$124K  
Over the last 30 days, 24 homes went under contract in the Madison County market, the lowest amount since April. As the market appears to be softening, there were 21 homes sold over the same period. In comparison, Orange County had 119 contracts executed in the same time frame, the most of all nearby counties. As contracts reached a new low, prices have also been falling. The median sales price dropped to $187,000, extending a four-week long spiral. With a downward trend in contracts numbers and prices, and 12 months of inventory still left to work through, Madison County is a definite buyer's market.
Comments:

Madison County is a county in Virginia, and is somewhat affluent with a median income of $49,470 per household. It's much younger than the rest of the state, with a median age of 44. Its three largest zip codes are 22701, 22960, and 22973. It should be noted that at 66.7%, most people own their homes in Madison County. Heading the list of top schools in the county is Madison County High School.
Comments:

$4.2M  
The number of price cuts in the Madison County market climbed to 28 over the last 30 days, furthering a recent positive trend. Perhaps due to the decreases in list prices, sales increased to 27 homes sold. All indications show that the trend may be coming to an end, meaning less price reductions over the next few weeks. The median sales price climbed to $180,000, up from last week's $177,450. Madison County is still a definite buyer's market, due to the availability of 10 months of remaining inventory, even after the uptick in sales.
Comments:

$995K  
Over the last 30 days, the Madison County market was active with 21 homes sold. It marks a 23.5% increase from last week's report, while also topping the average sales volume for the prior 12 months. At the same time, Louisa County reported 107 home sales, the highest number from all the surrounding counties. Potential buyers should note that prices are coming down in Madison County, and for this period the median sales price slid from $199,900 to $180,000. Even after the uptick in sales, an elevated 12 months of inventory tells us that Madison County is still a definite buyer's market.
Comments:

$799K  
The Madison County market slowed with a 23.8% sales drop in this week's report. Overall sales numbers for the last 30 days fell below the 19.4 monthly average with 16 homes sold. Meanwhile, Louisa County reported 100 home sales, the highest number from all the surrounding counties. Prices are rising in Madison County, and the median sales price this period increased from $125,000 to $199,900. With decreasing sales and the availability of 17 months of inventory, Madison County is a definite buyer's market.
Comments:

$799K  
Fewer sellers put their homes up for sale in the Madison County market over the last 30 days and the number of new listings fell this week to 22. Home sales remained unchanged from the prior period and once again 21 homes were sold. Prices are falling in Madison County, and this period the median price of all sales fell from $192,500 to $125,000. Madison County is a strong buyer's market, thanks to a big 13 months of inventory to choose from and the flat sales.
Comments:

$5.4M  
The Madison County market has established a recent upward trend, even as sales fell 22.2% this week to 21 homes over the last 30 days. All indications show that the trend may be coming to an end, meaning less sales over the next few weeks. The median sales price dropped to $192,500, down from last week's $199,900. Madison County is a strong buyer's market, thanks to a big 13 months of inventory to choose from and a pullback in sales.
Comments:

Madison County is a smaller-than-average county in Virginia that has seen a 6.3% increase in population over the last 10 years. It also has a total population of 13,308. The three zip codes with the largest populations are 22701, 22960, and 22973. Homes in Madison County are relatively old with a median age of 33 years. The best school in the county is Madison County High School.
Comments:

$799K  
The Madison County market looked strong in this week's report, as the number of home sales jumped 25.0%, pushing the total to 25 homes sold over the last 30 days. In comparison, nearby Rockingham County had 99 sales in the same time frame, the most of all neighboring counties. Potential buyers should note that prices are coming down in Madison County, and for this period the median sales price slid from $212,500 to $199,900. Despite the uptick in sales, there are still 11 months of inventory left to work through, meaning Madison County is still a strong buyer's market.
Comments:

$799K  
The Madison County market took a break this week as sales fell to 17 homes sold over the last 30 days. However, the number of homes under contract shows a new upward trend, and is now at 30. All indications show that the trend may be coming to an end, meaning less pending transactions over the next few weeks. Prices are falling in Madison County, and this period the median price of all sales fell from $279,000 to $225,000. With decreasing sales and the availability of 16 months of inventory, Madison County is a definite buyer's market.
Comments:
Previous Page  1  2 3 4 5 6 7 Next Page

Ask a local expert about this area:
Better Homes & Gardens Real Estate III
Snapped 2 homes in this area
Roy Wheeler Realty Co.
Snapped 8 homes in this area
RE/MAX New Horizons
Snapped 2 homes in this area

©2017 Homesnap 1-800-431-5509 Housing market data, school data and demographic information is provided by Black Knight Financial Services. Information is deemed reliable but not guaranteed. Sitemap Terms of Use Privacy Policy
Sign-in with Facebook Sign-in with Twitter
or
I'm a real estate agent
Already a User? Sign In Below:

Sign In

Forgot Password? Click Here...

Sign-in with Facebook Sign-in with Twitter
or

Sign In

Forgot Password? Click Here...

Please enter the email address you used to register with Homesnap and an email will be sent with instructions for resetting your password.