Madison, IL
Housing market overview · Updated weekly
$74,250median sale price
Homes sold
2
Last 12 weeks
Days on market
90
Average pace
Active listings
9
4.5 months supply
Sale-to-list
94.1%
Below asking
The Madison housing market is currently classified as a buyer's market with a median sale price of $74,250. Prices have risen 306.8% compared to last year, with homes spending an average of 90 days on market, indicating 4.5 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Market trends
Homes for sale in Madison
There are currently 9 homes listed for sale in Madison, Illinois. The median listing price is $100K.
Active listings
9
Homes on market
Median list price
$100K
Avg. days on market
90
Days until sale
New this week
5
Newly listed
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Frequently asked questions
What is the average home price in Madison?
The median home sale price in Madison is $74,250, up 306.8% from last year.
How long do homes stay on market in Madison?
Homes typically spend 90 days on market before going under contract.
Is Madison a buyer's or seller's market?
With 4.5 months of supply, Madison is currently a buyer's market.
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