A single home transaction was recorded in Madison County during the period from October 25 to October 31, 2023. The noteworthy sale involved a residence located on Lake Street in Sullivan, which sold for a total of $260,000.
Details of the Sale
The property, measuring 1,052 square feet, featured three bedrooms and one bathroom. The seller, Rachel E. Stedman, transferred ownership to Peter Guarino. This transaction reflects a price of approximately $247 per square foot, highlighting the current market conditions in the area.
While only one sale occurred during this time frame, it provides a glimpse into the ongoing activity in the Madison County real estate market.
Broader Market Context
In comparison, neighboring counties have reported multiple transactions in the same week. For example, Onondaga County had a total of 109 home sales, showcasing a more active real estate environment. Other counties, including Cortland, Cayuga, Oneida, and Tompkins, also reported significant home sales, indicating varied market dynamics across the region.
As the real estate market continues to evolve, homeowners and potential buyers in Madison County will be monitoring these developments closely to gauge future trends and opportunities.