Madison, ME Home Values & Market Trends
Real estate market trends reflect that there have been 84 transactions over the past year in Madison. The median value for residential home transactions that occurred over the previous year is $198,207.53. The number of current listings in Madison is 1, and the percentage of properties for sale in the city is 1.00%. Madison, ME currently has 4 properties in foreclosure, 2 bank owned properties, 2 properties headed for auction, and 1 properties for sale.
Madison, ME Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 04950 | $ 137,430 $ 126/sqft |
Housing Market Summary for Madison, ME
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $400K | $150K | -62.50% |
| Median Sold Price | $155.5K | $150K | -3.50% |
| Homes For Sale | 1 | 0 | -100.00% |
| Homes Sold | 52 | 37 | -28.85% |
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, ME
Browse Homes in Madison, ME
Madison home values range from $25,392 to $2,652,383. The median estimated value of a home in Madison is $198,207.53. The median list price of a home is 72,900, and the total count of properties in the city is 2,016.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Madison, ME with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Madison, ME; of that 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, ME ranges from the highest value of $246,008 in 04950 to the lowest value of $187,783 in 04950. Bank owned homes and properties account for 0.10% of properties in Madison, ME. There is 1 zips within Madison, ME; 04950 containing 2 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions04950 has 2 auction properties, the highest number of properties going to auction in a single zip in the state of Madison, ME. Auction homes and other auction properties account for 0.10% of all properties in Madison, ME. There is 1 zips within Madison, ME; of that zips, the median estimated home value for homes going to auction ranges from $262,771 in 04950 to the lowest value of $170,959 in 04950.
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More Real Estate Resources for Madison, ME
Guide for Madison, ME
In Madison, WI homes have seen a gradual increase in property values, and sale price reach just under 500k in early 2024.
Madison’s real estate market continues to robustness, with varied trends across different market segments.
The Augusta, Maine real estate market has seen considerable growth in property values and price per square foot, despite a decrease in sales. Comparisons with neighboring cities suggest diverse market conditions.
Learn how a short sale can stop the foreclosure process.