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Metro East Sun

Monday, November 25, 2024

Home prices in Madison County increased

Realestate077

The median sale price of a home sold in the first quarter of 2023 in Madison County rose by $6,500 while total sales decreased by 54.3%.

From January through March of 2023, there were 476 homes sold, with a median sale price of $128,000 - a 5.3% increase over the $121,500 median sale price for the same period of the previous year. There were 1,042 homes sold in Madison County in the first quarter of 2022.

The median sales tax in Madison County for the most recent year with available data, 2020, was $2,273 approximately 1.8% of the median home sale price for the first quarter of 2023.

The following histogram displays changes in median sales prices in Madison County from January 2022 to March 2023.

Q1 2022Q2 2022Q3 2022Q4 2022Q1 2023$121500$121500$130300$130300$144500$144500$136000$136000$128000$128000

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