Madison, IL Foreclosures
How much do homes sell for in Madison, IL?
The average home price is currently $79,414.
In Madison, IL, how many homes are available?
There are currently 1 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 $3,164,316.
What is currently the cheapest priced home in Madison, IL?
The cheapest home for sale in Madison is priced at $11,364.
Living in Madison, IL
Madison, IL, is a charming city with a strong sense of community, located just outside of St. Louis. Its affordability, coupled with an array of amenities and recreational activities, makes it an ideal location for families and young professionals. Residents enjoy easy access to parks, local businesses, and public transport, enhancing their quality of life.
Current Market Conditions in Madison, IL
The real estate market in Madison, IL, has shown signs of steady growth over the past few years. With a combination of affordable housing options and increasing demand, home prices have been trending upward. The market attracts first-time homebuyers and investors looking for rental properties, making it an appealing area for investment.
There is a notable scarcity of homes available for sale in Madison, leading to competitive bidding situations for desirable properties. As more families move into the area seeking its family-friendly atmosphere and good schools, this trend is likely to continue. Additionally, with the ongoing development of local amenities, there is tremendous potential for further value appreciation.
Home Value Estimator For Madison, IL
There are currently 1,731 real estate properties
in Madison, IL,
with a median automated valuation model (AVM) price
of $57,985.00. 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 $79,414.00, with the most expensive house
in Madison, IL, topping out
at $3,164,316.00 and the cheapest home
in Madison, IL,
clocking in at $11,364.00. 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.
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