Listing Office: Local Living Real Estate
Madison County Housing Market Report December 2024•Madison County, Arkansas
Housing Prices in Madison County, AR
How much do homes in Madison County, AR cost?
Housing Market Conditions
Is Madison County, AR a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Madison County is a Buyer's Market
Difference Since December 2023
At the same time last year, Madison County was a Seller's Market.
Madison County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Median Sold Price
Based on all homes sold in the last 12 months
Homes in Madison County have sold for 18.3% more than they did a year ago.
Summary: The median home sold price in Madison County was $244,375 in December 2024, up 18.3% from last year, and the median price per square foot was $159.
Median Sold Price By City
City | Dec 2023 | Dec 2024 | Change YoY |
---|---|---|---|
Madison County | $206.5K | $244.3K | +18.3% |
Benton County | $359.8K | $381.1K | +5.9% |
Carroll County | $249K | $260.3K | +4.6% |
Washington County | $334.9K | $346.9K | +3.6% |
Median Sold Price By Bedrooms
Beds | Dec 2023 | Dec 2024 | Change YoY |
---|---|---|---|
11 Bedroom | $120K | $169.4K | +41.2% |
22 Bedrooms | $200K | $220K | +10.0% |
33 Bedrooms | $200K | $240K | +20.0% |
44 Bedrooms | $309.5K | $329.5K | +6.5% |
55+ Bedrooms | $283.4K | $650K | +129.3% |
Summary: Madison County housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes increased by +41.2%. The home price for 2 bedroom homes increased by +10.0%. The home price for 3 bedroom homes increased by +20.0%. The home price for 4 bedroom homes increased by +6.5%. The home price for 5 bedroom homes increased by +129.3%.
Housing supply in Madison County, AR
How many homes are available in Madison County, AR?
Number of Homes For Sale
Last Month | 2 months ago | Change MoM |
---|---|---|
61Last MonthDec 2024 | ||
642 months agoNov 2024 | -4.7 % Change MoMNov – Dec |
Summary: The Madison County real estate market had 61 homes for sale in Dec 2024, a 4.7 % decrease compared to Nov 2024.
Number of Homes Sold
Last Month | 2 months ago | Change MoM |
---|---|---|
6Last MonthDec 2024 | ||
112 months agoNov 2024 | -45.5 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
Beds | Nov 2024 | Dec 2024 | Change MoM |
---|---|---|---|
11 Bedroom | 5 | 2 | -60.0% |
22 Bedrooms | 8 | 6 | -25.0% |
33 Bedrooms | 30 | 27 | -10.0% |
44 Bedrooms | 18 | 22 | +22.2% |
55+ Bedrooms | 3 | 4 | +33.3% |
Summary: Madison County housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes decreased by -60.0%. The inventory for 2 bedroom homes decreased by -25.0%. The inventory for 3 bedroom homes decreased by -10.0%. The inventory for 4 bedroom homes increased by +22.2%. The inventory for 5 bedroom homes increased by +33.3%.
Asking Price vs. Sold Price
How much do homes in Madison County, AR cost?
Over Asking Price1 Home
At Asking Price0 Home
Under Asking Price5 Homes
If you're buying a home in Madison County, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Madison County in December 2024, down by 45.5% month-over-month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and and 17% were sold over asking.
Days on Market for Madison County, AR
How long does it take to sell a home in Madison County, AR?
Breakdown of Home Sale Times
Under 30 Days1 Home
30 – 90 Days2 Homes
Over 90 Days3 Homes
Most homes in Madison County are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During December 2024, 6 homes were sold in Madison County; 17% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
Average Sale Time
This Year | 1 year ago | Change YoY |
---|---|---|
134 DaysThis YearDec 2024 | ||
81 Days1 year agoDec 2023 | +64.9 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in Madison County had an average listing age of 134 days in Dec 2024, up by 64.9% compared to the previous year.
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Newest Listings in Madison County, AR
What homes are available in Madison County, AR?
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Based on information from Northwest Arkansas Board of Realtors MLS / Arkansas Regional MLS LLC, Cooperative Arkansas REALTORS® MLS, Southern Missouri Regional MLS, and Western River Valley Board of REALTORS® MLS for the period 01/01/2023 - 01/01/2025
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Last updated on: 1/17/2025, 10:20:57 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: 1/17/2025, 10:20:50 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: 1/17/2025, 10:13:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 10:16:13 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.