Is Madison, MO 65263 a buyer’s or seller’s market?
Madison is a seller’s market. With about 2.1 months of supply and 33% 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.
The Madison housing market right now
In the three months ending August 31, 2026, 33% of homes in Madison, MO 65263 sold above their list price, the typical home went under contract in 6 days and there were 2.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 3 sales, 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 0%, homes sold faster (44 days then) and the median sale price rose 64% to $149,935. Overall, Madison is more competitive than a year ago, so tougher for buyers.
Nearby, buyers who want less competition could look at Stoutsville 65283 (0% sold over asking) or Paris 65275 (0% sold over asking).
Run the numbers for 65263
Nearby markets
Holliday 65258 — /sq ftHunnewell 63443Seller’s market $260 /sq ftParis 65275Balanced $90 /sq ftSanta Fe 65282 — /sq ft Browse all markets →Towns like Madison nearby
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Questions about Madison real estate
Is Madison a buyer’s or seller’s market?
A seller’s market: there were 2.1 months of supply in Madison, MO 65263 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 6 days in the latest three months.
Do homes in Madison sell over asking?
33% of homes sold above their original list price, and the typical sale closed at 101.0% of the list price.
What are property taxes in Madison?
About 0.80% of a home’s value a year in Monroe County, or roughly $3,200 on a $400,000 home.
What is the median home price in Madison?
The median sale price was $149,935 in the three months ending August 31, 2026, about $125 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