Brokers — List your Company Here
Featured local agent — North Madison, OH
Sarah Mitchell
Compass Real Estate · North Madison, OH
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
This spot is open. Be the only brokerage featured on this page — one slot, no auction.
Claim this spot* Example only — dummy agent for illustration. Your logo, name, tagline, link, and lead routing replace this content.
North Madison, OH Housing Market
The last median sale price Redfin published was $167,000, -2.2% year over year (through May 2026). With 1.3 months of supply and homes going under contract in about 5 days, North Madison is a strong seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $167,000 home is about $892/mo in principal and interest.
Key numbers for North Madison, OH
Median sale price
$167,000
-2.2% year over year
Redfin, through May 2026
Days on market
5
Fast-moving
Redfin, through May 2026
Active listings
15
1.3 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$60,875
Home costs 2.7x income
U.S. Census ACS, 2023
Sale-to-list ratio
103.1%
Selling above asking
Redfin, through May 2026
Zillow figures refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is North Madison a buyer's or seller's market?
North Madison, OH is a strong seller's market, based on 1.3 months of supply and homes selling in about 5 days. Under 2 months of supply is a severe shortage: expect competition on almost anything priced correctly, and little room to negotiate below asking.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the North Madison housing market data show?
Every row below is Redfin's final published month for North Madison, OH. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $167,000 |
| Median list price | $216,950 |
| Year-over-year price change | -2.2% |
| Median price per sq ft | $147/sq ft |
| Median days on market | 5 days |
| Active inventory | 15 listings |
| Months of supply | 1.3 months |
| Sale-to-list price ratio | 103.1% |
| Homes sold (that month) | 12 |
| New listings (that month) | 8 |
| Listings with a price cut | 13.3% |
| Market condition | Strong seller's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for North Madison is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in North Madison is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have North Madison home prices moved?
Over the last three years the median sale price in North Madison, OH fell 13.5%, from $193,000 to $167,000. 13.3% of North Madison listings cut their asking price in the final Redfin month — a modest share, which is what a market looks like when sellers are pricing close to where homes actually clear. For prices to fall meaningfully from here, supply would have to keep building past 1.3 months while the sale-to-list ratio slips below its current 103.1%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
Get North Madison market alerts
Weekly updates on prices, inventory, and trends. Free forever.
What does it cost to buy a home in North Madison?
Priced off the median sale price of $167,000 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $33,400 | $133,600 | $892/mo |
| 5% | $8,350 | $158,650 | $1,059/mo |
Redfin, through May 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $892, that implies roughly $38,209 a year before you add taxes and insurance. The median household in North Madison earns $60,875, about $22,666 more than that threshold — the typical local household clears the payment on a typical local home with 20% down. That puts the price-to-income ratio at 2.7x — close to the historical 3x norm, which is unusual in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in North Madison in the next 12 months?
Tell us your timeline. We send the North Madison market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in North Madison?
Zillow does not publish a rent index (ZORI) for North Madison, OH, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in North Madison?
Active listings in North Madison, OH went from 27 in May 2025 to 15 in May 2026, a -44.4% change. Falling inventory tightens competition. When supply drops while demand holds, sale-to-list ratios rise before the median sale price does.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 36 | 20 |
| July 2025 | 31 | 15 |
| August 2025 | 28 | 12 |
| September 2025 | 25 | 10 |
| October 2025 | 28 | 16 |
| November 2025 | 30 | 11 |
| December 2025 | 20 | 2 |
| January 2026 | 20 | 5 |
| February 2026 | 21 | 6 |
| March 2026 | 19 | 6 |
| April 2026 | 17 | 13 |
| May 2026 | 15 | 8 |
Redfin, through May 2026
How does North Madison compare to Ohio and the U.S.?
North Madison homes sell for $167,000 — 41% below the Ohio median of $282,600. Against the national median of $410,700, North Madison runs 59% lower. Year-over-year, North Madison moved -2.2% against Ohio's +5.4% — a smaller swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| North Madison, OH | $167,000 | -2.2% | 5 days |
| Ohio statewide | $282,600 | +5.4% | 36 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in North Madison
What buyers should watch
- Months of supply, currently 1.3. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 13.3%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $167 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $167,000 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median North Madison listing goes under contract in 5 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 103.1% of asking. Price at the number you want and let competition do the rest.
- In the last published month North Madison added 8 new listings against 12 sales — more clearing than arriving, which is the better window to list.
- Comparable ZIP-level pricing inside North Madison varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in North Madison
There are currently 15 homes listed for sale in North Madison, Ohio. The median listing price is $217K.
Active listings
15
Homes on market
Median list price
$217K
Avg. days on market
5
Days until sale
New this week
8
Newly listed
How much do homes cost in North Madison by property type?
How the North Madison, OH market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $167,000 | $147/sq ft | 12 | 5 days |
| Condo / co-op | $233,500 | $132/sq ft | 2 | 86 days |
Who lives in North Madison?
American Community Survey estimates for North Madison. U.S. Census ACS, 2023
Population
8,309
Households
3,457
Median income
$60,875/yr
Median age
39.5 years
Owner-occupied
78.2%
Median home value
$146,200
Median gross rent
$1,109/mo
Mean commute
28.4 min
78.2% of occupied homes in North Madison are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market.
Which cities are near North Madison, OH?
Ordered by distance from North Madison, not by size. Compare North Madison side by side with any of them.
North Madison housing market FAQ
Is North Madison a buyer's or seller's market?
North Madison, OH is currently a strong seller's market. That read comes from 1.3 months of supply, homes going under contract in about 5 days, and sellers getting 103.1% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in North Madison?
The median sale price in the last month Redfin published was $167,000, about $147 per square foot.
Is North Madison cheaper than the rest of Ohio?
North Madison's median sale price of $167,000 is 41% lower than the Ohio statewide median of $282,600, and 59% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in North Madison?
Homes in North Madison, OH spent a median of 5 days on market before going under contract, versus 36 days statewide. Under three weeks means well-priced listings move before most buyers can schedule a second showing. (Redfin, through May 2026.)
What income do you need to buy a home in North Madison?
At the current 30-year fixed rate of 7.03%, 20% down on a $167,000 home is about $892 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $38,209 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $60,875.
Are home prices rising in North Madison?
Redfin's last published year-over-year change for North Madison, OH was -2.2%, measured through May 2026. That series is frozen; treat it as a historical reading rather than a current trend.
What are the cheapest ZIP codes in North Madison?
North Madison ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in North Madison?
That depends on your timeline, not on a headline. What the data says today: North Madison, OH is a strong seller's market with 1.3 months of supply, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
Be the brokerage on this page
1 slot per pageGet featured on North Madison, OH
Your logo, brokerage name, and direct link to your site — featured at the top of this page in front of every visitor researching this whole city. One brokerage, no rotation, no bidding war.
- Goes live in 24 hours
- Cancel anytime
- Do-follow backlink to your site
Keep researching North Madison
Nearby markets
Get the North Madison market brief
Get the North Madison, OH market brief
One email: what homes are actually clearing at around $167,000, how long they sit, which ZIPs run cheaper, and what to fix on your credit before you apply.