Madison, NH Real Estate Market Recap – 2024
The 2024 real estate market in Madison, NH saw steady activity, with 53 homes sold over the course of the year. From affordable homes to high-end properties, buyers showed strong interest across various price points, particularly in the Eidelweiss neighborhood.
Home Prices & Market Trends
Throughout the year, home prices in Madison reflected a diverse range:
- Average Sold Price: $523,449
- Median Sold Price: $399,000
- Median Days on Market: 12
- Lowest Sale Price: $165,000
- Highest Sale Price: $1,849,000
With a median days-on-market of just 12 days, well-priced homes continued to sell quickly. Buyers were willing to move fast, especially in competitive price ranges.
Buying Trends: Cash vs. Financing
A significant number of homes were purchased with cash in 2024, highlighting the presence of both investors and buyers looking to avoid mortgage-related delays.
- 25 of the 53 sales closed with cash
Eidelweiss is popular!
- 28 of the 53 homes sold were located in Eidelweiss, reaffirming its popularity among buyers
Eidelweiss, known for its scenic setting and access to ponds, remained a top choice for both primary homeowners and those seeking a vacation retreat.
What Buyers Purchased
Breaking down home sales by bedroom count offers insight into buyer demand:
- 1-Bedroom Homes: 1 sold
- 2-Bedroom Homes: 12 sold
- 3-Bedroom Homes: 31 sold
- 4+ Bedroom Homes: 9 sold
Three-bedroom homes remained the most in-demand, making up nearly 60% of total sales. These properties offered buyers the ideal balance of space, affordability, and functionality, making them a top choice in the market.
Key Takeaways from 2024
- Well-priced homes sold quickly, with a median of just 12 days on the market
- Cash buyers played a major role, closing nearly half of all transactions
- Eidelweiss remained the most active neighborhood, accounting for over half of all sales
- 3-bedroom homes dominated the market, showing strong demand for mid-sized properties
Looking Ahead
As the Madison real estate market moves into 2025, trends from 2024 highlight a competitive yet diverse market. With steady demand, quick sales, and strong buyer interest in Eidelweiss, Madison remains an attractive place for both homebuyers and sellers.
Thinking about buying or selling in 2025? Let’s connect!