Cindy Breckheimer

Madison, CT 06443

Single-Family Homes


Madison, CT 06443

Wed Oct 04 2023
This week the median list price for Madison, CT 06443 is $750,000 with the market action index hovering around 58. This is an increase over last month's market action index of 56. Inventory has held steady at or around 25. 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

Market conditions have recently resumed tightening. As the rate of home sales increases relative to the number of homes on the market, the Market Action Index increases. Even though the MAI is technically in the Seller’s zone, prices have not yet started climbing along with the changes in Market Action, but expect them to do so if the trend continues.

Madison, CT 06443

Wed Oct 04 2023
This week the median list price for Madison, CT 06443 is $750,000 with the market action index hovering around 58. This is an increase over last month's market action index of 56. Inventory has held steady at or around 25. 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

Market conditions have recently resumed tightening. As the rate of home sales increases relative to the number of homes on the market, the Market Action Index increases. Even though the MAI is technically in the Seller’s zone, prices have not yet started climbing along with the changes in Market Action, but expect them to do so if the trend continues.

Real-Time Market Profile

Never miss important changes in the Madison market.
Median List Price $750,000
Median Price of New Listings $1,512,450
Per Square Foot $341
Average Days on Market 43
Median Days on Market 28
Price Decreased 32%
Price Increased 4%
Relisted 4%
Inventory 25
Median Rent
Market Action 58
Strong Seller's Market

Again this week we see a downward notch for prices in this zip code. Pricing has been weak recently and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$3,000,000 4,431 0.5 - 1 acre 4 4.8 56 2 1 35
$1,049,950 3,195 0.5 - 1 acre 4 3.3 51 0 2 21
$664,900 2,501 1 - 2.5 acres 4 2.5 54 1 1 21
$525,000 1,912 0.25 - 0.5 acre 3 2.5 54 1 2 63