Is Madison, NY 13402 a buyer’s or seller’s market?
Madison is a buyer’s market. With about 6.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Madison housing market right now
In the three months ending August 31, 2026, 100% of homes in Madison, NY 13402 sold above their list price, the typical home went under contract in 187 days and there were 6.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 1 sale, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 25%, homes sold more slowly (41 days then) and the median sale price fell 9% to $174,924. Overall, Madison is more competitive than a year ago, so tougher for buyers.
Within Madison County, homes here sell more slowly than in any other ZIP code in the county, and sell more often over asking than in 88%.
Nearby, buyers who want less competition could look at West Edmeston 13485 (0% sold over asking) or Hamilton 13346 (17% sold over asking).
Run the numbers for 13402
Nearby markets
Bouckville 13310Buyer’s market $133 /sq ftBridgeport 13030Seller’s market $250 /sq ftCanastota 13032Seller’s market $153 /sq ftCazenovia 13035Seller’s market $208 /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 buyer’s market: there were 6.4 months of supply in Madison, NY 13402 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 187 days in the latest three months.
Do homes in Madison sell over asking?
100% of homes sold above their original list price, and the typical sale closed at 103.2% of the list price.
What are property taxes in Madison?
About 2.26% of a home’s value a year in Madison County, or roughly $9,040 on a $400,000 home.
What is the median home price in Madison?
The median sale price was $174,924 in the three months ending August 31, 2026, about $130 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