14

Madison, IN Homes for Sale under $200,000

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  • /6

    $40,000

    $5K PRICE DROP
    • Land
    • 4,356 Sq Ft
    • $400,000 per Acre

    801 Gerry Ln, Madison, IN 47250

    One bedroom, one bath, wood frame structure on the property. Assessor information shows 495 Sq ft. Property is inhabitable, but possibilities of a Pace Grant. Sold "As Is"

    Brenda Eversole Century 21 River Valley

    801 Gerry Ln, Madison, IN 47250
  • /2

    $90,000

    • Land
    • 10,890 Sq Ft
    • $360,000 per Acre

    606 Green Rd, Madison, IN 47250

    High traffic, commercial location on Madison's hilltop. All city utilities available. Zoned General Business. One parcel.

    Scott Lynch F.C. Tucker/Scott Lynch Group

    606 Green Rd, Madison, IN 47250
  • /22

    $105,000

    • Land
    • 3.97 Acres
    • $26,460 per Acre

    191 E County Road 800 S, Madison, IN 47250

    Bring your building plans, much of the groundwork is already done! This 3.9-acre property features a poured walkout foundation already in place with rough-ins and egress windows, giving you a valuable head start on your future home. City water is onsite, electric is available at the road, and a septic system has already been installed. The acreage offers a great mix of open ground and mature

    Olivia Welch Woolum Real Estate

    191 E County Road 800 S, Madison, IN 47250
  • /3

    $127,000

    • Land
    • 6,534 Sq Ft
    • $846,667 per Acre

    887 Vine St, Madison, IN 47250

    Rare opportunity to own an extra-large residential lot in downtown Madison! Tucked away on a quiet dead-end street with only four neighboring homes, this private setting offers a unique blend of seclusion and convenience. Mature trees provide abundant shade and natural beauty, while a small creek along the rear of the property adds to its charm. The lot is approved for a manufactured home, making

    Scott Lynch F.C. Tucker/Scott Lynch Group

    887 Vine St, Madison, IN 47250
  • /5

    $54,900

    • Land
    • 2.3 Acres
    • $23,870 per Acre

    5187 W 700 N, Madison, IN 47250

    2.3 acre buildable lot in a peaceful country setting featuring a half-acre pond and a 40X42 pole barn. The house had major fire damage and will need to be demolished. The buyer will be responsible for clean-up and removal of all fire-damaged debris. Property is being sold as is, with no warranties expressed or implied.

    Beth Terry Coldwell Banker-Martin, Miller

    5187 W 700 N, Madison, IN 47250
  • /19

    $179,000

    $18K PRICE DROP
    • 2 Beds
    • 1 Bath
    • 864 Sq Ft

    2510 Franks Dr, Madison, IN 47250

    Looking for a home with a fenced yard and a 2 car garage? This 2 bedroom, 1 bath home on Madison’s hilltop has both. Enjoy a backyard with room for pets, gardening, or evenings outside, plus a detached garage with plenty of space for parking and storage. The location keeps you close to shopping, dining, and everything Madison’s hilltop has to offer. Come take a look and see how you could make

    Ellen Stevens eXp Realty, LLC

    2510 Franks Dr, Madison, IN 47250
  • /37

    $170,000

    $20K PRICE DROP
    • 2 Beds
    • 1 Bath
    • 880 Sq Ft

    3343 E Sr 56, Madison, IN 47250

    Wake up to breathtaking views of the Ohio River in this charming riverfront retreat just minutes from historic downtown Madison. Nestled against a wooded hillside, this unique property offers the perfect blend of privacy, character, and waterfront living with direct river access for boating, fishing, kayaking, or simply enjoying life on the water. Inside, you'll find timeless character with

    Jesse Allen SEGREST FLAHERTY REAL ESTATE G

    3343 E Sr 56, Madison, IN 47250
  • /21

    $194,900

    $5K PRICE DROP
    • 3 Beds
    • 1 Bath
    • 924 Sq Ft

    8812 E Little Doe Run Rd, Madison, IN 47250

    A charming country property situated on 4.67 acres in Madison, Indiana. This 3-bedroom, 1-bath home offers 924 sq ft of living space and plenty of room to enjoy peaceful rural surroundings. Whether you're looking for a full-time residence, weekend retreat, or investment opportunity, this property provides privacy, open space, and endless potential in a beautiful setting. ! Sold as is.

