Madison, MD Foreclosures
How much do homes sell for in Madison, MD?
The average home price is currently $435,312.
In Madison, MD, how many homes are available?
There are currently 85 active home listings available in Madison.
What’s the average rental cost in Madison, MD?
The average rental price in Madison is $1,403.
What is the most expensive home in Madison?
The most expensive home sold in Madison had a price of $10,500,000.
What is currently the cheapest priced home in Madison, MD?
The cheapest home for sale in Madison is priced at $14,540.
Living in Madison, MD
Madison, MD, is a picturesque coastal town on the Eastern Shore known for its strong community spirit and stunning views of the Chesapeake Bay. With ample outdoor activities and a charming local atmosphere, it offers an ideal living experience for families and individuals alike. Madison's rich history and vibrant cultural events make it a must-visit area for all.
Current Market Conditions in Madison, MD
The real estate market in Madison, MD is currently showing signs of stability, with moderate growth in home prices. Buyers are drawn to the area for its scenic views and community-centric lifestyle, contributing to a steady demand for homes. The market is competitive, with homes selling relatively quickly, making it an attractive option for potential investors.
There has been a noticeable increase in interest in Madison's real estate market driven by remote work opportunities, allowing families to choose a more serene lifestyle while still being connected to larger urban centers. Consequently, new developments and renovations of historic homes are becoming more prevalent.
Home Value Estimator For Madison, MD
There are currently 147 real estate properties
in Madison, MD,
with a median automated valuation model (AVM) price
of $247,033.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Madison, MD, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Madison, MD,
is $435,312.00, with the most expensive house
in Madison, MD, topping out
at $10,500,000.00 and the cheapest home
in Madison, MD,
clocking in at $14,540.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Madison, MD!
Rent Prices
In Madison, MD
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Madison, MD, is on
a rollercoaster ride. The
average rent price in Madison, MD,
is $1,403.00. Indeed, when looking to rent in
Madison, MD, you can expect to pay as little
as $640.00 or as much
as $3,280.00,
with the average rent median estimated to
be $1,260.00. The good news is that finding
an affordable and desirable property to rent in Madison, MD
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
