Madison County Housing Market Report December 2024•Madison County, North Carolina

hero building illustration for mobile

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 December 2023

At the same time last year, Madison County was a Neutral 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.
$419,000$264/SqFt
+$15,700
+3.9%

Based on all homes sold in the last 12 months

Insight

Homes in Madison County have sold for 3.9% more than they did a year ago.

Summary: The median home sold price in Madison County was $419,000 in December 2024, up 3.9% from last year, and the median price per square foot was $264.

Median Sold Price By City

Median Sold Price By City
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
+6.5%
Haywood County
+5.3%
Greene County
+5.1%
Madison County
+3.9%
Buncombe County
+1.1%

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.
BedsDec 2023Dec 2024Change YoY
1$253.5K$250K
-1.4%
2$302.5K$387K
+27.9%
3$422.5K$418K
-1.1%
4$625K$453.8K
-27.4%
5$950K$940K
-1.1%

Summary: Madison County housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes decreased by -1.4%. The home price for 2 bedroom homes increased by +27.9%. The home price for 3 bedroom homes decreased by -1.1%. The home price for 4 bedroom homes decreased by -27.4%. The home price for 5 bedroom homes decreased by -1.1%.

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
125Last MonthDec 2024
1252 months agoNov 2024
0.0 %
Change MoMNov – Dec

Summary: The Madison County real estate market had 125 homes for sale in Dec 2024, the same as Nov 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 MonthDec 2024
132 months agoNov 2024
0.0 %
Change MoMNov – Dec

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.
BedsNov 2024Dec 2024Change MoM
122
0.0%
24037
-7.5%
36972
+4.3%
41312
-7.7%
512
+100.0%

Summary: Madison County housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -7.5%. The inventory for 3 bedroom homes increased by +4.3%. The inventory for 4 bedroom homes decreased by -7.7%. 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 Price0 Home

At Asking Price5 Homes

Under Asking Price8 Homes

Insight

If you're buying a home in Madison County, you may be able to get a good deal. 61.5% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in Madison County in December 2024, the same as the previous month. Of the 13 sold homes, 62% were sold under asking, 38% were sold at asking, and and 0% 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 Days8 Homes

30 – 90 Days2 Homes

Over 90 Days3 Homes

Insight

Many homes in Madison County are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 13 homes were sold in Madison County; 62% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 23% 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
44 DaysThis YearDec 2024
50 Days1 year agoDec 2023
-13.1 %
Change YoYDec 2023 – Dec 2024

Summary: Homes in Madison County had an average listing age of 44 days in Dec 2024, down by 13.1% compared to the previous year.

Connect With An Agent

Local real estate agents are ready to help you find a home here

Sell My Home

Sell your home with an expert or get the job done on your own.

Get Approved

Get a customizable mortgage solution based on today's rates.

Newest Listings in Madison County, NC

What homes are available in Madison County, NC?

See More Listings

Nearby markets

Popular Cities with Homes for Sale in North Carolina

MLS Disclaimers and Copyright

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

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

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.

The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

Copyright © 2025 MLS GRID.
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, 10:51:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX Copyright 2025 North Carolina Regional MLS LLC. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of North Carolina Regional MLS LLC (NCRMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor this firm shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS.
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, 11:20:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.