Stephanie & James Crawford

Madison, TN 37115

Single-Family Homes

Nesting In Nashville REAL-TIME Market Reports



Madison, TN 37115

Fri Aug 23 2019
This week the median list price for Madison, TN 37115 is $279,900 with the market action index hovering around 52. This is less than last month's market action index of 55. Inventory has held steady at or around 61. Click here to stay informed with the Madison market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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, TN 37115

Fri Aug 23 2019
This week the median list price for Madison, TN 37115 is $279,900 with the market action index hovering around 52. This is less than last month's market action index of 55. Inventory has held steady at or around 61. Click here to stay informed with the Madison market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 $279,900
Per Square Foot $160
Days on Market 58
Price Decreased 43%
Price Increased 7%
Relisted 26%
Inventory 61
Median House Rent $1,495
Most Expensive $999,900
Least Expensive $140,000
Market Action Index
Strong Seller's Market
52

In the last few weeks we’ve seen prices in this zip code bouncing around this plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate 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
$374,000 2,339 0.5 - 1 acre 4 2 49 1 1 42
$299,900 1,944 0.5 - 1 acre 3 2 33 4 1 29
$240,000 1,542 8,000 - 10,000 sqft 3 2 47 2 3 116
$193,950 1,114 0.25 - 0.5 acre 3 1 55 4 2 45