Madison Heights, MI Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Madison Heights, MI is $215,000, down 4.4% year-over-year. Homes sell in an average of 68 days with 39 active listings. The market is currently a seller's market.
$215,000median sale price
Is Madison Heights a buyer's or seller's market?
Madison Heights, MI is currently a seller's market, based on 1.9 months of supply and homes selling in about 68 days. How we determine this →
Homes sold
21
Last 12 weeks
Days on market
68
Average pace
Active listings
39
1.9 months supply
Sale-to-list
101.1%
Above asking
Madison Heights, MI market data
| Metric | Value |
|---|---|
| Median sale price | $215,000 |
| Median list price | $225,000 |
| Year-over-year price change | -4.4% |
| Average days on market | 68 days |
| Active inventory | 39 listings |
| Months of supply | 1.9 months |
| Sale-to-list price ratio | 101.1% |
| Market condition | Seller's market |
Source: Redfin · Updated weekly
The Madison Heights housing market is currently classified as a seller's market with a median sale price of $215,000. Prices have fallen 4.4% compared to last year, with homes spending an average of 68 days on market, indicating 1.9 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
Homes for sale in Madison Heights
There are currently 39 homes listed for sale in Madison Heights, Michigan. The median listing price is $225K.
Active listings
39
Homes on market
Median list price
$225K
Avg. days on market
68
Days until sale
New this week
26
Newly listed
Top public schools in Madison Heights
13 schools tracked · 4,003 students
The largest public schools serving Madison Heights, MI 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.
Lamphere High School
Grades 9-12 · 750 students
Page Middle School
Grades 6-8 · 533 students
Keys Grace Academy
Grades K-12 · 514 students
Madison Elementary School
Grades PK-5 · 355 students
Edmonson Elementary School
Grades PK-5 · 302 students
Four Corners Montessori Academy
Grades PK-8 · 272 students
Hiller Elementary School
Grades PK-5 · 257 students
Lessenger Elementary School
Grades PK-5 · 250 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Explore nearby cities in MI
Frequently asked questions
What is the average home price in Madison Heights?
The median home sale price in Madison Heights is $215,000, down 4.4% from last year.
How long do homes stay on market in Madison Heights?
Homes typically spend 68 days on market before going under contract.
Is Madison Heights a buyer's or seller's market?
With 1.9 months of supply, Madison Heights is currently a seller's market.
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