Madoc Real Estate Statistics

Madoc Real Estate Price Trend
Madoc real estate average sold price in the last 30 days (June 2 - July 1) was $787,500, which is $47,517 (6.0 %) higher than the average price of $739,983 in the previous 30 day period (May 3 - June 1), and $191,919 (24.4 %) up from the same period 1 year ago ($595,581). Madoc real estate prices over the last 30 days are also $246,078 (31.2 %) higher than the average selling price of $541,422 over the past year.
Madoc average sold price for homes was $787,500 in the last 30 days (June 2 - July 1), which is $47,517 (6.0 %) up from the average home price of $739,983 in the previous 30 day period (May 3 - June 1), and $191,919 (24.4 %) higher than the same period 1 year ago ($595,581). In the last 30 days Madoc the average home price was $246,078 (31.2 %) higher than the average selling price of $541,422 over the last 12 months.
Sold Price Above/Below Asking ($)
Average selling price for Madoc real estate was $787,500 in the last 30 days (June 2 - July 1), which is collectively $4,702 (1.1 %) higher than the average asking price of $424,500. This represents a decline of $25,314 (84.3 %) compared to $30,016 (4.3 %) Sold-Over-Asking price from the previous 30 day period (May 3 - June 1).
The maximum Sold Over/Under Asking ratio in Madoc during the last 12 months was recorded in January, 2022 with an average of $107,000 over the asking price, while the minimum occurring in July, 2021 with $22,200 below the asking price.
Sales to New Listings Ratio
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 300.0 % with 6 properties sold and 7 new properties listed in the past 30 days (June 2 - July 1). This represents an increase from 85.7 % recorded during the previous 30 day period (May 3 - June 1), and an increase from 166.7 % compared to the same period one year ago.
Over the the last year the highest SNLR in Madoc was 400.0 % recorded in July and the lowest was in October at 0.0 %. 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.
Average Days on Market when Sold vs Delisted
The Average Days on the Market (DOM) for 6 properties that were successfully sold in Madoc in the last 30 days (June 2 - July 1) was 13 days, which is 3 days more than 10 days average in the previous 30 day period (May 3 - June 1) and 4 days longer than during the same period a year ago (9 days).
There were 3 delisted properties in Madoc, those that got either Expired, Suspended or Terminated over the last 30 days (June 2 - July 1) with an average of 32 days on the market. This is 3 days longer than the average of 29 days during the previous 30 day period (May 3 - June 1) and 6 days less compared to the same period last year average of 38 days on the market.
3 Madoc properties that didn't sell stayed on the market 146.2 % longer than 6 that sucessfully sold over the last 30 days - 13 days when sold vs 32 days when delisted respectively.
Average Days on the Market in Madoc over the past 12 months for properties that have sold was 37.3 days, with 71.5 days for those properties that did not sell.
New Real Estate Listings vs Sold/Delisted
2 new properties were listed on the market in Madoc in the last 30 days (June 2 - July 1). During the same time 6 properties were sold and 3 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 7 properties (or 350.0 %).
During the previous 30 day period (May 3 - June 1) there were 7 new properties listed, 6 sold and 2 properties that did not sell and were removed from the market.
Over the past year the busiest month for new listings was April with 7 new properties listed, the slowest - October with 0 new listings and a yearly average of 3 new listings per month.
New Real Estate Listings by Property Type
There were a total of 2 homes listed during the last 30 days (June 2 - July 1), which is 100.0 % of all properties listed in Madoc. This is a 66.7 % decline compared with a previous 30 day period (May 3 - June 1) and 33.3 % down from the same period a year ago. Over the past year an average of 2 homes are were listed per month.
Real Estate Sales by Property Type
There were a total of 6 homes sold during the last 30 days (June 2 - July 1), which is 100.0 % of all properties sold in Madoc. This is a 0.0 % decline compared with a previous 30 day period (May 3 - June 1) and 20.0 % up from the same period a year ago. Over the past year an average of 4 homes are were sold per month.
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