Thu Nov 14 2019
This week the median list price for Madison, TN 37115 is $272,400 with the market action index hovering around 46. This is about the same as last month's market action index of 46. Inventory has held steady at or around 60.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$272,400|
|Per Square Foot||$167|
|Days on Market||78|
|Strong Seller's Market|
Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$399,000||2,618||1 - 2.5 acres||4||2||50||4||1||81|
|$299,900||1,627||0.25 - 0.5 acre||3||2||13||1||2||60|
|$254,900||1,482||8,000 - 10,000 sqft||3||2||22||3||1||121|
|$215,000||1,148||8,000 - 10,000 sqft||3||2||70||4||5||49|