Madison County Housing Market Report January 2025•Madison County, North Carolina

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Housing Prices in Madison County, NC

How much do homes in Madison County, NC cost?

Housing Market Conditions

Is Madison County, NC 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 County is a Buyer's Market

Difference Since January 2024

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

Insight

Madison County 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.
$420,995$265/SqFt
-$255
-0.1%

Based on all homes sold in the last 12 months

Insight

The sold price of homes in Madison County has remained the same since last year.

Summary: The median home sold price in Madison County was $420,995 in January 2025, down 0.1% from last year, and the median price per square foot was $265.

Median Sold Price By Counties

Median Sold Price By Counties
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
Cocke County
+11.5%
Haywood County
+6.7%
Greene County
+3.2%
Buncombe County
+1.6%
Madison County
-0.1%

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$236.2K$250K
+5.8%
2$315K$389K
+23.5%
3$425K$418.5K
-1.5%
4$612.5K$457.7K
-25.3%
5$1.2M$940K
-24.8%

Summary: Madison County housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes increased by +5.8%. The home price for 2 bedroom homes increased by +23.5%. The home price for 3 bedroom homes decreased by -1.5%. The home price for 4 bedroom homes decreased by -25.3%. The home price for 5 bedroom homes decreased by -24.8%.

Housing supply in Madison County, NC

How many homes are available in Madison County, NC?

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
117Last MonthJan 2025
1112 months agoDec 2024
+5.4 %
Change MoMDec – Jan

Summary: The Madison County real estate market had 117 homes for sale in Jan 2025, a 5.4 % 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
13Last MonthJan 2025
152 months agoDec 2024
-13.3 %
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
111
0.0%
23537
+5.7%
36265
+4.8%
41110
-9.1%
524
+100.0%

Summary: Madison County housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +5.7%. The inventory for 3 bedroom homes increased by +4.8%. The inventory for 4 bedroom homes decreased by -9.1%. The inventory for 5 bedroom homes increased by +100.0%.

Asking Price vs. Sold Price

How much do homes in Madison County, NC 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 Price1 Home

At Asking Price1 Home

Under Asking Price11 Homes

Insight

If you're buying a home in Madison County, you may be able to get a good deal. 84.6% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in Madison County in January 2025, down by 13.3% month-over-month. Of the 13 sold homes, 85% were sold under asking, 8% were sold at asking, and and 8% were sold over asking.

Days on Market for Madison County, NC

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

Breakdown of Home Sale Times

Under 30 Days1 Home

30 – 90 Days4 Homes

Over 90 Days8 Homes

Insight

Most homes in Madison County are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During January 2025, 13 homes were sold in Madison County; 8% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 62% of homes were sold over 90 days.

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
140 DaysThis YearJan 2025
76 Days1 year agoJan 2024
+82.0 %
Change YoYJan 2024 – Jan 2025

Summary: Homes in Madison County had an average listing age of 140 days in Jan 2025, up by 82.0% compared to the previous year.

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Newest Listings in Madison County, NC

What homes are available in Madison County, NC?

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Nearby markets

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MLS Disclaimers and Copyright

Based on information from Canopy MLS, and Hive MLS for the period 02/01/2023 - 02/01/2025

IDX Listings courtesy of Canopy MLS as distributed by MLS GRID.

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Last updated on: 2/21/2025, 11:21:51 AM 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, 11:20:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.