Cindy Breckheimer

Madison, CT 06443

Single-Family Homes



Madison, CT 06443

Tue Oct 19 2021
This week the median list price for Madison, CT 06443 is $799,000 with the market action index hovering around 51. This is about the same as last month's market action index of 51. Inventory has decreased to 43. Click here to stay informed with the Madison market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Madison, CT 06443

Tue Oct 19 2021
This week the median list price for Madison, CT 06443 is $799,000 with the market action index hovering around 51. This is about the same as last month's market action index of 51. Inventory has decreased to 43. Click here to stay informed with the Madison market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Madison market.
Median List Price $799,000
Median Price of New Listings $499,950
Per Square Foot $321
Average Days on Market 131
Median Days on Market 77
Price Decreased 42%
Price Increased 0%
Relisted 14%
Inventory 43
Median Rent $3,100
Market Action 51
Strong Seller's Market

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

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
$2,562,500 4,117 0.5 - 1 acre 4 3 117 1 1 182
$1,300,000 4,112 1 - 2.5 acres 4 3 43 1 2 70
$749,000 2,733 0.25 - 0.5 acre 4 2 56 1 4 77
$399,999 1,568 1 - 2.5 acres 3 2 87 5 4 14