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| MAY 2025 | |||
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| Units Sold 10 |
Active Inventory 39 |
Median Sale Price $405,000 |
Days On Market 38 |
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| Down Vs. Year Ago |
Up 34% Vs. Year Ago |
Down Vs. Year Ago |
Up 46% Vs. Year Ago |
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Units Sold
With relatively few transactions, there was an increase in total units sold in May, with 10 sold this month in Madison County Real Estate. This month's total units sold was lower than at this time last year, a decrease from May 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 10 units or 34%. The total number of active inventory this May was 39 compared to 29 in May 2024. This month's total of 39 is lower than the previous month's total supply of available inventory of 40, a decrease of 3%. |
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Median Sale Price
Due to the relatively small number of units sold, the median sale price showed significant change this month. Last May, the median sale price for Madison County Homes was $415,200. This May, the median sale price was $405,000, a decrease of $10,200 compared to last year. The current median sold price is lower than in April. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. |
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| New Listings 18 |
Current Contracts 13 |
Sold Vs. List Price 96.7% |
Months of Supply 3.9 |
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| No Change Vs. Year Ago |
Up 8% Vs. Year Ago |
No Change Vs. Year Ago |
Up 61% Vs. Year Ago |
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Months of Supply
In May, there was 3.9 months of supply available in Madison County, compared to 2.4 in May 2024. That is an increase of 61% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand. |
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New Listings & Current Contracts
This month there were 18 homes newly listed for sale in Madison County, which is similar to the amount in May 2024. There were 13 current contracts pending sale this May compared to 12 a year ago. The number of current contracts is 8% higher than last May. |
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Sale Price to List Price Ratio
In May, the average sale price in Madison County was 96.7% of the average list price, which is similar compared to a year ago. Days on Market
This month, the average number of days on market was 38, higher than the average last year, which was 26, an increase of 46%. | |||
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| *Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates. | |||
 Information included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc. |
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