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Friday, November 22, 2024

Madison County home valuation prices rose in July 2023 compared to the same period in 2022

Realestate3

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Adobe Stock

In July 2023, the median sale price of a home in Madison County rose by $3,500 from the same period in the previous year, while total sales decreased by 31.8%, according to BlockShopper.com.

Data shows that there were 309 homes sold in July 2023, with a median sale price of $145,500 - a 2.5% increase over the $142,000 median sale price for the same period of the previous year. There were 453 homes sold in Madison County in July 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 July 2023's median home sale price.

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

July 2022August 2022September 2022October 2022November 2022December 2022January 2023February 2023March 2023April 2023May 2023June 2023July 2023$142,000$142,000$146,000$146,000$145,000$145,000$145,000$145,000$131,500$131,500$109,000$109,000$97,778$97,778$123,126$123,126$126,000$126,000$115,000$115,000$135,000$135,000$145,000$145,000$145,500$145,500

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