Madison Boro Market Report

$1,050,662

AVERAGE PRICE OF 53 HOMES

$1,541,875

AVERAGE PRICE OF 24 MULTI-MILLION DOLLAR HOMES

$1,155,175

AVERAGE PRICE OF 8 HOMES WITH A POOL

$474,949

AVERAGE PRICE OF 2 REDUCED PRICE HOMES

Average Home

Average Price $1,050,662
Avg Bedrooms 4.3 beds
Avg Bathrooms 3.94 baths

Average Price by Bedrooms

2 bedrooms $599,725
3 bedrooms $585,092
4 bedrooms $931,408
5 bedrooms $1,377,286
Madison Boro Home Price Trends
  4/2020 3/2020 2/2020 1/2020 12/2019
Total Listings 40 48 40 12 9
Average Price $975,952 $1,001,701 $1,066,294 $1,825,990 $1,771,328
Avg Price Change -2.64% -6.45% -71.25% +3.09% +14.36%
Median Price $758,189 $794,281 $860,043 $1,874,155 $2,088,333
Med Price Change -4.76% -8.28% -117.91% -11.43% +55.78%
Avg Bedrooms 4.22 beds 4.19 beds 4.17 beds 4.64 beds 4.43 beds
Avg Bathrooms 3.68 baths 3.72 baths 3.79 baths 5.19 baths 5.05 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Madison 49 $1,076,331 53 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 53 $1,050,662 58 days
Multi-Million Dollar Homes 24 $1,541,875 67 days
Homes with a Pool 8 $1,155,175 41 days
Reduced Price Homes 2 $474,949 70 days
Xperience Real Estate Team | Keller Williams Realty
55 Madison Ave, Ste. 120
Morristown, NJ 07960

Information is provided exclusively for consumers’ personal use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS. The data displayed relating to real estate for sale comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright © 2020 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings displayed herein does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.