OfferBackedBuyer Tools

Is Madison, FL 32340 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Madison is a buyer’s market. With about 9 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply9Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list96.9%Sold price ÷ list price
Median days on market61Listing to accepted offer
Median price per sq ft$127▲ +9.2% vs. last year

The Madison housing market right now

In the three months ending August 31, 2026, 0% of homes in Madison, FL 32340 sold above their list price, the typical home went under contract in 61 days and there were 9 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 11 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (46 days then) and the median sale price fell 43% to $154,933. Overall, Madison is less competitive than a year ago, which gives buyers more room.

Run the numbers for 32340

Prefilled for 32340Can I win this house?Multiple-offer likelihood for a listing Prefilled for 32340Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Greenville 32331Buyer’s market $299 /sq ftLee 32059Buyer’s market $138 /sq ftPinetta 32350Seller’s market $172 /sq ft Browse all markets →

Towns like Madison nearby

Find towns like Madison in other states →
Quitman, GA31643 · 23 miles away79% similarcheaper homes ($25K less) · 11 min shorter commute Jasper, FL32052 · 28 miles away78% similar6 min shorter commute · more homeowners Jennings, FL32053 · 17 miles away76% similarcheaper homes ($30K less) · smaller Mayo, FL32066 · 34 miles away71% similarpricier homes ($35K more)

Where Madison is

Loading map…

Questions about Madison real estate

Is Madison a buyer’s or seller’s market?

A buyer’s market: there were 9 months of supply in Madison, FL 32340 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 61 days in the latest three months.

Do homes in Madison sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 96.9% of the list price.

What are property taxes in Madison?

About 0.83% of a home’s value a year in Madison County, or roughly $3,320 on a $400,000 home.

What is the median home price in Madison?

The median sale price was $154,933 in the three months ending August 31, 2026, about $127 per square foot.

Local agents

See all agents in 32340 →

No sponsored agents in 32340 yet. Are you an agent here? Put your name in front of local buyers.

Save this ZIP (free account)

More tools for 32340

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 Madison County property taxesMadison County loan limitsClosing costs in FloridaHottest ZIP codes in Florida
Add this to your website

Free to use. Paste this code where you want the live widget to appear. It updates automatically. More widgets

Sizes itself to fit. If your site builder removes scripts, use “iframe only”.

Preview

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