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Madison, Alabama Real Estate Trends And Opportunities

Real Estate Market Trends

Are you thinking about buying a home in Madison, Alabama? Located in Madison County in the northern portion of the state, Madison has a population over 42,000 people, a rich history, and numerous real estate developments. As a large community, there are often high-quality homes for sale throughout this city. You will find a wide selection of home types, various price ranges, and ample availability throughout the city’s numerous neighborhoods. What should you know before you consider purchasing a home in Madison?

Madison By the Numbers

As of December 2015, Madison had 958 homes for sale including both new construction properties and existing homes. There are some homes in pre-foreclosure and foreclosure, which can provide some home buyers with the opportunity to find an affordable property. In addition to this, home values here are remaining quite level, giving people the opportunity to buy an affordable home and to watch the value increase over time. The average listing price for a home in Madison sits at $244,184 as of December. This is a drop by one percent from the previous week.

What types of homes are available in Madison? The city offers a number of different styles of homes to fit most needs. Large homes on spacious lots are available, as are properties that have a more rural or remote feel. On the other hand, much of the city is made up of smaller neighborhoods with sidewalks and a walkable design. Three bedroom, two bathroom homes are quite typical here. Additionally, luxury homes in Madison, Alabama are extensively available as well. This includes several areas of new construction. These customized, mansion-like properties can provide some of the best amenities locally.

For those looking to purchase a home in Madison,  it is important to work with a qualified real estate agent. Our agents know the various areas and neighborhoods of the city well and can help you find the ideal property for your specific needs. Give us a call today at 256-799-9000!

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