2019 Madison Market Trends Report
In 2019 the number of residential, land and farm real estate transactions in the Heart of the Piedmont was up 9% compared to the prior year. 2,476 properties sold in 2019 compared to 2,267 properties in 2018. The total dollar value of real estate sales increased by 15% with $990,934,314 sold in 2019 and $858,252,289 sold in 2018.
The number of residential transactions increased by 10% in 2019. On a county by county basis, Rappahannock,Fauquier, Madison and Culpeper transactions increased by 11%, 17%, 8% and 11% respectively.
Land & Farm transactions decreased by 19% in 2019. On a county by county basis, Rappahannock, Fauquier, Madison and Culpeper decreased 24%, 21%, 16% and 14% respectively.
Madison Home Sales
KEY RESIDENTIAL MARKET INDICATORS
Thirty homes sold in the 4th quarter of 2019 compared to 24 in the 4th quarter of 2018.
There are currently 59 residential properties for sale which is about a 6-month supply. The active listings have an average days on market of 143. The average list price of homes currently on the market is $472,590. Madison did have its first residential sale over $1,000,000 since September 2013.
2018 RESIDENTIAL TRANSACTIONS 2019 RESIDENTIAL TRANSACTIONS
Madison Land & Farm Sales
KEY LAND AND FARM MARKET INDICATORS
Six properties sold in the 4th quarter of 2019 compared to 14 properties in the 4th quarter of 2018.
There are currently 109 properties for sale which is about a 27-month supply. The properties currently on the market have an average days on market of 350.
2018 LAND & FARM TRANSACTIONS BY ACREAGE
View the 2019 Market Trends Report.
View the 2018 Market Trends Report.
View the 2017 Market Trends Report,