Madeira Housing Market Update: Prices Mixed, Inventory Tight Heading Into Spring
Madeira, OH – March 24, 2026 – Home values show mixed signals as sales slow, inventory stays lean, and rents hover near $1,500.
Madeira Housing Market Update
Recent data show a mixed start to the 2026 spring season in Madeira, with pricing metrics diverging and inventory remaining limited.
Top takeaways
- Median sale price was $591K in February, down year over year.
- Typical home value stands at $517,670, up 4.7% from a year ago.
- Only 14 homes were listed for sale at the end of February.
- Median rent is $1,492 as of March.
Prices and sales
According to Redfin, the median sale price in February 2026 was $591,000, with four homes sold and an average of 68 days on market. While that sale-price figure is lower than a year ago, Zillow’s Home Value Index shows the typical home value at $517,670, up 4.7% year over year through January 31, 2026.
This split suggests variability in the mix of homes closing month to month, rather than a clear directional shift. Realtor.com has characterized the local market as balanced in early 2026, with supply and demand relatively even.
Inventory and rentals
Active inventory remains lean, with 14 homes for sale and five new listings recorded by late February. Limited selection can keep competition firm for well-priced properties, even as days on market edge higher.
On the rental side, the median rent across property types is $1,492, about 21% below the national average. With roughly 88% of households owner-occupied, rentals remain a smaller share of the overall housing mix.
Regional context
Across central Ohio, February closed sales matched last year’s pace, and the region continues to operate with low months of inventory heading into spring. That broader seller-leaning backdrop may support stable pricing locally if new listings do not accelerate.
As the spring market unfolds, are you seeing more for-sale signs or faster contract activity in your neighborhood?
Sources
https://www.redfin.com/city/11813/OH/Madeira/housing-market
https://www.zillow.com/home-values/39567/madeira-oh/
https://www.zumper.com/rent-research/madeira-oh
https://www.realtor.com/realestateandhomes-search/Madeira_OH/overview
https://columbusrealtors.com/news/central-ohio-housing-report—february-2026