In May, the median sale price of a home in Madison County rose by $115,000 from the same period in the previous year, while total sales decreased by 95%, according to BlockShopper.com.
Data shows that there were 19 homes sold in May, with a median sale price of $250,000 - an 85.2% increase over the $135,000 median sale price for the same period of the previous year. There were 377 homes sold in Madison County in May 2023.
For context, the median sales tax in Madison County, based on the latest available data from 2020, was $2,273, which stands at 0.9% of May's median home sale price.
The following histogram displays changes in median sales prices in Madison County from May 2023 to May 2024.