As predicted, the housing market in Madison has been increasingly competitive in 2022. Demand is high but the market is scarce, and these trends are reflected in housing prices.
According to Redfin.com, in April 2022, Madison home prices were up 10.5% compared to last year, selling for a median price of $363K.
On average, homes in Madison sell after 32 days on the market compared to 38 days last year. There were 278 homes sold in April this year, down from 315 last year.
These statistics make it clear that real estate in Madison is currently a seller’s market.