Madison Housing Market Report January 2025•Limestone County, Alabama

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Housing Prices in Madison, AL

How much do homes in Madison, AL cost?

Housing Market Conditions

Is Madison, AL a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Madison is a Buyer's Market

Difference Since January 2024

At the same time last year, Madison was a Seller's Market.

Insight

Madison is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$393,170$169/SqFt
+$20,464
+5.5%

Based on all homes sold in the last 12 months

Insight

Homes in Madison have sold for 5.5% more than they did a year ago.

Summary: The median home sold price in Madison was $393,170 in January 2025, up 5.5% from last year, and the median price per square foot was $169.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Madison
+5.5%
Madison
+3.6%
Harvest
+1.9%
Triana
+1.4%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsJan 2024Jan 2025Change YoY
1$132K$171.2K
+29.7%
2$223K$223K
0.0%
3$300K$305K
+1.7%
4$429.9K$450K
+4.7%
5$569.8K$568.3K
-0.3%

Summary: Madison housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes increased by +29.7%. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes increased by +1.7%. The home price for 4 bedroom homes increased by +4.7%. The home price for 5 bedroom homes decreased by -0.3%.

Housing supply in Madison, AL

How many homes are available in Madison, AL?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
573Last MonthJan 2025
5482 months agoDec 2024
+4.6 %
Change MoMDec – Jan

Summary: The Madison real estate market had 573 homes for sale in Jan 2025, a 4.6 % increase compared to Dec 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
65Last MonthJan 2025
1082 months agoDec 2024
-39.8 %
Change MoMDec – Jan

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsDec 2024Jan 2025Change MoM
101
+100.0%
22731
+14.8%
3189196
+3.7%
4247257
+4.0%
58588
+3.5%

Summary: Madison housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +100.0%. The inventory for 2 bedroom homes increased by +14.8%. The inventory for 3 bedroom homes increased by +3.7%. The inventory for 4 bedroom homes increased by +4.0%. The inventory for 5 bedroom homes increased by +3.5%.

Asking Price vs. Sold Price

How much do homes in Madison, AL cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price16 Homes

At Asking Price18 Homes

Under Asking Price31 Homes

Insight

If you're buying a home in Madison, you may be able to get a good deal. 47.7% of homes here sold below asking price last month.

Summary: A total of 65 homes were sold or pending in Madison in January 2025, down by 39.8% month-over-month. Of the 65 sold homes, 48% were sold under asking, 28% were sold at asking, and and 25% were sold over asking.

Days on Market for Madison, AL

How long does it take to sell a home in Madison, AL?

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
0 DaysThis YearJan 2025
148 Days1 year agoJan 2024
0.0 %
Change YoYJan 2024 – Jan 2025

Summary: Homes in Madison had an average listing age of 0 days in Jan 2025, down by .0% compared to the previous year.

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Newest Listings in Madison, AL

What homes are available in Madison, AL?

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Nearby markets

Nearby markets aren't available for Madison, AL

Popular Cities with Homes for Sale in Alabama

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Last updated on: 2/21/2025, 3:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Last updated on: 2/21/2025, 3:18:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/21/2025, 3:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Information is provided by West Alabama Multiple Listing Service, Inc. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright © 2025 West Alabama Multiple Listing Service, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/21/2025, 3:15:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.