Madison Heights Real Estate Market
The median sale price for homes in Madison Heights over the last 12 months is $68,542.
The median mortgage debt is $145,976.
The price per square foot for listings in this area is $51.
The median sale price in December for single family homes is $74,716. The sale prices increased by 14.94% from the previous month.
The number of active listings in Madison Heights dropped by 5.4% from the previous month.
The median number of days active properties have been listed is 54. This is significantly shorter than the national average.
The number of sales in December dropped by 37.9% from the previous month.
This chart shows home occupancy within an area.
A high percentage of ownership can indicate an area where people like to live and stable property prices. While a high percentage of rentals could indicate an area with shifting demographics, a younger community, or possibly a downtown area.
High vacancy rates can indicate that the market is unhealthy and that it could be tough to sell a home in this area.
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