Madison, MD Foreclosures
How much do homes sell for in Madison, MD?
The average home price is currently $433,208.
In Madison, MD, how many homes are available?
There are currently 84 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 quaint waterfront town on the Eastern Shore with a strong sense of community and a rich array of outdoor activities. Here, you can enjoy a peaceful lifestyle while still being close to urban conveniences. Experience picturesque views, thriving local businesses, and friendly residents.
Current Market Conditions in Madison, MD
The real estate market in Madison, MD, has shown signs of resilience over the past year, with home values steadily appreciating due to its attractive waterfront location and growing demand for properties in the area. This trend indicates that buyers are increasingly recognizing Madison as a desirable place to live, which has bolstered both home sales and rental prices.
Currently, inventory levels are relatively low as the town attracts both first-time homebuyers and those looking to relocate for retirement or second homes. The competitive nature of the market is reflected in rising prices, and listings tend to move quickly, often receiving multiple offers.
Home Value Estimator For Madison, MD
There are currently 154 real estate properties
in Madison, MD,
with a median automated valuation model (AVM) price
of $247,748.00. 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 $433,208.00, 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
