the median estimated home value for homes in foreclosure ranges from $643,925 in 35758 to the lowest value of $219,752 in 35758. Foreclosure homes account for 0.00% of properties in Madison, AL with 35757 containing 2 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in Madison, AL with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 6 zips within Madison, AL; of those zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Madison, AL ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Madison, AL. There are 6 zips within Madison, AL; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    35757 has 2 auction properties, the highest number of properties going to auction in a single zip in the state of Madison, AL. Auction homes and other auction properties account for 0.02% of all properties in Madison, AL. There are 6 zips within Madison, AL; of those zips, the median estimated home value for homes going to auction ranges from $430,359 in 35756 to the lowest value of $219,752 in 35756.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.59% of residential properties in Madison, AL with 35758 containing 81 homes for sale, the highest number of listed properties in a single zip. There are 6 zips within Madison, AL; homes for sale in those zips, have a range of median values from $985,000 in 35757 to the lowest value of $48,011 in 35756.
    Sold Homes
    The median value for recently sold homes ranges from $1,150,245 in 35756 to the lowest price of $25,651 in 35756. There are 6 zips within Madison, AL. 35758 has 282 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 2.13% of properties in Madison, AL.

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      Guide for Madison, AL

      Market Reports
      Madison Wisconsin Real Estate Market Report – Mar 2024
      Home Buying Tools
      Federal Eviction Ban Overturned. Here’s Why
      Wholesale
      4 Tips on How To Buy a House Wholesale
      A new home
      Home Buying Financing
      How Much Should You Spend On Your First Home?
      See More Articles
      Madison Wisconsin Real Estate Market Report – Mar 2024
      Market Reports|posted 4 March 2024

      Madison’s real estate market continues to robustness, with varied trends across different market segments.

      Federal Eviction Ban Overturned. Here’s Why
      Home Buying Tools|posted 5 June 2021

      Last month we asked if it was possible that eviction moratoriums from the federal government were illegal. “If you’re a real estate investor with rental properties you depend on monthly rental payments to cover the mortgage, taxes, repairs, and other costs. But what happens if the government says, nope, you can’t evict tenants who don’t […]

      4 Tips on How To Buy a House Wholesale
      Wholesale|posted 8 March 2024

      Looking to buy a house wholesale? Discover 4 essential tips to navigate the wholesale real estate market successfully.

      A new home
      How Much Should You Spend On Your First Home?
      Home Buying Financing|posted 6 March 2024

      Learn about the key factors to consider when determining how much to spend on your first home.

      Recently Listed Homes Madison, AL

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