How much do homes in Madison County, IL cost?

Median List Price

$150,998

Based on all homes listed in the last 12 months.

Difference Since August 2020

+$1,686(+1.1%)

Key Takeaway

The list price of homes in Madison County has increased by 1.1% since last year.

Housing Market Conditions

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Key Takeaway

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Median List Price By Bedroom Count

# BEDSAug 2020Aug 2021%
1 $43.9K$48.2K+9.8%
2 $79.9K$87.6K+9.7%
3 $145.8K$153.1K+5.0%
4 $249.9K$259.9K+4.0%
5+ $324.8K$339.5K+4.5%

Median List Price Compared To Nearby Counties

Bond County
+13.0%
Saint Clair County
+8.6%
Macoupin County
+4.0%
Jersey County
+3.3%
Madison County
+1.1%

How many homes are available in Madison County, IL?

Number of Homes For Sale

Jul 2021Aug 2021%
1,8451,855+0.5%

Homes For Sale By Bedroom Count

# BEDSJul 2021Aug 2021%
1 3130-3.2%
2 476485+1.9%
3 829841+1.4%
4 339333-1.8%
5+ 170166-2.4%

Asking Price vs. Sold Price

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Key Takeaway

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Average Listing Age

Aug 2020Aug 2021%
118 Days112 Days-5.3%

Breakdown of Home Sale Times

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Key Takeaway

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About Madison County, IL

Number of homes for sale in Madison County, IL real estate market have reached 1,855. The number of homes for sale in Madison County, IL increased by 0.5% between July 2021 and August 2021. Listings spent 112 days on the market in August 2021, and had a median list price of $150,998 during the same period. Between July 2021 and August 2021, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties prices increased by 9.8%, prices of 2 bedrooms properties increased by 9.7%, the cost of 3 bedrooms properties went up by 5%, the cost of 4 bedrooms properties went up by 4%, prices of 5 bedrooms properties went up by 4.5%. Volume of homes for sale changed: the quantity of 1 bedroom homes went down by 3.2%, volume of 2 bedrooms homes went up by 1.9%, 3 bedrooms homes became 1.4% more available, 4 bedrooms homes inventory decreased by 1.8%, 5 bedrooms homes inventory decreased by 2.4%. Over 187 listings were sold over their listed price in August 2021 in Madison County, IL. In the same period over 137 listings were sold below the listed price and 124 listings were sold for the listed price.

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