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Featured local agent — Madison, IL
Sarah Mitchell
Compass Real Estate · Madison, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Madison, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$88,100median sale price
How is the Madison, IL housing market right now?
The median home sale price in Madison, IL is $88,100, up 94.7% year-over-year. Homes sell in an average of 101 days with 5 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Madison a buyer's or seller's market?
Madison, IL is currently a balanced market, based on 2.5 months of supply and homes selling in about 101 days. How we determine this →
Homes sold
2
Last 12 weeks
Days on market
101
Average pace
Active listings
5
2.5 months supply
Sale-to-list
90.3%
Below asking
What does the Madison housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $88,100 |
| Year-over-year price change | +94.7% |
| Average days on market | 101 days |
| Active inventory | 5 listings |
| Months of supply | 2.5 months |
| Sale-to-list price ratio | 90.3% |
| Median price per sq ft | $87/sq ft |
| Homes sold (latest month) | 2 |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Madison by property type?
How the Madison, IL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $88,100 | $87/sq ft | 2 | 101 days |
Source: Redfin · Updated monthly
The Madison housing market is currently classified as a balanced market with a median sale price of $88,100. Prices have risen 94.7% compared to last year, with homes spending an average of 101 days on market, indicating 2.5 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 1.3x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Madison
There are currently 5 homes listed for sale in Madison, Illinois.
Active listings
5
Homes on market
Avg. days on market
101
Days until sale
Who lives in Madison?
Population
2,788
Median income
$44,181/yr
Median age
46.7 years
Owner-occupied
44.9%
College grads
7.2%
Avg commute
20.7 min
Source: U.S. Census Bureau ACS
What are homes worth in Madison?
Zillow home value
$58,651
Price-to-income
1.3x
Source: Zillow Research
What is it like to live in Madison?
Madison is a community of approximately 3K residents with a median age of 46.7 years.The median household income is $44,181, which represents a working-class community with solid middle-income opportunities. 7.2% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 44.9%, showing a blend of owner and renter-occupied properties. The average commute time is 20.7 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Madison offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Madison?
4 schools tracked · 603 students
The largest public schools serving Madison, IL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Bernard Long Elem Sch
Grades PK-5 · 348 students
Madison Senior High School
Grades 9-12 · 139 students
Madison Jr High School
Grades 6-8 · 116 students
Madison Student Support Center
Grades 7-12
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Madison, IL?
Want a head-to-head view? Compare Madison side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Madison?
The median home sale price in Madison is $88,100, up 94.7% from last year.
How long do homes stay on market in Madison?
Homes typically spend 101 days on market before going under contract.
What is the median income in Madison?
The median household income is $44,181 per year.
Is Madison a buyer's or seller's market?
With 2.5 months of supply, Madison is currently a balanced market.
What is the Zillow home value estimate for Madison?
The Zillow Home Value Index (ZHVI) for Madison is $58,651, representing the typical home value in the area.
How much does a single-family home cost in Madison?
The median single-family home price in Madison, IL is $88,100 (about $87 per square foot).
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