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Bankruptcy Homes in Madison, IL

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Madison, IL Foreclosures

How much do homes sell for in Madison, IL?
The average home price is currently $81,240.
In Madison, IL, how many homes are available?
There are currently 7 active home listings available in Madison.
What’s the average rental cost in Madison, IL?
The average rental price in Madison is $830.
What is the most expensive home in Madison?
The most expensive home sold in Madison had a price of $3,196,155.
What is currently the cheapest priced home in Madison, IL?
The cheapest home for sale in Madison is priced at $11,496.

Living in Madison, IL

Madison, Illinois, is a vibrant community offering a blend of small-town charm and urban conveniences. Located near St. Louis, it provides easy access to a diverse range of amenities, parks, and local businesses. The city is an ideal place for families and individuals seeking a balanced lifestyle.

Current Market Conditions in Madison, IL

The real estate market in Madison is currently characterized by a balance between buyers and sellers. Demand remains stable, with properties moving fairly quickly due to the city’s attractive location near St. Louis and affordable housing options.

Recent trends indicate an increase in home renovations and developments, suggesting growing interest in the area. Community efforts to improve infrastructure and public amenities are also contributing to the overall positive real estate landscape.

Home Value Estimator For Madison, IL

There are currently 1,733 real estate properties in Madison, IL, with a median automated valuation model (AVM) price of $60,215.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Madison, IL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Madison, IL, is $81,240.00, with the most expensive house in Madison, IL, topping out at $3,196,155.00 and the cheapest home in Madison, IL, clocking in at $11,496.00. In other words, there’s something for every potential homebuyer or savvy investor in Madison, IL!

Rent Prices In Madison, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Madison, IL, is on a rollercoaster ride. The average rent price in Madison, IL, is $830.00. Indeed, when looking to rent in Madison, IL, you can expect to pay as little as $540.00 or as much as $1,430.00, with the average rent median estimated to be $850.00. The good news is that finding an affordable and desirable property to rent in Madison, IL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Madison, IL Bankruptcy Homes

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