Thu Dec 03 2020
This week the median list price for Madison, CT 06443 is $755,000 with the market action index hovering around 40. This is an increase over last month's market action index of 39. Inventory has held steady at or around 69.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$755,000|
|Per Square Foot||$233|
|Days on Market||228|
|Slight Seller's Advantage|
We continue to see prices in this zip code bounce around these current levels. Look for a persistent down-shift in the Market Action Index before we see prices dip. A persistent increase in Market Action could indicate prices will test their previous high points.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$1,890,000||3,964||0.5 - 1 acre||5||4||90||0||1||290|
|$875,000||3,168||0.5 - 1 acre||4||3||94||3||1||161|
|$649,900||3,086||1 - 2.5 acres||4||3||50||2||3||299|
|$389,950||2,055||1 - 2.5 acres||3||2||59||2||4||164|