Madison Market Report
$465,456
AVERAGE PRICE OF 201 HOMES$1,804,500
AVERAGE PRICE OF 6 MULTI-MILLION DOLLAR HOMES$486,714
AVERAGE PRICE OF 37 NEWLY BUILT HOMES$796,627
AVERAGE PRICE OF 18 HOMES WITH A POOL$419,450
AVERAGE PRICE OF 2 REDUCED PRICE HOMESAverage Home
| Average Price | $465,456 |
| Avg Bedrooms | 3.75 beds |
| Avg Bathrooms | 3.28 baths |
Average Price by Bedrooms
| 1 bedroom | $332,833 |
| 2 bedrooms | $297,360 |
| 3 bedrooms | $304,781 |
| 4 bedrooms | $486,291 |
| 5 bedrooms | $664,112 |
Madison Home Price Trends
| 5/2021 | 4/2021 | 3/2021 | 2/2021 | 1/2021 | |
|---|---|---|---|---|---|
| Total Listings | 212 | 227 | 225 | 246 | 246 |
| Average Price | $468,593 | $449,809 | $460,667 | $459,819 | $482,038 |
| Avg Price Change | +4.18% | -2.41% | +0.18% | -4.83% | +2.34% |
| Median Price | $397,212 | $366,573 | $380,295 | $365,474 | $396,327 |
| Med Price Change | +8.36% | -3.74% | +4.06% | -8.44% | +3.02% |
| Avg Bedrooms | 3.85 beds | 3.77 beds | 3.78 beds | 3.81 beds | 3.87 beds |
| Avg Bathrooms | 3.3 baths | 3.23 baths | 3.33 baths | 3.34 baths | 3.42 baths |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| Canton | 23 | $424,217 | 67 days |
| Germantown High School | 54 | $436,845 | 56 days |
| Madison Central | 121 | $488,026 | 89 days |
| Ridgeland | 3 | $386,333 | 28 days |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 201 | $465,456 | 77 days |
| Multi-Million Dollar Homes | 6 | $1,804,500 | 96 days |
| Newly Built Homes | 37 | $486,714 | 154 days |
| Homes with a Pool | 18 | $796,627 | 220 days |
| Reduced Price Homes | 2 | $419,450 | 14 days |
