Madoc Real Estate Statistics

Madoc real estate average sold price in the last 30 days (March 27 - April 25) was $431,875, which is $13,541 (3.1%) lower than the average price of $445,416 in the previous 30 day period (February 26 - March 26), and $115,525 (26.7%) down from the same period 1 year ago ($547,400). Madoc real estate prices over the last 30 days are also $36,183 (8.4%) lower than the average selling price of $468,058 over the past year.

Madoc average sold price for homes was $431,875 in the last 30 days (March 27 - April 25), which is $13,541 (3.1%) down from the average home price of $445,416 in the previous 30 day period (February 26 - March 26), and $134,375 (31.1%) lower than the same period 1 year ago ($566,250). In the last 30 days Madoc the average home price was $38,143 (8.8%) lower than the average selling price of $470,018 over the last 12 months.

Average selling price for Madoc real estate was $431,875 in the last 30 days (March 27 - April 25), which is collectively $1,237 (0.2%) lower than the average asking price of $641,443. This represents an increase of $21,571 (94.6%) compared to $22,808 (3.5%) Sold-Under-Asking price from the previous 30 day period (February 26 - March 26).

The maximum Sold Over/Under Asking ratio in Madoc during the last 12 months was recorded in October, 2023 with an average of $1,137 under the asking price, while the minimum occurring in May, 2023 with $27,000 below the asking price.

Sales to New Listings Ratio (SNLR) represents the number of sales in relation to new inventory listed over a period of time. SNLR for all property types in Madoc was 50.0% with 8 properties sold and 11 new properties listed in the past 30 days (March 27 - April 25). This represents a decrease from 109.1% recorded during the previous 30 day period (February 26 - March 26), and a decrease from 250.0% compared to the same period one year ago.

Over the the last year the highest SNLR in Madoc was 18,450.0% recorded in July and the lowest was in January at 16.7%. SNLR of under 40% generally represents the Buyers' Market, while 60% and above - the Sellers' Market, with 40% to 60% range signaling a balanced market.

The Average Days on the Market (DOM) for 8 properties that were successfully sold in Madoc in the last 30 days (March 27 - April 25) was 88 days, which is 19 days more than 69 days average in the previous 30 day period (February 26 - March 26) and 54 days longer than during the same period a year ago (34 days).

There were 9 delisted properties in Madoc, those that got either Expired, Suspended or Terminated over the last 30 days (March 27 - April 25) with an average of 98 days on the market. This is 40 days shorter than the average of 138 days during the previous 30 day period (February 26 - March 26) and 41 days more compared to the same period last year average of 57 days on the market.

9 Madoc properties that didn't sell stayed on the market 11.4% longer than 8 that sucessfully sold over the last 30 days - 88 days when sold vs 98 days when delisted respectively.

Average Days on the Market in Madoc over the past 12 months for properties that have sold was 38.9 days, with 105.5 days for those properties that did not sell.

16 new properties were listed on the market in Madoc in the last 30 days (March 27 - April 25). During the same time 8 properties were sold and 9 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 1 properties (or 6.2%).

During the previous 30 day period (February 26 - March 26) there were 11 new properties listed, 12 sold and 5 properties that did not sell and were removed from the market.

Over the past year the busiest month for new listings was October with 17 new properties listed, the slowest - December with 2 new listings and a yearly average of 8 new listings per month.

There were a total of 15 homes listed during the last 30 days (March 27 - April 25), which is 93.8% of all properties listed in Madoc. This is a 36.4% increase compared with a previous 30 day period (February 26 - March 26) and 650.0% up from the same period a year ago. Over the past year an average of 8 homes are were listed per month.

There were a total of 8 homes sold during the last 30 days (March 27 - April 25), which is 100.0% of all properties sold in Madoc. This is a 33.3% decline compared with a previous 30 day period (February 26 - March 26) and 100.0% up from the same period a year ago. Over the past year an average of 114 homes are were sold per month.