In August 2023, the median sale price of a home in Madison County fell by $6,000 from the same period in the previous year, while total sales decreased by 24.7%, according to BlockShopper.com.
Data shows that there were 391 homes sold in August 2023, with a median sale price of $140,000 - a 4.1% decrease from the $146,000 median sale price for the same period of the previous year. There were 519 homes sold in Madison County in August 2022.
For context, the median sales tax in Madison County, based on the latest available data from 2020, was $2,273, which stands at 1.6% of August 2023's median home sale price.
The following histogram displays changes in median sales prices in Madison County from August 2022 to August 2023.