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Metro East Sun

Monday, September 16, 2024

Madison County home prices fell in July 2024 compared to July 2023

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In July, the median sale price of a home in Madison County fell by $20,250 from the same period in the previous year, while total sales decreased by 98.7%, according to BlockShopper.com.

Data shows that there were four homes sold in July, with a median sale price of $125,250 - a 13.9% decrease from the $145,500 median sale price for the same period of the previous year. There were 309 homes sold in Madison County in July 2023.

For context, the median sales tax in Madison County, based on the latest available data from 2020, was $2,273, which stands at 1.8% of July's median home sale price.

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

July 2023August 2023September 2023October 2023November 2023December 2023January 2024February 2024March 2024April 2024May 2024June 2024July 2024$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$163,150$163,150$250,000$250,000$0$0$125,250$125,250

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