Madison County, IL Home Values & Market Trends
The median home price in Madison County, IL is $166,484.71. There were 6,047 home sales in Madison County, IL over the past 12 months. The median residential Madison County, IL home value for transactions over the previous year is $145,019.324. The number of current listings in Madison County, IL is 334, and the percentage of properties for sale is 27.18%. The county has 895 foreclosures, 57 bank owned properties, 117 headed for auction, and 334 properties for sale.
Housing Market Summary for Madison County, IL
| Apr 2022 | April 2023 | Change | |
|---|---|---|---|
| Median Listing Price | $140K | $150.1K | 7.20% |
| Median Sold Price | $142.9K | $150.1K | 5.01% |
| Homes For Sale | 351 | 304 | -13.39% |
| Homes Sold | 3,330 | 2,781 | -16.49% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Madison County, IL
Browse Homes in Madison County, IL
Madison County, IL home values range from $16,091 to $4,117,703. Marine is the priciest city with a median listing home price of $549,900, and Madison is most affordable with average house prices of around $37,400.
- Pre-ForeclosurePre-foreclosure homes account for 0.75% of all residential properties in Madison County, IL with Granite City containing 168 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There are 27 cities within Madison County, IL; of those cities, the estimated home value for pre-foreclosure homes ranges from $936,572 in Edwardsville to the lowest home value of $25,040 in Alton.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Madison County, IL ranges from the highest value of $322,138 in Granite City to the lowest value of $26,771 in Wood River. Bank owned homes and properties account for 0.06% of properties in Madison County, IL. There are 27 cities within Madison County, IL; Granite City containing 13 REO properties, has the highest number of bank owned properties in a single city.
- AuctionsGranite City has 31 auction properties, the highest number of properties going to auction in a single city in the state of Madison County, IL. Auction homes and other auction properties account for 0.12% of all properties in Madison County, IL. There are 27 cities within Madison County, IL; of those cities, the median estimated home value for homes going to auction ranges from $379,041 in Troy to the lowest value of $22,195 in $Troy.
