Is Madison, ME 04950 a buyer’s or seller’s market?
Madison is a balanced market. With about 5.3 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
More competitive than 33% of U.S. ZIP codes, and #79 of 103 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 July 31, 2026. See the breakdown
The Madison housing market right now
In the three months ending August 31, 2026, 21% of homes in Madison, ME 04950 sold above their list price, the typical home went under contract in 51 days and there were 5.3 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 14 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 13%, homes sold faster (64 days then) and the median sale price rose 16% to $244,344. Overall, Madison is more competitive than a year ago, so tougher for buyers.
Within Somerset County, homes here sell more slowly than in 52% of the county’s ZIP codes, and sell more often over asking than in 71%.
Nearby, buyers who want less competition could look at Solon 04979 (0% sold over asking) or Shawmut 04975 (0% sold over asking), while Athens 04912 (75% sold over asking) and Saint Albans 04971 (43% sold over asking) are even more competitive.
Run the numbers for 04950
Nearby markets
Anson 04911Balanced $211 /sq ftAthens 04912Balanced $235 /sq ftBingham 04920Buyer’s market $138 /sq ftCambridge 04923Seller’s market $71 /sq ft Browse all markets →Towns like Madison nearby
Find towns like Madison in other states →Where Madison is
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Questions about Madison real estate
Is Madison a buyer’s or seller’s market?
A balanced market: there were 5.3 months of supply in Madison, ME 04950 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Madison?
The typical home went under contract in 51 days in the latest three months.
Do homes in Madison sell over asking?
21% of homes sold above their original list price, and the typical sale closed at 99.2% of the list price.
What are property taxes in Madison?
About 1.08% of a home’s value a year in Somerset County, or roughly $4,320 on a $400,000 home.
What is the median home price in Madison?
The median sale price was $244,344 in the three months ending August 31, 2026, about $197 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology