Madison, VA Foreclosures
How much do homes sell for in Madison, VA?
The average home price is currently $471,715.
In Madison, VA, how many homes are available?
There are currently 1 active home listings available in Madison.
What’s the average rental cost in Madison, VA?
The average rental price in Madison is $1,543.
What is the most expensive home in Madison?
The most expensive home sold in Madison had a price of $13,432,498.
What is currently the cheapest priced home in Madison, VA?
The cheapest home for sale in Madison is priced at $35,769.
Living in Madison, VA
Madison, Virginia, is a picturesque town nestled in the foothills of the Blue Ridge Mountains, offering stunning landscapes and a supportive community atmosphere. Its small-town charm, coupled with ample outdoor activities, makes it an ideal location for those seeking a quieter lifestyle. The local economy thrives on agriculture and tourism, showcasing the region's natural wonders and rich history.
Current Market Conditions in Madison, VA
The real estate market in Madison, VA, is currently experiencing moderate growth, with a steady increase in home values over the past year. The town's appeal lies in its rural charm and proximity to nature, attracting buyers looking for peaceful surroundings while still being part of a close-knit community. Homes tend to sell quickly, particularly those with larger plots of land or proximity to local amenities.
As of late 2023, buyers in the area are facing a competitive market due to limited inventory. Many homes are being sold above the asking price as buyers recognize the value in Madison's lifestyle and environment. This trend indicates a healthy demand for properties, especially among families and retirees, leading to an optimistic outlook for future development.
Home Value Estimator For Madison, VA
There are currently 2,069 real estate properties
in Madison, VA,
with a median automated valuation model (AVM) price
of $401,960.00. 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, VA, 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, VA,
is $471,715.00, with the most expensive house
in Madison, VA, topping out
at $13,432,498.00 and the cheapest home
in Madison, VA,
clocking in at $35,769.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Madison, VA!
Rent Prices
In Madison, VA
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Madison, VA, is on
a rollercoaster ride. The
average rent price in Madison, VA,
is $1,543.00. Indeed, when looking to rent in
Madison, VA, you can expect to pay as little
as $760.00 or as much
as $3,260.00,
with the average rent median estimated to
be $1,500.00. The good news is that finding
an affordable and desirable property to rent in Madison, VA
-- 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.
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