    Keri Hir Keri Hir

    8812 E Little Doe Run Rd, Madison, IN 47250
  • /21

    $199,900

    • 1 Bed
    • 1 Bath
    • 1,040 Sq Ft

    512 E Main St Unit 1, Madison, IN 47250

    Experience downtown living at its finest in this sunny first-floor condo located in a beautiful historic building on Main Street in Madison. Offering approximately 1,000 square feet, this charming condo features soaring 12-foot ceilings throughout, creating a bright and spacious atmosphere. The large one-bedroom, one-bath layout includes a walk-in shower, inviting family room with a fireplace,

    Patrick Lynch F.C. Tucker/Scott Lynch Group

    512 E Main St Unit 1, Madison, IN 47250
  • /20

    $160,000

    • 2 Beds
    • 1 Bath
    • 875 Sq Ft

    2238 Crescent St, Madison, IN 47250

    Welcome home to this charming, move-in ready 2-bedroom, 1-bath home that's perfect for first-time buyers, those looking to downsize, or anyone seeking low-maintenance living. Thoughtfully updated throughout, this home combines modern improvements with comfortable everyday living. Recent upgrades include a brand-new HVAC and furnace system, a beautifully updated shower, and a new dishwasher, all

    Rachel Avery Legacy Land Use & Realty

    2238 Crescent St, Madison, IN 47250
  • /13

    $189,900

    • 2 Beds
    • 1 Bath
    • 630 Sq Ft

    1041 W Main St, Madison, IN 47250

    TERRIFIC SECOND HOME OR WEEKEND PLACE IN HISTORIC DOWNTOWN MADISON,IN. FORMERLY COZY COTTAGE AIR B&B. CLOSE TO THE HERITAGE TRAIL, DOWNTOWN SHOPPING, CLIFTY FALLS STATE PARK OR THE OHIO RIVER FRONT. GREAT OPPORTUNITY! SUBJECT TO SELLER CLOSING ON A SPECIFIC HOME THAT THEY CURRENTLY HAVE AN ACCEPTED OFFER. SELLERS ARE LEAVING MUCH OF THE PERSONAL PROPERTY BUT PLESASE SEE ATTACHMENT WITH THAT LIST.

    David Jenkins Real Estate Inc

    1041 W Main St, Madison, IN 47250
  • /14

    $160,000

    $49K PRICE DROP
    • 2 Beds
    • 1 Bath
    • 1,296 Sq Ft

    904 E 2nd St, Madison, IN 47250

    Price adjustment! This charming home on a corner lot is perfectly positioned in the heart of downtown Madison, just minutes from the bridge and all the activities this vibrant community is known for. Enjoy the convenience of walkable living while still having your own private retreat.This home features hardwood and tile flooring, a dining room, and a layout ideal for everyday living and

    Pamela Adam eXp Realty, LLC

    904 E 2nd St, Madison, IN 47250
  • /3

    $44,900

    • Land
    • 6,534 Sq Ft
    • $299,333 per Acre

    425 Green Rd, Madison, IN 47250

    Vacant corner lot on Madisons Hilltop. Perfect building location for single family home or duplex for investment opportunities!!

    John Demaree F.C. Tucker/Scott Lynch Group

    425 Green Rd, Madison, IN 47250
  • /14

    $129,000

    • 647 Sq Ft

    707 Walnut St, Madison, IN 47250

    Open to interpretation!! How shall this property be finished? The preservation organization succeeded in stabilizing and beatifying its original footprint! This cottage needs to be made cozy by an individual ready to give it its layout and design. There are preservation covenants, held by Indiana Landmarks, with this property.

    Jessica Butler Legacy Land Use & Realty

    707 Walnut St, Madison, IN 47250

Home Price Trends

Median Sale Price
$245,000
Median Single Family Sale Price
$254,950
Median Townhouse Sale Price
$409,950
Median 2 Bedroom Sale Price
$239,000
Median 1 Bedroom Sale Price
$195,000
Average Price Per Sq Ft
$158
Number of Homes for Sale
53
Last 12 months Home Sales
179
Months of Supply
3.60
Median List Price
$285,000
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
3%
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