As we head into a new month, let’s break down what’s happening in the Madison County real estate market. Whether you’re thinking about buying, selling, or just keeping an eye on trends, these numbers tell a story about where things are headed.
📊 The Numbers at a Glance:
- 💰 Average Sold Price: $307,831
- ⏳ Average Days on Market: 66
- 🏠 Sold Listings: 16
- 📉 Average List-to-Sold Price Ratio: 97.16%
- 🆕 New Listings: 31
- ✍️ Under Contract: 33
🔥 What This Means for Sellers
If you’re looking to sell, now’s the time to price strategically. With an average list-to-sold price ratio of 97.16%, homes that are priced right are moving. While the average days on market sits at 66, well-prepared homes in desirable locations are often selling much quicker.
With only 16 homes sold last month but 31 new listings hitting the market, buyers have more options—which means competition is heating up among sellers. Make sure your home stands out with proper staging, competitive pricing, and smart marketing.
🏡 What This Means for Buyers
For buyers, the good news is that inventory is increasing. With 31 new listings and 33 homes under contract, activity is strong, but you’ll still want to act fast when you find the right home. The average sold price of $307,831 suggests home values are holding steady, but negotiating power is key—especially with slightly longer days on market.
💡 Interest rates and market conditions can shift quickly, so if you’re considering buying, having a strong strategy (and pre-approval in hand) is essential.
✅ The Bottom Line
Madison County’s real estate market is staying active, with buyers and sellers both making moves. If you’re thinking about entering the market, now is the time to get a game plan together. Whether you need to list your home for top dollar or find the perfect place to call home, I’m here to help you navigate the process. Have questions? Let’s talk about your next move! 📲
