Madison County, IL Real Estate & Property Data

Madison County Real Estate Market Trends
Last Updated: April 19, 2024

With up-to-date real estate data get detailed insight into Madison County, IL sourced from the nation’s leading property data provider. The current median home price in Madison County, IL is $175,000. Madison County real estate data shows that there have been a total of 5,578 residential properties sold over the past 12 months. ATTOM’s Madison County real estate data indicates that the county has 59 properties in foreclosure and 11 REOs (real estate bank owned) properties.

Madison County Real Estate Market Trends
Total Residential Properties 98,785
Total Commercial Properties 7,381
Avg. Home Age (Single Family Home) 58 Years
Avg. Square Feet (Single Family Home) 1,245
Total 2024 Residential Sales (year-to-date) 722
% of Homes Seriously Underwater (Q2 2024) 1.89%
Total 2023 Residential Sales 5,183
% of Equity Rich Homes (Q2 2024) 33.95%
Effective 2023 Property Tax 1.73%
Total Foreclosure Filings (year-to-date) 109
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Madison County, IL Real Estate Overview

There were 5,578 residential properties sold in the past year in Madison County, IL. The median home value in Madison County, IL is $164,640. There are a total of 98,785 residential properties in the Madison.

Median Sales Price i
$175,000
(Feb 2024)
+6.1%
year-over-year
y-o-y
  • February '24 Feb '24 $175,000
  • January '24 Jan '24 $152,000
  • December '23 Dec '23 $168,000
  • November '23 Nov '23 $166,500
  • October '23 Oct '23 $175,000
  • September '23 Sep '23 $171,000
  • August '23 Aug '23 $180,000
  • July '23 Jul '23 $183,500
  • June '23 Jun '23 $198,500
  • May '23 May '23 $164,000
  • April '23 Apr '23 $160,000
  • March '23 Mar '23 $155,000
Median Down Payment i
$14,250
(Feb 2024)
+23.4%
year-over-year
y-o-y
  • February '24 Feb '24 $14,250
  • January '24 Jan '24 $10,000
  • December '23 Dec '23 $18,000
  • November '23 Nov '23 $18,485
  • October '23 Oct '23 $18,175
  • September '23 Sep '23 $15,040
  • August '23 Aug '23 $16,800
  • July '23 Jul '23 $16,675
  • June '23 Jun '23 $18,475
  • May '23 May '23 $11,750
  • April '23 Apr '23 $11,500
  • March '23 Mar '23 $10,500
Number of Homes Sold i
366
(Feb 2024)
-1.9%
year-over-year
y-o-y
  • February '24 Feb '24 366
  • January '24 Jan '24 356
  • December '23 Dec '23 376
  • November '23 Nov '23 457
  • October '23 Oct '23 459
  • September '23 Sep '23 426
  • August '23 Aug '23 529
  • July '23 Jul '23 393
  • June '23 Jun '23 500
  • May '23 May '23 476
  • April '23 Apr '23 364
  • March '23 Mar '23 503
Number of Purchase Loans i
189
(Feb 2024)
+0.5%
year-over-year
y-o-y
  • February '24 Feb '24 189
  • January '24 Jan '24 224
  • December '23 Dec '23 254
  • November '23 Nov '23 286
  • October '23 Oct '23 290
  • September '23 Sep '23 268
  • August '23 Aug '23 342
  • July '23 Jul '23 297
  • June '23 Jun '23 348
  • May '23 May '23 299
  • April '23 Apr '23 244
  • March '23 Mar '23 300
Number of REFI Loans i
149
(Feb 2024)
+33%
year-over-year
y-o-y
  • February '24 Feb '24 149
  • January '24 Jan '24 172
  • December '23 Dec '23 117
  • November '23 Nov '23 144
  • October '23 Oct '23 154
  • September '23 Sep '23 137
  • August '23 Aug '23 157
  • July '23 Jul '23 147
  • June '23 Jun '23 159
  • May '23 May '23 130
  • April '23 Apr '23 118
  • March '23 Mar '23 121
Number of HELOC Loans i
109
(Feb 2024)
-5.2%
year-over-year
y-o-y
  • February '24 Feb '24 109
  • January '24 Jan '24 135
  • December '23 Dec '23 116
  • November '23 Nov '23 135
  • October '23 Oct '23 165
  • September '23 Sep '23 159
  • August '23 Aug '23 158
  • July '23 Jul '23 137
  • June '23 Jun '23 139
  • May '23 May '23 125
  • April '23 Apr '23 118
  • March '23 Mar '23 135

Madison County, IL Real Estate Market Overview

Last 30 days
  • City
    Median Est. Value
  • City
    Median Est. Value
  • City
    Median Est. Value

Madison County, IL Foreclosure Activity

There were a total of 59 Madison County, IL properties with a foreclosure filing in February 2024. Lenders started the foreclosure process on 33 Madison County, IL properties and repossessed 11 Madison County, IL properties through completed foreclosures (REOs) in February 2024.

Total Foreclosure Filings i
59
(Feb 2024)
-24.4%
year-over-year
y-o-y
  • February '24 Feb '24 59
  • January '24 Jan '24 50
  • December '23 Dec '23 60
  • November '23 Nov '23 69
  • October '23 Oct '23 57
  • September '23 Sep '23 60
  • August '23 Aug '23 50
  • July '23 Jul '23 68
  • June '23 Jun '23 44
  • May '23 May '23 71
  • April '23 Apr '23 51
  • March '23 Mar '23 79
Foreclosure Starts i
33
(Feb 2024)
-34%
year-over-year
y-o-y
  • February '24 Feb '24 33
  • January '24 Jan '24 30
  • December '23 Dec '23 33
  • November '23 Nov '23 48
  • October '23 Oct '23 38
  • September '23 Sep '23 43
  • August '23 Aug '23 26
  • July '23 Jul '23 42
  • June '23 Jun '23 26
  • May '23 May '23 40
  • April '23 Apr '23 34
  • March '23 Mar '23 50
Completed Foreclosures (REOs) i
11
(Feb 2024)
+450%
year-over-year
y-o-y
  • February '24 Feb '24 11
  • January '24 Jan '24 17
  • December '23 Dec '23 5
  • November '23 Nov '23 17
  • October '23 Oct '23 6
  • September '23 Sep '23 20
  • August '23 Aug '23 13
  • July '23 Jul '23 14
  • June '23 Jun '23 12
  • May '23 May '23 14
  • April '23 Apr '23 19
  • March '23 Mar '23 16
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