Is Madison a buyer's or seller's market right now?

Madison is currently a seller's market with 1 months of supply. 52.9% of homes sell above asking price, and 43.8% go pending within two weeks. The Ridley Sell Score for Madison is 64/100 (Moderate), based on 7 real-time market signals including inventory, pricing trends, and buyer demand.

What's the median home price in Madison?

The median home price in Madison is $700,000, down 30% year-over-year. The median price per square foot is $451. Homes sell in a median of 36 days with a sale-to-list ratio of 101.6%.

How much does it cost to sell a home in Madison, New Jersey?

On a $700,000 home in Madison, a traditional listing agent charges around $21,000 (3% commission). Add buyer agent commission (3%), closing costs (1–2%), and you could spend $56,000 or more. With Ridley Essentials ($999) you save $20,001, and with Ridley Pro ($3,499) you save $17,501 while getting full agent support.

How does Ridley's flat fee compare to a traditional Madison agent?

A traditional Madison listing agent typically charges 3% of the sale price — about $21,000 on a $700,000 home. Ridley offers two flat-fee plans: Essentials ($999) with MLS listing, marketing tools, and self-service support, or Pro ($3,499) with a dedicated licensed agent. That saves you $20,001–$17,501 compared to a traditional agent.

How long does it take to sell a home in Madison?

The median home in Madison currently spends 36 days on the market before going under contract. 43.8% of homes go pending within two weeks. At a 101.6% sale-to-list ratio, sellers are getting very close to or above asking price. Only 29.4% of listings see a price drop, suggesting sellers can hold firm on pricing.

Do I need a real estate agent to sell in New Jersey?

No. New Jersey does not require you to use a real estate agent to sell your home. You can sell independently (FSBO) or use a flat-fee service like Ridley that gives you MLS access, professional tools, and expert support at a fraction of the traditional commission. On a $700,000 home, that could save you up to $17,501.

What's included with Ridley Essentials and Pro?

Ridley offers two plans in New Jersey. Essentials ($999) includes MLS listing distribution, professional listing tools, marketing materials, and self-service support. Pro ($3,499) includes everything in Essentials plus a dedicated licensed agent partner, expert pricing consultation, offer review and negotiation support, contract and deadline management, and full closing coordination. Both save significantly vs. the traditional $21,000 commission.

National/New Jersey

Madison, NJ

Is Now a Good Time to Sell in Madison, New Jersey?

The median home in Madison sells for $700,000 with prices down 30% year-over-year. The average seller pays $21,000 in commissions — Ridley’s flat fee saves you $17,501.

Madison Real Estate Market Conditions — March 2026

64out of 100

Ridley Sell Score

How it's scored →

Moderate

64/100

A balanced market with opportunities for well-priced homes.

What this means for sellers

The Madison market is balanced — neither strongly favoring buyers nor sellers. Accurate pricing is key: overpriced homes will sit, but correctly priced listings are still moving. Focus on presentation and pricing strategy to stand out. Sellers who prepare well can still achieve strong results.

Inventory TightnessFavors sellers

1 months of supply — well below the 5-month balanced threshold — 69% below the New Jersey average of 3.2.

Price MomentumFavors buyers

Prices down 30% year-over-year — vs. +7% statewide.

Seller LeverageFavors sellers

Homes selling at 101.6% of asking — sellers are getting 1.6% above list on average. New Jersey average is 100.4%.

Bidding ActivityFavors sellers

52.9% of homes selling above list price — 25% above the New Jersey average of 42.4%.

Sale SpeedFavors sellers

36 median days on market — 31 days faster than the New Jersey average.

Market UrgencyFavors sellers

43.8% of listings go pending within 2 weeks — vs. 26.1% statewide.

Price StabilityFavors buyers

29.4% of listings have dropped their price — accurate initial pricing is critical. New Jersey average is 13.6%.

Score based on 7 real-time market signals. Updated with latest available data.

How it works →

Median Sale Price

The midpoint price of all homes sold in the past month. Half sold for more, half for less.

$700,000

-30%

Days on Market

How long the typical home sits on the market before going under contract. Lower is better for sellers.

Price per Sq Ft

Average cost per square foot of living space. Useful for comparing homes of different sizes.

$451

Sale-to-List Ratio

How close homes sell to their asking price. Above 100% means bidding wars; below means negotiation room.

101.6%

Months of Supply

How long it would take to sell all current listings at the current pace. Under 3 months favors sellers; over 6 favors buyers.

Seller’s market

Competitiveness

Overall market competition based on offers per listing, days on market, and sale-to-list ratio.

Somewhat Competitive

Sold Above List

Percentage of homes that sold for more than their list price.

52.9%

Strong demand

Price Drops

Percentage of active listings that had a price reduction.

29.4%

Pricing matters

Pending in 2 Weeks

Percentage of listings that went under contract within 14 days.

43.8%

Moderate pace

12-Month Price Trend

$715,000 → $700,000

▼2.1%

$1.2M$1.0M$800K

AprJunAugOctDecFebMar

Data updated March 2026

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Personalized pricing signals, demand shifts, and Sell Score changes for Madison — delivered monthly.

Your savings

How much can you save selling your home in Madison?

The average Madison homeowner saves $17,501 by selling with Ridley instead of paying the traditional 3% listing commission on a $700,000 home.

$0Estimated savings

That's a dream family vacation — save 2.5% of your home value

Your Madison home value

$700,000

$50,000$10M

Traditional Agent (3%)

$21,000

Ridley Pro (flat fee)

$3,499

Ready to sell in Madison?

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Cost comparison

How much does it cost to sell a house in Madison?

The total cost to sell a house in Madison in 2026 ranges from $999 with Ridley Essentials to approximately $21,000 with a traditional 3% commission on a $700,000 home.

	Traditional Agent	Best valueRidley Pro	Ridley Essentials	FSBO
Listing fee	$21,000	$3,499	$999	$0
Buyer agent	$19,6002.8% avg	$14,000~2% avg	$14,000~2% avg	$19,6002.8% avg
Closing costs (~1.5%)	$10,500	$10,500	$10,500	$10,500
Total cost	$51,100	$27,999	$25,499	$30,100
Net proceeds	$648,900	$672,001	$674,501	$669,900
You save	—	$17,501	$20,001	$21,000No support