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Cheap Homes for Sale in Madison, IN

291 Homes for Sale

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Photo 3 of Single family home for sale at 1914 S L St, Elwood, IN 46036 | MLS# 22125542 | Listing updated on 2026-09-25Photo 1 of Single family home for sale at 1914 S L St, Elwood, IN 46036 | MLS# 22125542 | Listing updated on 2026-09-25Photo 2 of Single family home for sale at 1914 S L St, Elwood, IN 46036 | MLS# 22125542 | Listing updated on 2026-09-25

$172,900

count-img 4

3Bds

1Ba

1,504sqft

Single family home for sale

1914 S L St, Elwood, IN 46036

MLS ID #22125542, Bill Brogdon Realty

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Madison, IN Housing Market Overview

Madison is moving fast, and is a seller's market. Just 3.3 months of supply and 45 days on the market mean less competition for buyers and more leverage for you.

Status

Seller's Market

Days on Market

45

Inventory

291

Aug 2021Mar 2024Mar 2026

Median Home Price

$250,000Up 0.30%

In Mar 2026 · YoY

Aug 2021Mar 2024Mar 2026

Mortgage Rates 30-Yr Fixed

6.23%Down 0.58%

Current rate · YoY

Loan Type

30-Year Fixed

Housing Supply

Homes For Sale
291 Up 0.35%
Newly Listed Homes
24 Up 0.04%
Months of Supply
3.3 Up 0.20%

Housing Demand

Homes Sold
15 Down 0.00%
Sale-to-List Ratio
96.7% Down 3.16%
Homes Sold Above List
13.3% Down 11.67%

30-yr fixed rate 6.23% · Data as of Mar 2026 · Source: Houzeo Research.

View Full Madison Market Report
  • mls-img
    Based on information from MIBOR REALTOR® Association through Sep 26, 2026, 12:31 AM. The Broker Listing Cooperative® listing service's Listing information is deemed reliable but is not guaranteed accurate by the Broker Listing Cooperative® listing service. All data is obtained from various sources and may not have been verified by broker or Broker Listing Cooperative listing service. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.. All Rights Reserved. © 2026 MIBOR REALTOR® Association.
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Madison, IN Housing Marketlink qauare
Homes Available icon

291

Homes Available

Median List Price icon

$ 250,000

Median List Price

Avg on Market icon

45 Days

Avg on Market

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