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Featured local agent — Madison, MS
Sarah Mitchell
Compass Real Estate · Madison, MS
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Madison, MS Housing Market & Real Estate
Housing market overview · Updated monthly ·
$460,000median sale price
How is the Madison, MS housing market right now?
The median home sale price in Madison, MS is $460,000, up 21.9% year-over-year. Homes sell in an average of 32 days with 96 active listings. The market is currently a seller's market. (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, MS is currently a seller's market, based on 2.5 months of supply and homes selling in about 32 days. How we determine this →
Homes sold
39
Last 12 weeks
Days on market
32
Average pace
Active listings
96
2.5 months supply
Sale-to-list
97.3%
Below asking
What does the Madison housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $460,000 |
| Median list price | $399,900 |
| Year-over-year price change | +21.9% |
| Average days on market | 32 days |
| Active inventory | 96 listings |
| Months of supply | 2.5 months |
| Sale-to-list price ratio | 97.3% |
| Median price per sq ft | $172/sq ft |
| Homes sold (latest month) | 39 |
| New listings (latest month) | 41 |
| Listings with a price cut | 30.2% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Madison by property type?
How the Madison, MS market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $460,000 | $172/sq ft | 39 | 32 days |
| Condo / Co-op | $181,000 | $226/sq ft | 1 | 7 days |
| Townhouse | $195,500 | $155/sq ft | 2 | 12 days |
Source: Redfin · Updated monthly
The Madison housing market is currently classified as a seller's market with a median sale price of $460,000. Prices have risen 21.9% compared to last year, with homes spending an average of 32 days on market, indicating 2.5 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 3.4x provides context for how home values compare to local earning capacity.
Homes for sale in Madison
There are currently 96 homes listed for sale in Madison, Mississippi. The median listing price is $400K.
Active listings
96
Homes on market
Median list price
$400K
Avg. days on market
32
Days until sale
New this week
41
Newly listed
Who lives in Madison?
Population
27,775
Median income
$120,918/yr
Median age
40.8 years
Owner-occupied
93.4%
College grads
65.7%
Avg commute
24.7 min
Source: U.S. Census Bureau ACS
What are homes worth in Madison?
Zillow home value
$415,933
Zillow rent index
$2,422/mo
Price-to-rent ratio
14.3x
Price-to-income
3.4x
Source: Zillow Research
What is it like to live in Madison?
Madison is a community of approximately 28K residents with a median age of 40.8 years.The median household income is $120,918, which reflects a relatively affluent area with strong earning potential. 65.7% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 93.4%, reflecting strong community stability and long-term resident commitment. The average commute time is 24.7 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?
12 schools tracked · 8,322 students
The largest public schools serving Madison, MS 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.
GERMANTOWN HIGH SCHOOL
Grades 9-12 · 1,389 students
MADISON CENTRAL HIGH SCHOOL
Grades 10-12 · 1,254 students
MADISON MIDDLE SCHOOL
Grades 6-8 · 1,146 students
GERMANTOWN MIDDLE SCHOOL
Grades 6-8 · 1,033 students
MADISON STATION ELEMENTARY SCHOOL
Grades K-5 · 1,014 students
MANNSDALE ELEMENTARY
Grades K-2 · 603 students
MANNSDALE UPPER ELEMENTARY
Grades 3-5 · 585 students
MADISON AVENUE UPPER ELEMENTARY
Grades 3-5 · 476 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, MS?
Want a head-to-head view? Compare Madison side-by-side with any other U.S. city using our market-comparison tool.
Is Madison a good real estate investment market?
For investors evaluating Madison, the price-to-rent ratio of 14.3x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has appreciated 21.9% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Madison's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Madison's median home price.
Frequently asked questions
What is the average home price in Madison?
The median home sale price in Madison is $460,000, up 21.9% from last year.
How long do homes stay on market in Madison?
Homes typically spend 32 days on market before going under contract.
What is the median income in Madison?
The median household income is $120,918 per year.
Is Madison a buyer's or seller's market?
With 2.5 months of supply, Madison is currently a seller's market.
What is the Zillow home value estimate for Madison?
The Zillow Home Value Index (ZHVI) for Madison is $415,933, 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, MS is $181,000, compared to $460,000 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, MS is $460,000 (about $172 per square foot).
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