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Featured local agent — Madison, IN
Sarah Mitchell
Compass Real Estate · Madison, IN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Madison, IN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$324,000median sale price
How is the Madison, IN housing market right now?
The median home sale price in Madison, IN is $324,000, up 30.0% year-over-year. Homes sell in an average of 63 days with 45 active listings. The market is currently a leaning buyer's. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Madison a buyer's or seller's market?
Madison, IN is currently a leaning buyer's, based on 3.5 months of supply and homes selling in about 63 days. How we determine this →
Homes sold
13
Last 12 weeks
Days on market
63
Average pace
Active listings
45
3.5 months supply
Sale-to-list
94.7%
Below asking
What does the Madison housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $324,000 |
| Median list price | $309,900 |
| Year-over-year price change | +30.0% |
| Average days on market | 63 days |
| Active inventory | 45 listings |
| Months of supply | 3.5 months |
| Sale-to-list price ratio | 94.7% |
| Median price per sq ft | $138/sq ft |
| Homes sold (latest month) | 13 |
| New listings (latest month) | 17 |
| Listings with a price cut | 35.6% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
How much do homes cost in Madison by property type?
How the Madison, IN market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $325,750 | $147/sq ft | 12 | 61 days |
| Condo / Co-op | $365,000 | $197/sq ft | 1 | 35 days |
| Townhouse | $160,000 | $96/sq ft | 1 | 120 days |
Source: Redfin · Updated monthly
The Madison housing market is currently classified as a leaning buyer's with a median sale price of $324,000. Prices have risen 30.0% compared to last year, with homes spending an average of 63 days on market, indicating 3.5 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.4x provides context for how home values compare to local earning capacity.
Homes for sale in Madison
There are currently 45 homes listed for sale in Madison, Indiana. The median listing price is $310K.
Active listings
45
Homes on market
Median list price
$310K
Avg. days on market
63
Days until sale
New this week
17
Newly listed
Who lives in Madison?
Population
12,277
Median income
$57,050/yr
Median age
45 years
Owner-occupied
58.3%
College grads
20.8%
Avg commute
20.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Madison?
Zillow home value
$250,419
Price-to-income
4.4x
Source: Zillow Research
What is it like to live in Madison?
Madison is a community of approximately 12K residents with a median age of 45 years.The median household income is $57,050, which represents a working-class community with solid middle-income opportunities. 20.8% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 58.3%, showing a blend of owner and renter-occupied properties. The average commute time is 20.4 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Madison offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Madison?
5 schools tracked · 2,442 students
The largest public schools serving Madison, IN by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Madison Consolidated High School
Grades 9-12 · 761 students
Madison Consolidated Jr High Sch
Grades 5-8 · 688 students
Anderson Elementary School
Grades PK-4 · 461 students
Lydia Middleton Elementary School
Grades PK-4 · 328 students
Rykers' Ridge Elementary School
Grades PK-4 · 204 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Madison, IN?
Want a head-to-head view? Compare Madison side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Madison?
The median home sale price in Madison is $324,000, up 30.0% from last year.
How long do homes stay on market in Madison?
Homes typically spend 63 days on market before going under contract.
What is the median income in Madison?
The median household income is $57,050 per year.
Is Madison a buyer's or seller's market?
With 3.5 months of supply, Madison is currently a leaning buyer's.
What is the Zillow home value estimate for Madison?
The Zillow Home Value Index (ZHVI) for Madison is $250,419, representing the typical home value in the area.
What is the median condo price in Madison?
The median condo/co-op sale price in Madison, IN is $365,000, compared to $325,750 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Madison?
The median single-family home price in Madison, IN is $325,750 (about $147 per square foot).
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