Cindy Breckheimer
Madison, CT 06443
Single-Family Homes
Madison, CT 06443
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.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.
Real-Time Market Profile
| Median List Price | $755,000 | |
| Per Square Foot | $233 | |
| Days on Market | 228 | |
| Price Decreased | 30% | |
| Price Increased | 3% | |
| Relisted | 6% | |
| Inventory | 69 | |
| Median Rent | $2,968 | |
| Most Expensive | $2,995,000 | |
| Least Expensive | $200,000 | |
| Market Action | 40 | |
| 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.
Market Segments
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 |