Madison Market Report
$505,497
AVERAGE PRICE OF 186 HOMES$1,684,545
AVERAGE PRICE OF 9 MULTI-MILLION DOLLAR HOMES$563,378
AVERAGE PRICE OF 40 NEWLY BUILT HOMES$862,811
AVERAGE PRICE OF 17 HOMES WITH A POOL$434,500
AVERAGE PRICE OF 2 REDUCED PRICE HOMESAverage Home
| Average Price | $505,497 |
| Avg Bedrooms | 3.89 beds |
| Avg Bathrooms | 3.39 baths |
Average Price by Bedrooms
| 1 bedroom | $332,833 |
| 2 bedrooms | $439,000 |
| 3 bedrooms | $347,938 |
| 4 bedrooms | $461,208 |
| 5 bedrooms | $716,611 |
Madison Home Price Trends
| 8/2021 | 7/2021 | 6/2021 | 5/2021 | 4/2021 | |
|---|---|---|---|---|---|
| Total Listings | 192 | 198 | 204 | 212 | 227 |
| Average Price | $455,557 | $465,608 | $459,086 | $468,593 | $449,809 |
| Avg Price Change | -2.21% | +1.42% | -2.07% | +4.18% | -2.41% |
| Median Price | $379,696 | $394,419 | $380,542 | $397,212 | $366,573 |
| Med Price Change | -3.88% | +3.65% | -4.38% | +8.36% | -3.74% |
| Avg Bedrooms | 3.8 beds | 3.78 beds | 3.75 beds | 3.85 beds | 3.77 beds |
| Avg Bathrooms | 3.26 baths | 3.28 baths | 3.25 baths | 3.3 baths | 3.23 baths |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| Canton | 15 | $387,302 | 52 days |
| Germantown High School | 63 | $434,558 | 47 days |
| Madison Central | 107 | $565,522 | 87 days |
| Ridgeland | 1 | $325,000 | 40 days |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 186 | $505,497 | 71 days |
| Multi-Million Dollar Homes | 9 | $1,684,545 | 78 days |
| Newly Built Homes | 40 | $563,378 | 138 days |
| Homes with a Pool | 17 | $862,811 | 211 days |
| Reduced Price Homes | 2 | $434,500 | 67 days |
