11
Madison, IL Homes for Sale
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$80,000
- 2 Beds
- 1 Bath
- 1,098 Sq Ft
1926 Beckwith Ave, Madison, IL 62060
1926 Beckwith Ave, Madison, IL 62060 -
$64,900
- 4 Beds
- 2 Baths
- 1,200 Sq Ft
305 Meredocia St, Madison, IL 62060
305 Meredocia St, Madison, IL 62060 -
$2,500
- Land
- 0.15 Acre
- $17,088 per Acre
917 Washington Ave, Madison, IL 62060
917 Washington Ave, Madison, IL 62060 -
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$4,500
- Land
- 0.13 Acre
- $34,615 per Acre
1607 Kennedy Dr, Madison, IL 62060
1607 Kennedy Dr, Madison, IL 62060 -
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$100,000
- 3 Beds
- 2 Baths
- 1,872 Sq Ft
1000 Market St, Madison, IL 62060
1000 Market St, Madison, IL 62060 -
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$10,000
- 1 Bed
- 1 Bath
- 708 Sq Ft
1209 Edwardsville Rd, Granite City, IL 62040
1209 Edwardsville Rd, Granite City, IL 62040
Why Live in Madison



Madison, located just six miles northeast of downtown St. Louis, combines small-town tranquility with the excitement of top-tier motorsports. The neighborhood is home to the 65,000-seat World Wide Technology Raceway, which hosts NASCAR and professional drag racing events, contributing significantly to local economic growth. For those less interested in racing, Madison offers various attractions, including performances by world-famous musicians at the raceway. The area features several small parks, such as 7th & Lee Public Park and Madison Baseball Diamonds, which are popular for family outings and community sports. The nearby Mississippi River provides scenic outdoor activities, with the Old Chain of Rocks Bridge & Park offering a picturesque spot for photography and bird-watching, and the Chouteau Island Nature Trail providing a serene walking path along the river. Golf enthusiasts can enjoy the Gateway National Golf Links, known for its public bent grass fairways and Scottish-inspired clubhouse. Dining options include the historic Marko’s Fish Restaurant and the convenient Madison Meat Market, with larger supermarkets like Walmart and Schnucks located less than two miles away in Granite City. Madison's housing market features primarily single-story shotgun and Craftsman-style homes from the early 1900s, offering affordable options for homebuyers. The neighborhood's proximity to St. Louis and accessible public transit options, including regional bus services to the Emerson Park Station, make it a practical choice for commuters.
What is the average home price in Madison, IL?
Homes for sale in Madison, IL have an average home price of $72,306.
Are home prices dropping in Madison?
Yes, home prices in Madison are down 21% 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?
How much do you need to make to afford a house in Madison?
The median home price in Madison is $62,000. If you put a 20% down payment of $12,400 and had a 30-year fixed mortgage with an interest rate of 6.77%, your estimated principal and interest payment would be $320 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $14K a year to afford the median home price in Madison.
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
On average, homes in Madison, IL sell after 44 days on the market compared to the national average of 50 days. The median sale price for homes in Madison, IL over the last 12 months is $48,000, down 39% from the median home sale price over the previous 12 months.
Housing Trends
Median Sale Price
$48,000
Median Single Family Sale Price
$55,250
Median Townhouse Sale Price
$18,250
Average Price Per Sq Ft
$57
Number of Homes for Sale
8
Last 12 months Home Sales
21
Months of Supply
4.60
Median List Price
$62,000
Median Change From 1st List Price
11%
Median Home Sale Price YoY Change
-39%
More About Living in Madison
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