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Featured local agent — New Madison, OH
Sarah Mitchell
Compass Real Estate · New Madison, OH
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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New Madison, OH Housing Market & Real Estate
Housing market overview · Updated monthly ·
$112,000median sale price
How is the New Madison, OH housing market right now?
The median home sale price in New Madison, OH is $112,000. Homes sell in an average of 13 days with 3 active listings. The market is currently a balanced 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 New Madison a buyer's or seller's market?
New Madison, OH is currently a balanced market, based on 3.0 months of supply and homes selling in about 13 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
13
Fast-moving
Active listings
3
3.0 months supply
Sale-to-list
80.1%
Below asking
What does the New Madison housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $112,000 |
| Median list price | $174,000 |
| Average days on market | 13 days |
| Active inventory | 3 listings |
| Months of supply | 3.0 months |
| Sale-to-list price ratio | 80.1% |
| Median price per sq ft | $71/sq ft |
| Homes sold (latest month) | 1 |
| New listings (latest month) | 1 |
| Listings with a price cut | 100.0% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in New Madison by property type?
How the New Madison, OH market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $112,000 | $71/sq ft | 1 | 13 days |
Source: Redfin · Updated monthly
The New Madison housing market is currently classified as a balanced market with a median sale price of $112,000. Prices have fallen 0.0% compared to last year, with homes spending an average of 13 days on market, indicating 3.0 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 New Madison
There are currently 3 homes listed for sale in New Madison, Ohio. The median listing price is $174K.
Active listings
3
Homes on market
Median list price
$174K
Avg. days on market
13
Days until sale
New this week
1
Newly listed
Who lives in New Madison?
Population
804
Median income
$64,688/yr
Median age
47.2 years
Owner-occupied
75.4%
College grads
14.7%
Avg commute
25.8 min
Source: U.S. Census Bureau ACS
What are homes worth in New Madison?
Zillow home value
$218,014
Price-to-income
3.4x
Source: Zillow Research
What is it like to live in New Madison?
New Madison is a community of approximately 1K residents with a median age of 47.2 years.The median household income is $64,688, which represents a working-class community with solid middle-income opportunities. 14.7% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 75.4%, reflecting strong community stability and long-term resident commitment. The average commute time is 25.8 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, New Madison offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve New Madison?
3 schools tracked · 802 students
The largest public schools serving New Madison, OH 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.
Tri-Village Elementary School
Grades K-6 · 406 students
Tri-Village High School
Grades 4-12 · 333 students
Wee Patriots Preschool
Grades PK · 63 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 New Madison, OH?
Want a head-to-head view? Compare New 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 New Madison?
The median home sale price in New Madison is $112,000, down 0.0% from last year.
How long do homes stay on market in New Madison?
Homes typically spend 13 days on market before going under contract.
What is the median income in New Madison?
The median household income is $64,688 per year.
Is New Madison a buyer's or seller's market?
With 3.0 months of supply, New Madison is currently a balanced market.
What is the Zillow home value estimate for New Madison?
The Zillow Home Value Index (ZHVI) for New Madison is $218,014, representing the typical home value in the area.
How much does a single-family home cost in New Madison?
The median single-family home price in New Madison, OH is $112,000 (about $71 per square foot).
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