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Metro East Sun

Monday, November 25, 2024

Home prices in Madison County increased

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The median sale price of a home sold in the second half of 2022 in Madison County rose by $5,000 while total sales decreased by 24.5%.

From July through December of 2022, there were 2,212 homes sold, with a median sale price of $140,000 - a 3.7% increase over the $135,000 median sale price for the same period of the previous year. There were 2,928 homes sold in Madison County in the second half of 2021.

The median sales tax in Madison County for the most recent year with available data, 2020, was $2,273 approximately 1.6% of the median home sale price for the second half of 2022.

The following histogram displays changes in median sales prices in Madison County from July 2021 to December 2022.

July - Dec. 2021Jan. - June 2022July - Dec. 2022$135000$135000$127000$127000$140000$140000

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