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Metro East Sun

Monday, November 25, 2024

Madison County experienced increase in median home valuation prices in March 2024 compared to March 2023

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In March, the median sale price of a home in Madison County rose by $39,000 from the same period in the previous year, while total sales decreased by 80.1%, according to BlockShopper.com.

Data shows that there were 73 homes sold in March, with a median sale price of $165,000 - a 31% increase over the $126,000 median sale price for the same period of the previous year. There were 367 homes sold in Madison County in March 2023.

For context, the median sales tax in Madison County, based on the latest available data from 2020, was $2,273, which stands at 1.4% of March's median home sale price.

The following histogram displays changes in median sales prices in Madison County from March 2023 to March 2024.

March 2023April 2023May 2023June 2023July 2023August 2023September 2023October 2023November 2023December 2023January 2024February 2024March 2024$126,000$126,000$115,000$115,000$135,000$135,000$145,000$145,000$145,500$145,500$140,000$140,000$139,700$139,700$148,500$148,500$130,000$130,000$130,000$130,000$127,000$127,000$132,000$132,000$165,000$165,000

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