Why Live in Madison Area
Madison Area, located just two miles from downtown Grand Rapids, is becoming a sought-after neighborhood, particularly among first-time home buyers. This area offers the benefits of nearby neighborhoods but with more affordable housing options. Home styles include American Foursquare and Craftsman bungalows built between 1890 and 1925, many of which have been renovated, though some fixer-uppers remain. Homes range from 1,000 to 2,000 square feet and are set on narrow lots with grassy front lawns and mature trees. Local parks provide plenty of things to do, with Campau Park featuring a playground and basketball court, Pleasant Park offering a splash pad, and Martin Luther King Park equipped with a swimming pool, tennis courts, and a baseball field. Wealthy Street is a highlight for dining, with popular spots like Wealthy Street Bakery, Donkey Taqueria, and Speciation Cellars. Grocery shopping is convenient with Great Giant Supermarket and the Grand Rapids Downtown Market nearby. Commuting downtown is straightforward via Division Street, and Gerald R. Ford International Airport is less than 10 miles away.
Home Trends in Madison Area, MI
On average, homes in Madison Area, Grand Rapids sell after 38 days on the market compared to the national average of 70 days. The median sale price for homes in Madison Area, Grand Rapids over the last 12 months is $125,000, down 57% from the median home sale price over the previous 12 months.
Median Sale Price
$125,000
Median Single Family Sale Price
$369,950
Median 1 Bedroom Sale Price
$125,000
Average Price Per Sq Ft
$237
Number of Homes for Sale
2
Last 12 months Home Sales
10
Median List Price
$299,000
Median Change From 1st List Price
14%
Median Home Sale Price YoY Change
-57%