Madison, IN metro area Housing Market

Cool Market

Comprehensive housing market data for the Madison, IN metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.

Data period: January 2026

Median Sale Price

$240K

10.1% YoY

Days on Market

46 days

142.1% YoY

Active Inventory

86

50.9% YoY

Homes Sold

18

5.9% YoY

Cool Market

Buyer activity is slowing, creating more negotiating room.

Madison, IN metro area Market Summary

The Madison, IN metro area housing market is cooling down. As of January 2026, the median home sale price is $240K, down 10.1% year-over-year. Homes are spending a median of 46 days on the market, 142.1% longer than a year ago.

There are 86 homes for sale — 50.9% more than last year. With 4.8 months of supply, this is a balanced market. 31 new listings were added during this period, up 47.6% year-over-year.

Homes are selling for 96.3% of their list price on average, suggesting room for negotiation. 27.8% of homes sell above their asking price. 19.8% of listings have had a price drop.

Market Opportunity Score

Based on current market conditions

81

Contributing Factors

Months of Supply 4.8
Days on Market 46
Price Drops 19.8%
Sale-to-List Ratio 96.3%
Market Temperature Cool

How This Market Compares

vs. National Median

Median Price (National: $423K) 43.3%
Days on Market (National: 66) 30.3%
Inventory (National: 1,210,379) 100.0%

vs. Indiana Median

Median Price (Indiana: $255K) 5.8%
Days on Market (Indiana: 54) 14.8%

Investor Takeaway

The cooling market may present buying opportunities with less competition and more negotiating leverage. Prices are 43% below the national median, which could indicate stronger cash flow potential.

Madison, IN metro area Market Trends

Median Sale Price

Median Days on Market

Active Inventory

Homes Sold

Price per Square Foot

Sale-to-List Ratio

New Listings

Listings with Price Drops

Detailed Market Metrics

Median List Price

$275K

Price per Sq Ft

$145

Sale-to-List Ratio

96.3%

Months of Supply

4.8

Sold Above List

27.8%

Price Drops

19.8%

New Listings

31

47.6% YoY

Pending Sales

16

Off Market in 2 Weeks

0.0%

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Housing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.