| Metric | Latest | Detail |
|---|---|---|
| Median listing price | $309,250 | -6.3% YoY |
| Median price per sq ft | $181 | 1,722 sq ft median |
| Median days on market | 72 | +50% YoY |
| Active listings | 123 | +24% YoY |
| New listings this month | 38 | September 2026 |
| Listings with a price cut | 24% | Share of active |
| Median sale price (closed) | $250,293 | +11.5% YoY · closed sales, July 2026 |
| Sale-to-list ratio | 96.2% | Closed sales, July 2026, seasonally adjusted |
| Pending-to-active ratio | 21.9% | 27 pending |
| Inventory vs 2019 | 90% | Active listings vs same month in 2019 |
Metropolitan market · Indiana · September 2026 data
What is the Madison, IN real estate market doing?
As of September 2026, the median home listed in Madison, IN asks $309,250, down 6.3% year over year. Homes spend a median of 72 days on market, with 123 active listings and 24% carrying a price cut; pending contracts equal 22% of active listings, and inventory sits at 90% of the same month in 2019 — a buyer's market. Figures come from public records and industry data, updated monthly.
Median listing price
$309,250
▼ 6.3% YoY
Median $ / sq ft
$181
1,722 sq ft median
Median days on market
72
September 2026
Active listings
123
For sale now
New listings
38
September 2026
Listings with price cuts
24%
Share of active
Inventory vs 2019
90%
Same month, 2019 = 100
Pending / active
22%
Contract activity
Median sale price (closed)
$250,293
▲ 11.5% YoY · closed sales · July 2026
Sale-to-list ratio
96.2%
Closed sales · July 2026, seasonally adjusted
Homes sold / month
26
Closed sales · July 2026, seasonally adjusted
What is the Madison, IN housing market doing right now?
The Madison, IN housing market lists at a $309,250 median as of September 2026, down 6.3% year over year, with a 72-day median market time and 123 homes for sale (24% with a price cut). Active inventory is 90% of the 2019 level, reading as a buyer's market under WealthyBud's published buyer/seller rule.
Madison housing market statistics
The table summarizes Madison's key housing figures for September 2026 — median listing and closed-sale prices, market pace, inventory and rental yield — each computed from public records and industry data. Closed-sale figures are Redfin's July 2026 data, the latest settled month Redfin reports for Madison.
How have home prices changed in Madison?
Madison home prices are down 6.3% year over year and -4.8% month over month as of September 2026, at a $309,250 median listing price. The chart tracks the trailing eight-quarter trend in the metro's median asking price.
Median listing price, Madison IN · trailing 8 quarters · source: public records and industry data.
The 10-year view
10-year median listing price, Madison IN · June of each year, 2017–2026 · source: public records and industry data.
How much inventory is on the market in Madison?
Madison has 123 active listings, 38 new this month, 27 pending as of September 2026. About 24% of active listings have cut their price, and inventory sits at 90% of its 2019 level — a buyer's market by pace.
Is Madison a good real estate investment?
Madison scores 32/100 on WealthyBud's composite Investor Score, ranking #793 of 933 covered U.S. metros as of September 2026. The score blends price momentum, value, rental yield, supply and market heat into one percentile. It is a research opinion, not advice.
Investor Score
32/100
#793 of 933 covered metros
Madison scores 32/100 on our composite Investor Score (#793 of 933 covered metros), a percentile blend of momentum, value, rental yield, supply and market-heat readings; active inventory sits at 90% of its June 2019 level, so supply is still below pre-pandemic norms; listing prices are down 6.3% year over year; all against a national 30-year fixed mortgage rate of 7.28% (national weekly average, 2026-10-01).
Scores are percentile ranks (0–100) across all covered U.S. metros, computed from the public data cited on this page — formulas here. They are data-derived opinions, not investment advice. See how Madison ranks on the trending markets index.
How much is a monthly mortgage payment in Madison?
