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Is Madison, KS 66860 a buyer’s or seller’s market?

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

Madison is a seller’s market. With about 2.4 months of supply and 0% 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.

Months of supply2.4Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list—Sold price ÷ list price
Median days on market57Listing to accepted offer
Median price per sq ft$65▼ −3.3% vs. last year

The Madison housing market right now

In the three months ending August 31, 2026, 0% of homes in Madison, KS 66860 sold above their list price, the typical home went under contract in 57 days and there were 2.4 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 4 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (5 days then) and the median sale price fell 56% to $79,915. Overall, Madison is less competitive than a year ago, which gives buyers more room.

Within Greenwood County, homes here sell faster than in 75% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.

Run the numbers for 66860

Prefilled for 66860Can I win this house?Multiple-offer likelihood for a listing Prefilled for 66860Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Eureka 67045Balanced $80 /sq ftFall River 67047Buyer’s market $98 /sq ftNeal 66863 — /sq ftSevery 67137Seller’s market $58 /sq ft Browse all markets →

Towns like Madison nearby

Find towns like Madison in other states →
Cottonwood Falls, KS66845 · 28 miles away85% similarVery close on income, prices and more Eureka, KS67045 · 23 miles away80% similarpricier homes ($34K more) · larger Yates Center, KS66783 · 27 miles away80% similarlarger · older residents Waverly, KS66871 · 33 miles away62% similarpricier homes ($69K more) · older residents

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 2.4 months of supply in Madison, KS 66860 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 57 days in the latest three months.

Do homes in Madison sell over asking?

0% of homes sold above their original list price.

What are property taxes in Madison?

About 1.52% of a home’s value a year in Greenwood County, or roughly $6,080 on a $400,000 home.

What is the median home price in Madison?

The median sale price was $79,915 in the three months ending August 31, 2026, about $65 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