With only 1.5 months of inventory, Madison remains a seller's market. The median home price in Madison currently stands at $225,500. At the current pace, all available homes in Madison would sell out in just 1.5 months, indicating a continued supply shortage. Homes are taking about 32 days to sell, which is NaN days longer than this time last year. A significant 66.7% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Madison market with the affordability index at 85.0. Based on current market indicators, home prices in Madison are projected to increase by approximately 67.2% over the next month.
Madison, MS has a total population of 27,220 residents. The area is predominantly White (75.3%), The African American population is 10.7%. with Asian residents representing 4.8%. The area shows moderate demographic diversity. As a smaller community, Madison, MS offers a close-knit residential environment.
Crime analysis for Madison, MS shows 207 total incidents across all categories. The most prevalent crime type is Property Crime (56.5% of all incidents). This is followed by Assault at 33.8%. The crime rate in Madison, MS is relatively low, with violent crimes being more common than property crimes. While crime exists, Madison, MS maintains reasonable safety levels for most residents.
Market predictions for Madison, MS show a downward trend in home prices, with values decreasing by 3.4%. This suggests a gradual price adjustment in the market. The current median home price in Madison, MS is approximately $364,263.693. The stable price trend suggests a balanced market in Madison, MS, suitable for both buyers and sellers.
Investment hotspot data for Madison, MS is currently unavailable.
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