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Madison, IL Homes for Sale

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  • /19

    $199,000

    • 2 Baths
    • 4,608 Sq Ft

    1348 Madison Ave, Madison, IL 62060

    Here is your opportunity to add a solid cash flow surplus to your portfolio. This mixed use property offers a variety of income producing methods. Both of the residential upstairs apartments are currently rented, and the turn key bar & grill is ready to open right away, with a new owner or tenant of your choice. The main floor fully operational bar and grill was previously rented for $1,500/mo.

    Devin Outman Landmark Realty

    1348 Madison Ave, Madison, IL 62060
  • /27

    $109,000

    • 2 Beds
    • 1 Bath
    • 786 Sq Ft

    1111 Greenwood St, Madison, IL 62060

    Welcome home to this beautifully updated property — move-in ready and sited on a large, fenced backyard. Thoughtful improvements provide long-term peace of mind, including a new roof, updated HVAC, water heater, and upgraded electrical and plumbing. The interior features fresh flooring throughout, bright rooms with abundant natural light, and clean, modern finishes. The kitchen comes equipped

    Kenbra Knight Century 21 Bailey & Company

    1111 Greenwood St, Madison, IL 62060
  • /5

    $6,000

    • Land
    • 10,798 Sq Ft
    • $24,203 per Acre

    217 W 2nd St, Madison, IL 62060

    Vacant lot in Madison, IL offered as-is for land value only. Utilities are available nearby. Buyer to perform all due diligence regarding zoning, permits, and intended use. Excellent opportunity for redevelopment in an established area of Madison, IL. Sold as-is. Ideal for investors or builders looking for a redevelopment opportunity in an established neighborhood with convenient access to local

    Shonda Bond Worth Clark Realty

    217 W 2nd St, Madison, IL 62060
  • /50

    $119,000

    • 4 Beds
    • 3 Baths
    • 1,601 Sq Ft

    2013 4th St, Madison, IL 62060

    Move-In Ready & Fully Renovated!First time this home has been offered out of the family in 70 years! This extra-clean home has been completely updated and is ready for you to move right in. Features include a spacious basement with plenty of storage, a huge 24' x 28' man-sized garage, plus an additional 12' x 16' storage shed with a garage door. Recent updates include a newer roof, siding,

    Bill Scaturro The Auction House Company

    2013 4th St, Madison, IL 62060
  • /28

    $99,700

    • 4 Beds
    • 3 Baths
    • 1,305 Sq Ft

    1437 Grand Ave, Granite City, IL 62040

    Looking to increase your passive income? Looking for a home with a Mother-In-Law suite? This property previously brought in $2000 a month in income. The front home is a 3 bedroom, 2 bath, eat-in kitchen and laundry with a nice sized fenced yard. The rear unit is a 1 bedroom, 1 bath, laundry service, extra storage and comes with furnishings. Both units have passed occupancy and are move-in ready.

    Monica Buss Lemp Keller Williams Marquee

    1437 Grand Ave, Granite City, IL 62040

Why Live in Madison

Madison, Illinois, situated just six miles northeast of downtown St. Louis, offers a blend of small-town tranquility and vibrant attractions. The city is renowned for the World Wide Technology Raceway, a 65,000-seat venue hosting NASCAR and professional drag racing events, which has significantly boosted local growth and economy. Residents can enjoy performances from world-famous musicians at the raceway, adding to the city's lively atmosphere. Madison features several parks, including 7th & Lee Public Park and Madison Baseball Diamonds, where community sports leagues are popular. The Mississippi River provides scenic outdoor activities with the Old Chain of Rocks Bridge & Park and Chouteau Island Nature Trail, ideal for hiking, bird-watching, and fishing. Gateway National Golf Course, known for its public bent grass fairways, offers golfing opportunities and a clubhouse for social gatherings. Dining options include the historic Marko’s Fish Restaurant and nearby Madison Meat Market, with larger supermarkets like Walmart and Schnucks located in Granite City. Housing in Madison primarily consists of single-story shotgun and Craftsman-style homes from the early 1900s, reflecting affordable prices. The city is in a transition period, moving from rentals to home ownership. Transportation to St. Louis is convenient via State Route 203 and interstates 55 and 70, with regional bus services connecting to the City Metro Link.

Frequently Asked Questions

What is the average home price in Madison, IL?
Homes for sale in Madison, IL have an average home price of $81,338.
Are home prices dropping in Madison?
Yes, home prices in Madison are down 6% in the last 12 months.
How many homes have sold over the last 12 months in Madison, IL?
21 homes have sold in Madison, IL over the last 12 months.
What are the most popular zip codes in Madison, IL?
The most popular zip codes in Madison, IL include 62040, 62060, 63137, 62201 and 63147.
How much do you need to make to afford a house in Madison?
The median home price in Madison is $68,500. If you put a 20% down payment of $13,700 and had a 30-year fixed mortgage with an interest rate of 6.23%, your estimated principal and interest payment would be $340 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $15K a year to afford the median home price in Madison. Learn how much home you can afford with our Home Affordability Calculator.
How are the schools in Madison, IL?
Madison, IL has highly rated public and private schools. Some of the best schools in Madison based on Niche Grades are Dorris Intermediate School, Kreitner Elementary School and Collinsville High School. Browse all the schools in Madison, IL to learn more.

Home Trends in Madison, IL

Housing Trends

Median Sale Price
$58,000
Median Single Family Sale Price
$72,000
Average Price Per Sq Ft
$72
Number of Homes for Sale
2
Last 12 months Home Sales
21
Months of Supply
1.10
Median List Price
$68,500
Median Change From 1st List Price
6%
Median Home Sale Price YoY Change
-8%
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