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Foreclosures in Madison, IL

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Madison, IL Foreclosures

Current Market Conditions in in Madison, IL As of March 2026?
Over the past month, the Madison real estate market has remained stable with slight increases in both average home prices and the number of listings. The influx of buyers, potentially driven by a strong job market and further urban development, has kept demand steady. Homes that are well-maintained and priced competitively are seeing multiple offers, leading to shorter time on the market.
How much do homes sell for in Madison, IL?
The average home price is currently $80,725.
In Madison, IL, how many homes are available?
There are currently 2 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 $3,179,898.
What is currently the cheapest priced home in Madison, IL?
The cheapest home for sale in Madison is priced at $11,437.

Living in Madison, IL

Madison, IL, is a vibrant small city known for its welcoming community and family-friendly atmosphere. Just minutes from downtown St. Louis, it's perfect for those who enjoy suburban living with easy access to city amenities. Residents love the recreational options, including parks, trails, and water activities along the Mississippi River.

Buyer vs Seller Market in Madison, IL

The real estate market in Madison, IL has seen an upward trend over the past year, with increasing property values and a higher demand for homes. Many buyers are attracted to the area due to its affordability compared to neighboring cities, and the market is becoming more competitive as a result.

Current statistics indicate that homes in Madison typically sell within a month of being listed. The neighborhood is gaining popularity among first-time homebuyers and families looking for stable communities with good schools.

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 $58,848.00. 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 $80,725.00, with the most expensive house in Madison, IL, topping out at $3,179,898.00 and the cheapest home in Madison, IL, clocking in at $11,437.00. 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 Foreclosures

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