Is Madison, IN 47250 a buyer’s or seller’s market?

The Madison housing market right now

In the three months ending August 31, 2026, 6% of homes in Madison, IN 47250 sold above their list price, the typical home went under contract in 84 days and there were 4.1 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 65 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (8% then), homes sold more slowly (56 days then) and the median sale price rose 8% to $293,873. Overall, Madison is less competitive than a year ago, which gives buyers more room.

Within Jefferson County, homes here sell more slowly than in 75% of the county’s ZIP codes, and sell more often over asking than in 50%. On our competition score, Madison ranks #303 of 306 IN ZIP codes with enough sales (score 14 out of 100).

Nearby, buyers who want less competition could look at Dupont 47231 (0% sold over asking) or Deputy 47230 (0% sold over asking), while Hanover 47243 (14% sold over asking) and Lexington 47138 (9% sold over asking) are even more competitive.