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Blackwell Corner

MADISON, ME 04950

Real Estate Market Report  ·  Somerset County
Seller's Market
September 2026  ·  Source: Realtor.com

Market Analysis

Data as of September 2026. Source: Realtor.com.

The MADISON, ME real estate market (04950) currently shows 20 active listings, with 4 pending sales. Homes are averaging 54 days on the market before going under contract.

Inventory has tightened compared to last year, with 11 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 54 days on market compared to 81 days last year.

The median listing price has fallen 7.9% year-over-year, from $269,900 to $248,450.

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Market Context

Market Context

Population: 4,738  ·  Density: 35.3/mi²  ·  Median household income: $55,839

Typical home value: $151,316  ·  Homeownership: 69.7%

Market Overview

Active Listings
20
⇩ 35.5% vs 31 last year
Pending
4
20% pending ratio
Median Price
$248,450
⇩ 7.9% vs $269,900 last year
Average Price
$324,538
⇩ 6.7% vs $347,891 last year
Days on Market
54
⇩ 33.3% vs 81 days last year

Price Per Square Foot

Median $/sqft
$171
⇧ 6.2% vs $161/sqft last year
Median Home Size
1,681 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 20 this year vs 31 last year
  • Days on market: 54 now vs 81 last year

Median & Average Pricing

Year over Year
  • Median: $248,450 (-7.9% YoY)
  • Average: $324,538 (-6.7% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 23.8 miles — 119 listings ($38,347,972 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
04950Madison, ME 049500.0 mi23$5,155,726$239,900$224,162
04979Solon, ME 049797.5 mi8$1,840,288$180,000$230,036
04911Anson, ME 049118.4 mi7$1,552,467$199,675$221,781
04912Athens, ME 0491211.5 mi5$1,243,625$212,450$248,725
04978Smithfield, ME 0497813.7 mi3$878,400$290,000$292,800
04937Fairfield, ME 0493715.0 mi13$3,365,232$233,700$258,864
04955New Sharon, ME 0495516.6 mi3$837,000$289,000$279,000
04942Harmony, ME 0494217.8 mi8$2,532,800$299,000$316,600
04967Pittsfield, ME 0496718.5 mi7$1,953,742$272,000$279,106
04920Bingham, ME 0492019.5 mi18$4,396,302$149,999$244,239
04965Palmyra, ME 0496521.7 mi6$2,210,952$351,500$368,492
04923Cambridge, ME 0492322.6 mi6$3,261,798$454,450$543,633
04917Belgrade, ME 0491723.8 mi12$9,119,640$588,249$759,970

Frequently Asked Questions

How many homes are for sale in MADISON, ME 04950?

As of September 2026, there are 20 active listings in MADISON, ME (zip code 04950), compared to 31 the prior year.

What is the median home price in MADISON, ME 04950?

The median listing price in MADISON, ME 04950 is $248,450 as of September 2026, a 7.9% decrease from $269,900 the prior year.

How long do homes stay on the market in MADISON, ME?

Homes in MADISON, ME 04950 spend an average of 54 days on the market before going under contract, compared to 81 days the prior year.

Is it a seller's or buyer's market in MADISON, ME 04950?

Based on current inventory and days-on-market data as of September 2026, MADISON, ME 04950 is currently a Seller's Market. Inventory has tightened compared to last year, with 11 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 54 days on market compared to 81 days last year.

How much can I save on real estate commission in MADISON, ME?

With SELL123.com's maximum 3% commission, sellers in MADISON, ME 04950 save an estimated $4,969 compared to a typical 5% commission on the median listing price of $248,450. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.