Photo: Republic of Selmaria · CC BY-SA 4.0844 homes sold in Madison in the last year, at a typical $455K
Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Madison homes are listed.
Every place Madison homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Madison.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
3% of Madison’s sales are condos, at $275K less than a house
759 houses and 25 condos sold in the year to May 2026. Houses sell faster.
typical sale · 759 sold in 12 months
- Per square foot
- $177AL $155
- Days to sell
- 63
- Sold over asking
- 16%
- Listings with a price cut
- 20%
typical sale · 25 sold in 12 months
- Per square foot
- $174AL $349
- Days to sell
- 109
- Sold over asking
- 16%
- Listings with a price cut
- 16%
Multi-family (2–4 units): 2 sold, typical $365K
Townhouses: 58 sold, typical $308K
Too few sales in 12 months for reliable figures.
Fewer homes sell than before 2021, at 1.8 times the 2016 price
844 sales in the last year, against 1,296 in 2020 and a low of 784 in 2023. The typical sale went from $256K in 2016 to $455K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $450K buys in Madison
Check a listing against what Madison homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Madison are rarer than before the pandemic, but 18% fewer homes come up for sale
We read every month of Madison’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 844 sales.
If you’re buying in Madison
- Shop in March. It brings about 102 new listings a month, close to the busiest month, with fewer bidding wars (31% over asking).
- You can negotiate. 20% of listings have cut their price, against 11% before the pandemic.
- Bid near asking. Buyers paid 98.6% of the list price on average; 15% paid over.
- You’ll usually have time. Only 30% of homes go under contract within two weeks; the typical one takes 64 days.
Spring brings the homes; summer brings the bidding wars
April has the most new listings (about 116 a month), but June is the most competitive: 36% of June sales close over asking. October has the least competition (25%).
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and about like Alabama as a whole
| Madison now | 2017–19 | 2021 peak | AL now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 15% | 29% | 55% | 17% |
| Gone within two weeksShare of homes under contract within 14 days | 30% | 17% | 62% | 26% |
| Listings with a price cutShare of homes for sale that cut their price | 20% | 11% | 5% | 23% |
| Price paid vs. askingAverage sale price ÷ list price | 98.6% | 99% | 102.4% | 97.4% |
| Days to sellMedian days from listing to contract | 64 | 77 | 34 | 66 |
269 homes for sale on a typical day
That’s 1.4 times the 2022 low (192), 18% fewer than in 2017–19 and well under 2016’s 378.
1 in 5 listings has cut its price
20% in the last year, against 11% in 2017–19 and 23% across Alabama. More sellers are pricing high and coming down.
Since 2019, houses are up 55%, condos 98%
A house typically sold for $476K in the last year (759 sales), a condo for $200K (25).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Madison ranks 72nd of 119 busy Alabama markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Madison is in the middle of the pack.
Source: Redfin Data Center, city market tracker, January 2012 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Madison home costs about $2,564 a month
Price: Madison’s typical sale, last 12 months. Property tax at Madison’s 0.5% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Madison is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in April
The month with the most choice. December has the fewest, about 66.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $455K home, about $2,280 a year.
Taxes vs. neighborsSchools
The schools grade for Madison, from test results, graduation and how much students grow.
Schools in MadisonCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Huntsville, Triana, Harvest, Athens, Priceville and Meridianville sell for less a square foot
The busier markets within 25 miles of Madison, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Huntsville | 3,422 | $337K | $167 | 15% | 63 |
| Madison | 844 | $455K | $176 | 15% | 64 |
| Athens | 706 | $312K | $158 | 15% | 101 |
| Meridianville | 344 | $345K | $152 | 15% | 119 |
| Harvest | 160 | $306K | $157 | 21% | 65 |
| Triana | 148 | $316K | $168 | 9% | 82 |
| Priceville | 55 | $324K | $163 | 5% | 81 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Madison, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Madison. People who follow the town see it, and so do people comparing Madison with their own town. No commission, no listing fee.
Questions about buying a home in Madison
What do homes sell for in Madison, AL?
844 homes sold in the year to May 2026 at a typical $455K, $176 a square foot. Houses sold for about $476K, condos for about $200K.
Is Madison a buyer’s or seller’s market?
A seller’s market: 315 homes were for sale in May 2026 and 99 sold, about 3.2 months of supply. Buyers paid 98.6% of asking on average, and 20% of listings cut their price.
When is the best time to buy in Madison?
April brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Madison?
About 0.5% of a home’s value a year. On a $455K home that’s near $2,280.
Where can I see homes for sale in Madison?
Zillow, Redfin, Realtor.com and Homes.com all carry Madison’s MLS listings; the search links above open each one filtered to Madison.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).