Madison, MS Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Madison, MS is $299,000, down 22.3% year-over-year. Homes sell in an average of 32 days with 101 active listings. The market is currently a buyer's market.
$299,000median sale price
Is Madison a buyer's or seller's market?
Madison, MS is currently a buyer's market, based on 9.2 months of supply and homes selling in about 32 days. How we determine this →
Homes sold
11
Last 12 weeks
Days on market
32
Average pace
Active listings
101
9.2 months supply
Sale-to-list
96.7%
Below asking
Madison, MS market data
| Metric | Value |
|---|---|
| Median sale price | $299,000 |
| Median list price | $470,000 |
| Year-over-year price change | -22.3% |
| Average days on market | 32 days |
| Active inventory | 101 listings |
| Months of supply | 9.2 months |
| Sale-to-list price ratio | 96.7% |
| Market condition | Buyer's market |
Source: Redfin · Updated weekly
The Madison housing market is currently classified as a buyer's market with a median sale price of $299,000. Prices have fallen 22.3% compared to last year, with homes spending an average of 32 days on market, indicating 9.2 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Market trends
Homes for sale in Madison
There are currently 101 homes listed for sale in Madison, Mississippi. The median listing price is $470K.
Active listings
101
Homes on market
Median list price
$470K
Avg. days on market
32
Days until sale
New this week
33
Newly listed
Top public schools in 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.
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Frequently asked questions
What is the average home price in Madison?
The median home sale price in Madison is $299,000, down 22.3% from last year.
How long do homes stay on market in Madison?
Homes typically spend 32 days on market before going under contract.
Is Madison a buyer's or seller's market?
With 9.2 months of supply, Madison is currently a buyer's market.
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