Is Madison, VA 22727 a buyer’s or seller’s market?
Madison is a seller’s market. With about 3.6 months of supply and 31% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 41% of U.S. ZIP codes, and #284 of 358 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
The Madison housing market right now
In the three months ending August 31, 2026, 31% of homes in Madison, VA 22727 sold above their list price, the typical home went under contract in 53 days and there were 3.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 16 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 28%, homes sold more slowly (36 days then) and the median sale price fell 5% to $393,580. Overall, Madison is about as competitive as it was a year ago.
Within Madison County, homes here sell faster than in 55% of the county’s ZIP codes, and sell more often over asking than in 91%. On our competition score, Madison ranks #284 of 358 VA ZIP codes with enough sales (score 42 out of 100).
Nearby, buyers who want less competition could look at Locust Dale 22948 (0% sold over asking) or Rochelle 22738 (0% sold over asking), while Reva 22735 (57% sold over asking) is even more competitive.
Run the numbers for 22727
Nearby markets
Aroda 22709Seller’s market $220 /sq ftBanco 22711Seller’s market $497 /sq ftBrightwood 22715Seller’s market $210 /sq ftEtlan 22719Seller’s market $389 /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 seller’s market: there were 3.6 months of supply in Madison, VA 22727 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 53 days in the latest three months.
Do homes in Madison sell over asking?
31% of homes sold above their original list price, and the typical sale closed at 96.4% of the list price.
What are property taxes in Madison?
About 0.53% of a home’s value a year in Madison County, or roughly $2,120 on a $400,000 home.
What is the median home price in Madison?
The median sale price was $393,580 in the three months ending August 31, 2026, about $228 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