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Sarah Mitchell

CNESRESABR

Compass Real Estate · Madison, VA

“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”

Madison, VA(512) 555-0184TX License #0512847
Visit website →sarahmitchellhomes.com
5.0 · 47 reviews

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Madison, VA Housing Market & Real Estate

Seller's market

Housing market overview · Updated monthly ·

$422,500median sale price

How is the Madison, VA housing market right now?

The median home sale price in Madison, VA is $422,500. Homes sell in an average of 106 days with 2 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of February 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?

Seller's market1.0 months of supply106 avg. days on market

Madison, VA is currently a seller's market, based on 1.0 months of supply and homes selling in about 106 days. How we determine this →

Homes sold

2

Last 12 weeks

Days on market

106

Average pace

Active listings

2

1.0 months supply

Sale-to-list

97.4%

Below asking

What does the Madison housing market data show?

Current housing market statistics for Madison, VA
MetricValue
Median sale price$422,500
Average days on market106 days
Active inventory2 listings
Months of supply1.0 months
Sale-to-list price ratio97.4%
Median price per sq ft$261/sq ft
Homes sold (latest month)2
Market conditionSeller's market

Source: Redfin · Updated monthly

How much do homes cost in Madison by property type?

How the Madison, VA market breaks down across single-family homes, condos, and townhouses.

Median price, price per square foot, homes sold and days on market by property type in Madison, VA
Property typeMedian pricePrice / sq ftHomes soldDays on market
Single-family$422,500$261/sq ft2106 days

Source: Redfin · Updated monthly

The Madison housing market is currently classified as a seller's market with a median sale price of $422,500. Prices have fallen 0.0% compared to last year, with homes spending an average of 106 days on market, indicating 1.0 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 8.5x provides context for how home values compare to local earning capacity.

Homes for sale in Madison

There are currently 2 homes listed for sale in Madison, Virginia.

Active listings

2

Homes on market

Avg. days on market

106

Days until sale

Sale-to-list:97.4%

Who lives in Madison?

Population

328

Median income

$47,059/yr

Median age

40.3 years

Owner-occupied

38.2%

College grads

12.7%

Avg commute

31.2 min

Source: U.S. Census Bureau ACS

What are homes worth in Madison?

Zillow home value

$399,924

Price-to-income

8.5x

Source: Zillow Research

What is it like to live in Madison?

Madison is a community of approximately 0K residents with a median age of 40.3 years.The median household income is $47,059, which represents a working-class community with solid middle-income opportunities. 12.7% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.

Homeownership rates are at 38.2%, showing a blend of owner and renter-occupied properties. The average commute time is 31.2 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Madison offers a balanced lifestyle with accessible home values relative to local income levels.

Which public schools serve Madison?

4 schools tracked · 1,669 students

The largest public schools serving Madison, VA 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.

Madison County High

Grades 9-12 · 538 students

Public

William H. Wetsel Middle

Grades 6-8 · 405 students

Public

Madison Primary

Grades PK-2 · 380 students

Public

Waverly Yowell Elementary

Grades 3-5 · 346 students

Public

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, VA?

Want a head-to-head view? Compare 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 Madison?

The median home sale price in Madison is $422,500, down 0.0% from last year.

How long do homes stay on market in Madison?

Homes typically spend 106 days on market before going under contract.

What is the median income in Madison?

The median household income is $47,059 per year.

Is Madison a buyer's or seller's market?

With 1.0 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 $399,924, representing the typical home value in the area.

How much does a single-family home cost in Madison?

The median single-family home price in Madison, VA is $422,500 (about $261 per square foot).

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