Is Madison, NE 68748 a buyer’s or seller’s market?
Madison is a seller’s market. With about 3.2 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.
The Madison housing market right now
In the three months ending August 31, 2026, 0% of homes in Madison, NE 68748 sold above their list price, the typical home went under contract in 84 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 2 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 (57 days then) and the median sale price rose 4% to $160,581. Overall, Madison is less competitive than a year ago, which gives buyers more room.
Within Madison County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county.
Nearby, Battle Creek 68715 (20% sold over asking) and Norfolk 68701 (12% sold over asking) are even more competitive.
Run the numbers for 68748
Nearby markets
Battle Creek 68715Seller’s market $123 /sq ftMeadow Grove 68752Seller’s market $149 /sq ftNewman Grove 68758Seller’s market $101 /sq ftNorfolk 68701Seller’s market $137 /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 3.2 months of supply in Madison, NE 68748 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 84 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 100.0% of the list price.
What are property taxes in Madison?
About 1.37% of a home’s value a year in Madison County, or roughly $5,480 on a $400,000 home.
What is the median home price in Madison?
The median sale price was $160,581 in the three months ending August 31, 2026, about $68 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