Lemuel Allen Farm · Photo: Nyttend · Public domain219 homes sold in Madison Township in the last year, at a typical $257K
Redfin reports Madison Township’s sales by ZIP code, so these figures are for ZIP 47250, which takes in Madison Township and the area around it. 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 Township homes are listed.
Every place Madison Township 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 Township.
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.
Houses are 98% of Madison Township’s sales, at a typical $248K (year to May 2026)
219 homes sold in the year to September 2026.
typical sale · 228 sold in the year to May 2026
- Per square foot
- $156IN $148
- Days to sell
- 56
- Sold over asking
- 13%
Condos: 1 sold, typical $359K
Too few sales in 12 months for reliable figures.
About as many homes sell as usual, at 2.3 times the 2016 price
219 sales in the last year, against 329 in 2021 and a low of 184 in 2012. The typical sale went from $113K in 2016 to $257K.
Source: Redfin Data Center, MLS sales; for ZIP 47250, which takes in Madison Township and the area around it (each month is a 3-month rolling window, its counts divided by 3). Typical price and $/sq ft are the monthly medians, weighted by sales. Redfin stopped publishing towns’ figures by property type after May 2026, so houses and condos are shown for the year to then.
What $250K buys in Madison Township
Check a listing against what Madison Township 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 Township are back to pre-pandemic levels, with about as many homes for sale
We read every month of home sales in ZIP 47250 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 September 2026, 219 sales.
If you’re buying in Madison Township
- Shop in September. It brings about 26 new listings a month, close to the busiest month, with fewer bidding wars (9% over asking).
- Offer under asking. Buyers paid 95.4% of the list price on average; 11% paid over.
- You’ll usually have time. Only 8% of homes go under contract within two weeks; the typical one takes 66 days.
Summer brings both the most homes and the most bidding wars
June has the most new listings (about 27 a month), and the most competition: 13% close over asking. August and September offer nearly as much choice with fewer homes bid up (12%). September has the least competition (9%).
Averages for each calendar month, 2015 on.
Nearly as heated as 2021, and calmer than Indiana
| Madison Township now | 2017–19 | 2021 peak | IN now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 11% | 7% | 17% | 17% |
| Gone within two weeksShare of homes under contract within 14 days | 8% | 8% | 24% | 35% |
| Price paid vs. askingAverage sale price ÷ list price | 95.4% | 94.7% | 96.6% | 97.5% |
| Days to sellMedian days from listing to contract | 66 | 97 | 42 | 38 |
79 homes for sale on a typical day
That’s 1.8 times the 2022 low (44), about the 2017–19 level and well under 2014’s 124.
Source: Redfin Data Center, ZIP code tracker; for ZIP 47250, which takes in Madison Township and the area around it (each month is a 3-month rolling window, its counts divided by 3), January 2012 to September 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Madison Township home costs about $1,483 a month
Price: Madison Township’s typical sale, last 12 months. Property tax at Madison Township’s 0.7% (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 Township is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in June
The month with the most choice. January has the fewest, about 16.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $257K home, about $1,710 a year.
Taxes vs. neighborsSchools
The schools grade for Madison Township, from test results, graduation and how much students grow.
Schools in Madison TownshipTypical commute
The average one-way trip to work for people who live in Madison Township.
Work & commuteCheck 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.
Carrollton, Versailles, North Vernon and Austin sell for less a square foot
The busier markets within 25 miles of Madison Township, 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 | |
|---|---|---|---|---|---|
| Madison Township (ZIP 47250) | 219 | $257K | $153 | 11% | 66 |
| Madison | 152 | $265K | $149 | 12% | 75 |
| Scottsburg | 97 | $209K | $154 | 8% | 65 |
| Austin | 84 | $166K | $131 | 16% | 64 |
| North Vernon | 60 | $196K | $124 | 11% | 51 |
| Carrollton | 25 | $219K | $137 | 12% | 53 |
| Versailles | 23 | $200K | $144 | 10% | 31 |
Redfin Data Center, October 2025 to September 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Madison Township, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Madison Township. People who follow the town see it, and so do people comparing Madison Township with their own town. No commission, no listing fee.
Questions about buying a home in Madison Township
What do homes sell for in Madison Township, IN?
219 homes sold in the year to September 2026 at a typical $257K, $153 a square foot.
Is Madison Township a buyer’s or seller’s market?
A balanced market: 87 homes were for sale in September 2026 and 21 sold, about 4.1 months of supply. Buyers paid 95.4% of asking on average.
When is the best time to buy in Madison Township?
June brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Madison Township?
About 0.7% of a home’s value a year. On a $257K home that’s near $1,710.
Where can I see homes for sale in Madison Township?
Zillow, Redfin, Realtor.com and Homes.com all carry Madison Township’s MLS listings; the search links above open each one filtered to Madison Township.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted; for ZIP 47250, which takes in Madison Township and the area around it (each month is a 3-month rolling window, its counts divided by 3)). 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).