Madison County, IL Home Values & Market Trends
The median home price in Madison County, IL is $164,584.46. There were 5,507 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 $110,160.073. The number of current listings in Madison County, IL is 446, and the percentage of properties for sale is 446.00%. The county has 497 foreclosures, 55 bank owned properties, 88 headed for auction, and 446 properties for sale.
Madison County, IL Real Estate Market Overview
| City | Median Est. Value | City | Median Est. Value |
|---|---|---|---|
| Granite City | $ 119,950 $ 89/sqft | Saint Jacob | $ 384,900 $ 135/sqft |
| Edwardsville | $ 321,436 $ 135/sqft | Hartford | $ 55,000 $ 47/sqft |
| Alton | $ 120,938 $ 92/sqft | Alhambra | $ 124,826 $ 87/sqft |
| Godfrey | $ 177,375 $ 114/sqft | Cottage Hills | $ 100,153 $ 93/sqft |
| Collinsville | $ 186,155 $ 106/sqft | Moro | $ 156,442 $ 137/sqft |
| Highland | $ 258,843 $ 131/sqft | Venice | $ 26,830 $ 15/sqft |
| Wood River | $ 116,125 $ 96/sqft | New Douglas | $ 122,000 $ 110/sqft |
| Glen Carbon | $ 338,000 $ 130/sqft | Marine | $ 129,900 $ 48/sqft |
| Troy | $ 245,000 $ 139/sqft | South Roxana | $ 51,900 $ 51/sqft |
| East Alton | $ 116,370 $ 87/sqft | Livingston | $ 124,177 $ 69/sqft |
| Maryville | $ 293,750 $ 127/sqft | Hamel | $ 269,900 $ 145/sqft |
| Bethalto | $ 166,500 $ 109/sqft | Roxana | $ -- $ -- |
| Worden | $ 325,000 $ 111/sqft | Dorsey | $ -- $ -- |
| Madison | $ 54,310 $ 64/sqft |
Housing Market Summary for Madison County, IL
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $139.9K | $156.8K | 12.04% |
| Median Sold Price | $150.1K | $156.8K | 4.45% |
| Homes For Sale | 304 | 344 | 13.16% |
| Homes Sold | 2,781 | 2,194 | -21.11% |
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 $10,195 to $6,599,313. Edwardsville is the priciest city with a median listing home price of $370,000, and Venice is most affordable with average house prices of around $36,450.
- Pre-ForeclosurePre-foreclosure homes account for 0.37% of all residential properties in Madison County, IL with Granite City containing 95 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 $319,900 in Dorsey to the lowest home value of $24,268 in Granite City.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Madison County, IL ranges from the highest value of $165,373 in Edwardsville to the lowest value of $22,079 in Granite City. 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 18 REO properties, has the highest number of bank owned properties in a single city.
- AuctionsGranite City has 22 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 0.09% 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 $315,118 in Highland to the lowest value of $22,646 in Highland.
Compare Nearby Cities
More Real Estate Resources for Madison County, IL
Guide for Madison County, IL
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