1st Quarter 2026 - Marshall and Madison County Real Estate Market Analysis

Madison/Marshall County Market Analysis

The Marshall and Madison County housing market continued shifting toward a buyers’ market in the first quarter of 2026, though conditions remain generally neutral and not strongly favoring either buyers or sellers.

Number of Homes Sold: In the City of Marshall, the number of home sales increased from 2 homes in the first quarter of 2025 to 3 homes in the first quarter of 2026 while in Madison County, the number of home sales decreased from 48 sales in the first quarter of 2025 to 37 sales in the first quarter of 2026.

Inventory Levels: Inventory levels fluctuated in most price categories between the first quarters of 2025 and 2026 (Table 3 and Table 4). A balanced market is typically defined as having six months of inventory—meaning it would take six months to sell all available homes based on the past year’s pace. Less than six months indicates a seller’s market, while more than six months signals a buyer’s market. In the city of Marshall inventory levels were less than 6 months in many price ranges, while in Madison County inventory levels were more than 6 months in most price ranges.

Median Home Sales Price: Median home prices edged downward during this period, with Madison County decreasing from $443,000 to $400,000, and Marshall from $441,000 to $329,000.

Average Days on Market (DOM): Average Days on Market soared from 64 days in Marshall in 2025 to 161 days in the first quarter of 2026. In Madison County, DOM decreased from 103 days to 98 days (Chart 4). This fluctuation largely reflects higher inventory levels, giving buyers more options and reducing urgency compared to prior years. However, rising DOM can also indicate increased market activity, as older listings begin to sell. Trends in the second and third quarters of 2026 will help clarify whether this increase reflects a market shift or a temporary adjustment.

For a complete market analysis, view the entire report here. If you have any questions or would like a price evaluation of your house, please contact one of our agents or call us at (828) 707-9556.

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