Is Madison Township, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Madison Township has remained a Seller's Market.
Housing Prices in Madison Township, MO
How much do homes in Madison Township, MO cost?
Median Sold Price
$259,500
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Madison Township was $259,500 in May 2024, down 7.3% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $288K | - | N/A |
2 Bedrooms | $173K | $194K | +12.1% |
3 Bedrooms | $277.4K | $259K | -6.6% |
4 Bedrooms | $248.5K | $172.5K | -30.6% |
5+ Bedrooms | $415K | $875K | +110.8% |
Summary: Madison Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.1%, 3 bedroom homes decreased by 6.6%, 4 bedroom homes decreased by 30.6%, and 5+ bedroom homes increased by 110.8%.
Median Sold Price Compared To Nearby Cities
Carthage | $173.5K | $205.6K | +18.5% |
Union Township | $256.5K | $297.5K | +16.0% |
Madison Township | $280K | $259.5K | -7.3% |
Housing Supply in Madison Township, MO
How many homes are available in Madison Township, MO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
11 | 12 | +9.1% |
Summary: The Madison Township real estate market had 12 homes for sale in May 2024, a 9.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 3 | 3 | 0.0% |
4 Bedrooms | 2 | 3 | +50.0% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Madison Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1 | 5 | +400.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Madison Township in May 2024, up by 400.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for Madison Township, MO
How long does it take to sell a home in Madison Township, MO?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
79 Days | 64 Days | -18.5% |
Summary: Homes in Madison Township had an average of 64 days on market in May 2024, down by 18.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 5 homes were sold in Madison Township; 20% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.