Madison, AL Home Values & Market Trends
Real estate market trends reflect that there have been 1,133 transactions over the past year in Madison. The median value for residential home transactions that occurred over the previous year is $351,895.44. The number of current listings in Madison is 237, and the percentage of properties for sale in the city is 237.00%. Madison, AL currently has 7 properties in foreclosure, 1 bank owned properties, 6 properties headed for auction, and 237 properties for sale.
Madison, AL Real Estate Market Overview
Housing Market Summary for Madison, AL
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $535K | $343.5K | -35.79% |
| Median Sold Price | $368K | $343.5K | -6.65% |
| Homes For Sale | 49 | 197 | 302.04% |
| Homes Sold | 135 | 581 | 330.37% |
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%.
Recently Sold Homes
Explore recent offers and recently sold homes in Madison, AL
Browse Homes in Madison, AL
Madison home values range from $24,167 to $3,771,165. The median estimated value of a home in Madison is $351,895.44. The median list price of a home is 482,450, and the total count of properties in the city is 31,570.
- Pre-ForeclosurePre-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 OwnedThe median estimated home value of bank owned homes (REO properties) in Madison, AL ranges from the highest value of $647,414 in 35756 to the lowest value of $647,414 in 35756. Bank owned homes and properties account for 0.00% of properties in Madison, AL. There are 6 zips within Madison, AL; 35756 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions35758 has 3 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 $563,598 in 35757 to the lowest value of $238,595 in 35757.
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Guide for Madison, AL
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