Madoc Real Estate Statistics

Madoc real estate average sold price in the last 30 days (January 21 - February 19) was $605,000, which is $103,299 (17.1%) lower than the average price of $708,299 in the previous 30 day period (December 22 - January 20), and $145,000 (24.0%) up from the same period 1 year ago ($460,000). Madoc real estate prices over the last 30 days are also $87,045 (14.4%) higher than the average selling price of $517,955 over the past year.

Madoc average sold price for homes was $605,000 in the last 30 days (January 21 - February 19), which is $103,299 (17.1%) down from the average home price of $708,299 in the previous 30 day period (December 22 - January 20), and $145,000 (24.0%) higher than the same period 1 year ago ($460,000). In the last 30 days Madoc the average home price was $78,269 (12.9%) higher than the average selling price of $526,731 over the last 12 months.

Average selling price for Madoc real estate was $605,000 in the last 30 days (January 21 - February 19), which is collectively $6,000 (1.0%) higher than the average asking price of $613,233. This represents an increase of $72,633 (109.0%) compared to $66,633 (9.5%) Sold-Under-Asking price from the previous 30 day period (December 22 - January 20).

The maximum Sold Over/Under Asking ratio in Madoc during the last 12 months was recorded in November, 2024 with an average of $50 over the asking price, while the minimum occurring in May, 2024 with $23,498 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 16.7% with 1 properties sold and 10 new properties listed in the past 30 days (January 21 - February 19). This represents a decrease from 30.0% recorded during the previous 30 day period (December 22 - January 20), and a decrease from 25.0% compared to the same period one year ago.

Over the the last year the highest SNLR in Madoc was 200.0% recorded in December and the lowest was in June at 23.5%. 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 1 properties that were successfully sold in Madoc in the last 30 days (January 21 - February 19) was 124 days, which is 67 days more than 57 days average in the previous 30 day period (December 22 - January 20) and 76 days longer than during the same period a year ago (48 days).

There were 3 delisted properties in Madoc, those that got either Expired, Suspended or Terminated over the last 30 days (January 21 - February 19) with an average of 59 days on the market. This is 60 days shorter than the average of 119 days during the previous 30 day period (December 22 - January 20) and 38 days less compared to the same period last year average of 97 days on the market.

3 Madoc properties that didn't sell stayed on the market 52.4% longer than 1 that sucessfully sold over the last 30 days - 124 days when sold vs 59 days when delisted respectively.

Average Days on the Market in Madoc over the past 12 months for properties that have sold was 44.0 days, with 105.3 days for those properties that did not sell.

6 new properties were listed on the market in Madoc in the last 30 days (January 21 - February 19). During the same time 1 properties were sold and 3 listings were removed from the market (Expired, Suspended or Terminated), which represents an increase in total inventory by 2 properties (or 33.3%).

During the previous 30 day period (December 22 - January 20) there were 10 new properties listed, 3 sold and 8 properties that did not sell and were removed from the market.

Over the past year the busiest month for new listings was June with 17 new properties listed, the slowest - December with 2 new listings and a yearly average of 12 new listings per month.

There were a total of 6 homes listed during the last 30 days (January 21 - February 19), which is 100.0% of all properties listed in Madoc. This is a 40.0% decline compared with a previous 30 day period (December 22 - January 20) and 50.0% down from the same period a year ago. Over the past year an average of 12 homes are were listed per month.

There were a total of 1 homes sold during the last 30 days (January 21 - February 19), which is 100.0% of all properties sold in Madoc. This is a 66.7% decline compared with a previous 30 day period (December 22 - January 20) and 66.7% down from the same period a year ago. Over the past year an average of 6 homes are were sold per month.