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Madison Home Values and Market Report

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Report prepared by Westmichiganhomesnow.com Lighthouse Realty

Market at a glance

Over the last 12 months, homes sold for 99.4% of list price in 37 days on average.

Average price, last 12 months

What sellers asked vs. what homes actually sold for, by closing month.

List · $179K Sold · $176K
$240K$210K$180K$150K
NovDecJanFebMarAprMayJunJulAugSepOct

Homes sold per month

Closed sales, last 12 months.

Peak: 28 sales in Nov. Last month: 27.

Where the market stands

All homes in this report, by status.

324homes
Active61 · 19%
Under contract11 · 3%
Sold (12 mo)252 · 78%

Buyer's or seller's market?

Months it would take to sell every active home at the pace of the last 6 months.

2.4months of inventory
Seller's, under 4BalancedBuyer's, over 6

Homes are selling quickly, which favors sellers in this market.

Average price by status

Active$197K
Under contract$179K
Sold$203K

Average days on market

Active59 days
Under contract144 days
Sold37 days

Browse homes by status

Choose a status to see its numbers, charts and listings.

Active homes

Currently for sale
Homes for sale 61
Average list price $197,145
Avg. days on market 59 days
Avg. price per ft² $163 Based on 51 of 61 homes
Avg. living area 1,182 ft² Based on 51 of 61 homes
Avg. beds / baths 2.8 / 1.5

Price vs. living area

Each dot is a home. Hover a dot for its address, click it to see the home.

10 homes didn’t report living area and aren’t shown.

$600K$400K$200K$0

Price vs. living area: 51 homes plotted, up to $600K and 3,000 ft².

0 ft²1,0002,0003,000 ft²

How long homes have been listed

Number of homes by days on market.

Bedroom mix

Number of homes by bedroom count.

1 home didn’t report bedrooms and isn’t shown.

Highest price per ft²

Top 7 homes in this status.

27715 Park Court$291
27425 Osmun Street$287
628 W Hudson Avenue$241
29356 Edward Avenue$238
84 E Kalama Avenue$236
27828 Groveland Street$228
27824 Groveland Street$228

All active listings

Click a column to sort
AddressBedsBathsLiving ft²List price$ / ft²Days on market
27415 Groveland StreetMadison Heights, MI 48071 421,376$199,900$1452 days
25405 Miracle DriveMadison Heights, MI 48071 311,092$175,000$1603 days
884 Bernie LaneMadison Heights, MI 48071 321,960$229,900$1173 days
27722 BRETTONWOODS StreetMadison Heights, MI 48071 31950$183,800$1934 days
3395 Treat HighwayAdrian, MI 49221 41—$219,000—4 days
2778 S Tyndall RoadBranch, MI 49402 221,300$179,000$1374 days
2181 Geller DriveAdrian, MI 49221 321,056$179,900$1704 days
1544 Middlesex AvenueMadison Heights, MI 48071 31—$207,777—6 days
256 Au Sable River CourtAdrian, MI 49221 321,757$60,000$346 days
26118 TOWNLEY StreetMadison Heights, MI 48071 411,125$229,900$2046 days
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Questions about this market?

These numbers move every month. For what they mean for your home, or for a home you have your eye on, get in touch.

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