A home at Madison's $309,250 median listing runs about $1,693 a month in principal and interest — 20% down on a 30-year fixed loan at the current 7.28% national average rate. Taxes, insurance and HOA are extra.
If rates fall 1% · 6.28%
$1,528/mo
−$165/mo vs today
At today's rate · 7.28%
$1,693/mo
National weekly average
If rates rise 1% · 8.28%
$1,864/mo
+$171/mo vs today
Principal & interest on the $309,250 median listing with 20% down and a 30-year fixed loan — excludes taxes, insurance and HOA. Current rate: 7.28% (national weekly average, 2026-10-01). Model a full deal in the deal analyzer.
How much income do you need to buy a home in Madison?
To buy Madison’s $309,250 median listing with 20% down, a household needs about $80,000 a year in gross income, keeping principal, interest and property tax ($1,863/mo) at 28% of income. That is 1.3× the area’s $59,987 median household income, so a typical Madison household cannot afford the median listing on these terms.
| Item | Amount | Basis |
|---|---|---|
| Median listing price | $309,250 | September 2026 |
| Down payment (20%) | $61,850 | Assumption |
| Principal & interest (7.28%, 30-yr fixed) | $1,693/mo | Rate as of 2026-10-01 |
| Property tax (0.66% effective rate) | $170/mo | Census ACS |
| Income needed (28% rule) | $80,000 | Gross household income / yr |
| Median household income | $59,987 | Census ACS 2023 ACS 5-year |
Excludes homeowners insurance, HOA dues and mortgage insurance, so the true income needed is higher. Compare every market in the income-needed ranking and the price-to-income ranking.
What is driving the Madison housing market?
Longer-run demand in Madison shows up in 66 homes permitted in 2025; net migration of +144 residents. Natural-hazard risk rates Relatively Low. These federal supply-pipeline, migration and jobs signals shape where prices head next.
Building permits (2025)
66
▼ 29.8% vs 2024
2.0 per 1,000 residents
Net migration (2022–2023)
+144
▲ people, via tax-return records
net income flow +$3.62M/yr
Natural-hazard risk
Relatively Low
National hazard index · top hazard: Riverine flooding
Based on public government records — building-permit, tax-return migration, employment and natural-hazard statistics, aggregated to the metro. Details on /methodology.
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ReadMadison housing market FAQ
What is the median home price in Madison?
As of September 2026, the median listing price in Madison, IN is $309,250, down 6.3% year over year (source: public records and industry data). Figures cover the Madison, IN metro area.
How much does it cost to buy a home in Madison?
The median home listed in Madison asks $309,250 as of September 2026. With 20% down on a 30-year fixed loan at the current 7.28% national average rate, that runs about $1,693 a month in principal and interest, before taxes, insurance and HOA.
How fast are homes selling in Madison?
The median property in Madison spends 72 days on the market, with 123 homes actively listed and 24% of them carrying a price cut — a buyer's market as of September 2026.
Is it a buyer's or seller's market in Madison?
With a median 72 days on market and 24% of active listings carrying a price cut, pending contracts at 22% of active listings, Madison reads as a buyer's market as of September 2026. Labels use WealthyBud's published DOM / sale-to-list / price-cut / pending rule. Conditions shift monthly.
Is Madison a good place to invest in real estate?
Madison scores 32/100 on WealthyBud's Investor Score, ranking #793 of 933 covered U.S. metros as of September 2026. The score blends price momentum, value, rental yield, supply and market heat. It is a data-derived research opinion, not investment advice.
Who are the top real estate agents in Madison?
See WealthyBud directories for the top-producing agents, teams and brokerages serving Madison and the wider Indiana market, ranked by recent sales from public profile data.
Based on public records and industry data, September 2026 — see our methodology for how every figure is computed. Figures cover the Madison, IN metro area. Figures change monthly — verify current conditions with a local agent or MLS. Portions of market data courtesy of Realtor.com and Redfin; additional statistics from U.S. government sources.
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