Is Madison, IN 47250 a buyer’s or seller’s market?

Balanced 3 months ending August 31, 2026 · Source: Redfin

Madison is a balanced market. With about 4.1 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Competition score14/ 100

More competitive than 7% of U.S. ZIP codes, and #303 of 306 in the state.

Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown

Months of supply4.1Under 4 months = seller’s market

Sold above original list6.3%Share of sales, last 3 months

Median sale-to-list95.5%Sold price ÷ list price

Median days on market84Listing to accepted offer

Median price per sq ft$163▼ −0.7% vs. last year

Run the numbers for 47250

Prefilled for 47250Can I win this house?Multiple-offer likelihood for a listing Prefilled for 47250Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Canaan 47224 — /sq ft Deputy 47230Buyer’s market $129 /sq ft Dupont 47231Seller’s market $111 /sq ft Hanover 47243Balanced $181 /sq ft Browse all markets →

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More tools for 47250

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology