Madison, AL Real Estate & Property Data

Madison Real Estate Market Trends
Last Updated: March 19, 2024

To gain a better understanding of the real estate market in Madison, AL, it is essential to have accurate and comprehensive real estate data. ATTOM provides up-to-date real estate data for Madison, which is refreshed on a daily basis. Based on the latest market trends, a total of 614 residential properties have been sold in Madison, AL over the past year, with a median home price of $465,000 and 1 foreclosure filings. Additionally, the 2022 effective property tax rate in Madison is 0.6%. To find more detailed property data for Madison, Alabama, look no further than ATTOM.

Madison Real Estate Market Trends
Total Residential Properties 31,098
Total Commercial Properties 1,421
Avg. Home Age (Single Family Home) 23 Years
Avg. Square Feet (Single Family Home) 2,499
Total 2024 Residential Sales (year-to-date) 23
% of Homes Seriously Underwater (Q1 2024) 0.87%
Total 2023 Residential Sales 591
% of Equity Rich Homes (Q1 2024) 39.41%
Effective 2023 Property Tax 0.6%
Total Foreclosure Filings (year-to-date) 1
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Madison, AL Real Estate Overview

A total of 614 residential properties have been sold in Madison, AL over the past year, with a median home price of $348,883. There are currently 31,098 residential properties in Madison, AL, which can be further analyzed by looking at the 2 zip codes and 1120 streets encompassing the city.

Median Sales Price i
$465,000
(Jan 2024)
+9.2%
year-over-year
y-o-y
  • January '24 Jan '24 $465,000
  • December '23 Dec '23 $326,317
  • November '23 Nov '23 $352,500
  • October '23 Oct '23 $350,500
  • September '23 Sep '23 $335,000
  • August '23 Aug '23 $427,500
  • July '23 Jul '23 $427,425
  • June '23 Jun '23 $399,000
  • May '23 May '23 $459,925
  • April '23 Apr '23 $442,850
  • March '23 Mar '23 $382,354
  • February '23 Feb '23 $299,900
Median Down Payment i
$418,500
(Jan 2024)
+458.2%
year-over-year
y-o-y
  • January '24 Jan '24 $418,500
  • December '23 Dec '23 $249,750
  • November '23 Nov '23 $117,000
  • October '23 Oct '23 $80,000
  • September '23 Sep '23 $72,300
  • August '23 Aug '23 $130,824
  • July '23 Jul '23 $311,762
  • June '23 Jun '23 $200,200
  • May '23 May '23 $257,904
  • April '23 Apr '23 $276,000
  • March '23 Mar '23 $206,400
  • February '23 Feb '23 $254,800
Number of Homes Sold i
23
(Jan 2024)
+76.9%
year-over-year
y-o-y
  • January '24 Jan '24 23
  • December '23 Dec '23 57
  • November '23 Nov '23 55
  • October '23 Oct '23 82
  • September '23 Sep '23 80
  • August '23 Aug '23 85
  • July '23 Jul '23 46
  • June '23 Jun '23 45
  • May '23 May '23 51
  • April '23 Apr '23 28
  • March '23 Mar '23 31
  • February '23 Feb '23 18
Number of Purchase Loans i
43
(Jan 2024)
+87%
year-over-year
y-o-y
  • January '24 Jan '24 43
  • December '23 Dec '23 82
  • November '23 Nov '23 73
  • October '23 Oct '23 88
  • September '23 Sep '23 85
  • August '23 Aug '23 72
  • July '23 Jul '23 39
  • June '23 Jun '23 51
  • May '23 May '23 56
  • April '23 Apr '23 41
  • March '23 Mar '23 40
  • February '23 Feb '23 42
Number of REFI Loans i
66
(Jan 2024)
+61%
year-over-year
y-o-y
  • January '24 Jan '24 66
  • December '23 Dec '23 49
  • November '23 Nov '23 47
  • October '23 Oct '23 46
  • September '23 Sep '23 60
  • August '23 Aug '23 54
  • July '23 Jul '23 15
  • June '23 Jun '23 36
  • May '23 May '23 15
  • April '23 Apr '23 19
  • March '23 Mar '23 25
  • February '23 Feb '23 37
Number of HELOC Loans i
30
(Jan 2024)
+114.3%
year-over-year
y-o-y
  • January '24 Jan '24 30
  • December '23 Dec '23 38
  • November '23 Nov '23 43
  • October '23 Oct '23 52
  • September '23 Sep '23 44
  • August '23 Aug '23 47
  • July '23 Jul '23 15
  • June '23 Jun '23 24
  • May '23 May '23 8
  • April '23 Apr '23 14
  • March '23 Mar '23 14
  • February '23 Feb '23 7

Madison, AL Real Estate Market Overview

Last 30 days
  • Zip
    Median Est. Value
  • Zip
    Median Est. Value
  • Zip
    Median Est. Value

Madison, AL Foreclosure Activity

There were a total of 1 Madison, AL properties with a foreclosure filing in January 2024.

Total Foreclosure Filings i
1
(Jan 2024)
-75%
year-over-year
y-o-y
  • January '24 Jan '24 1
  • December '23 Dec '23 3
  • November '23 Nov '23 5
  • October '23 Oct '23 2
  • September '23 Sep '23 6
  • August '23 Aug '23 8
  • July '23 Jul '23 2
  • June '23 Jun '23 6
  • May '23 May '23 2
  • April '23 Apr '23 N/A
  • March '23 Mar '23 2
  • February '23 Feb '23 2
Foreclosure Starts i
1
(Jan 2024)
-75%
year-over-year
y-o-y
  • January '24 Jan '24 1
  • December '23 Dec '23 3
  • November '23 Nov '23 5
  • October '23 Oct '23 2
  • September '23 Sep '23 6
  • August '23 Aug '23 8
  • July '23 Jul '23 2
  • June '23 Jun '23 6
  • May '23 May '23 2
  • April '23 Apr '23 N/A
  • March '23 Mar '23 2
  • February '23 Feb '23 2
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