Madison, MS Home Values & Market Trends
Real estate market trends reflect that there have been 696 transactions over the past year in Madison. The median value for residential home transactions that occurred over the previous year is $350,282.25. The number of current listings in Madison is 192, and the percentage of properties for sale in the city is 192.00%. Madison, MS currently has 12 properties in foreclosure, 2 bank owned properties, 10 properties headed for auction, and 192 properties for sale.
Madison, MS Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 39110 | $ 399,069 $ 154/sqft |
Housing Market Summary for Madison, MS
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $375K | $327.4K | -12.68% |
| Median Sold Price | $317K | $327.4K | 3.30% |
| Homes For Sale | 162 | 176 | 8.64% |
| Homes Sold | 345 | 317 | -8.12% |
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, MS
Browse Homes in Madison, MS
Madison home values range from $36,140 to $4,826,570. The median estimated value of a home in Madison is $350,282.25. The median list price of a home is 387,700, and the total count of properties in the city is 16,506.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Madison, MS 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, MS; 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, MS ranges from the highest value of $1,250,000 in 39110 to the lowest value of $689,650 in 39110. Bank owned homes and properties account for 0.01% of properties in Madison, MS. There is 1 zips within Madison, MS; 39110 containing 2 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions39110 has 10 auction properties, the highest number of properties going to auction in a single zip in the state of Madison, MS. Auction homes and other auction properties account for 0.06% of all properties in Madison, MS. There is 1 zips within Madison, MS; of that zips, the median estimated home value for homes going to auction ranges from $1,208,811 in 39110 to the lowest value of $157,991 in 39110.
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Guide for Madison, MS
Madison’s real estate market continues to robustness, with varied trends across different market segments.
Biloxi’s real estate market shows dynamic growth and consumer confidence, with property values rising from $271,000 to $290,000 within a year, despite some price fluctuations.
The Knoxville real estate market is seeing fluctuations in property prices, with the average value at $399,900 as of March 2024.
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