Madison County Housing Market Report December 2024•Madison County, New York

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Housing Prices in Madison County, NY

How much do homes in Madison County, NY cost?

Housing Market Conditions

Is Madison County, NY 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 Seller's Market

Difference Since December 2023

Since last year, Madison County has remained a Seller's Market.

Insight

Madison County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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.
$241,200$145/SqFt
+$24,888
+11.5%

Based on all homes sold in the last 12 months

Insight

Homes in Madison County have sold for 11.5% more than they did a year ago.

Summary: The median home sold price in Madison County was $241,200 in December 2024, up 11.5% from last year, and the median price per square foot was $145.

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
Madison County
+11.5%
Chenango County
+10.4%
Oswego County
+10.2%
Oneida County
+8.3%
Onondaga County
+7.4%

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.
BedsDec 2023Dec 2024Change YoY
1$178.4K$99.7K
-44.1%
2$157K$169K
+7.6%
3$212.5K$240K
+12.9%
4$278.7K$289K
+3.7%
5$275K$329.9K
+20.0%

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 -44.1%. The home price for 2 bedroom homes increased by +7.6%. The home price for 3 bedroom homes increased by +12.9%. The home price for 4 bedroom homes increased by +3.7%. The home price for 5 bedroom homes increased by +20.0%.

Housing supply in Madison County, NY

How many homes are available in Madison County, NY?

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
167Last MonthDec 2024
2202 months agoNov 2024
-24.1 %
Change MoMNov – Dec

Summary: The Madison County real estate market had 167 homes for sale in Dec 2024, a 24.1 % decrease compared to 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
43Last MonthDec 2024
582 months agoNov 2024
-25.9 %
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
111
0.0%
22817
-39.3%
39878
-20.4%
46445
-29.7%
52926
-10.3%

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 -39.3%. The inventory for 3 bedroom homes decreased by -20.4%. The inventory for 4 bedroom homes decreased by -29.7%. The inventory for 5 bedroom homes decreased by -10.3%.

Asking Price vs. Sold Price

How much do homes in Madison County, NY 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 Price11 Homes

At Asking Price8 Homes

Under Asking Price24 Homes

Insight

If you're buying a home in Madison County, you may be able to get a good deal. 55.8% of homes here sold below asking price last month.

Summary: A total of 43 homes were sold or pending in Madison County in December 2024, down by 25.9% month-over-month. Of the 43 sold homes, 56% were sold under asking, 19% were sold at asking, and and 26% were sold over asking.

Days on Market for Madison County, NY

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

Breakdown of Home Sale Times

Under 30 Days25 Homes

30 – 90 Days16 Homes

Over 90 Days2 Homes

Insight

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

Summary: During December 2024, 43 homes were sold in Madison County; 58% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 5% 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
34 DaysThis YearDec 2024
50 Days1 year agoDec 2023
-31.3 %
Change YoYDec 2023 – Dec 2024

Summary: Homes in Madison County had an average listing age of 34 days in Dec 2024, down by 31.3% compared to the previous year.

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Newest Listings in Madison County, NY

What homes are available in Madison County, NY?

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MLS Disclaimers and Copyright

Based on information from New York State Alliance of MLS, and Global MLS for the period 01/01/2023 - 01/01/2025

IDXThe data relating to real estate on this website comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by other firms are marked with theListing Broker’s Firm Name. Data provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor this firm shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally
harmless.

© 2025 CNYIS, UNYREIS, WNYREIS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 1/17/2025, 10:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX The data relating to real estate on this website comes in part from the Internet Data Exchange program of the Global MLS (GMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS 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. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.

Copyright © 2025 Global 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.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 1/17/2025, 10:21:04 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.