Housing in Madison, IL
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$109,900
Median List Price
N/A
Price Per Sq Ft
$60
Days on Market
377
Active Inventory
8
Months of Supply
8.0
Buyer's market
Zillow Home Value
$54,180
ZHVI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
0.0%
Off Market in 2 Weeks
0.0%
Sale-to-List Ratio
100.0%
Seller's market
Market Activity
Source: RedfinHomes Sold
1
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$60
Madison vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Madison is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$51,200
Median Rent
$1,010
Total Housing Units
1,498
Vacancy Rate
17.3%
Owner Occupied
44.9%
Renter Occupied
55.1%
Median Property Tax
$1,135
per year
Monthly Cost (w/ Mortgage)
$557
Housing Types
The current median sale price in Madison, IL is $109,900 according to Redfin data. Homes spend a median of 377 days on the market. 0.0% of homes sold above asking price. The market has 8.0 months of supply. The median price per square foot is $60. The median rent is $1,010 per month (Census ACS). About 44.9% of housing units are owner-occupied. The median year homes were built is 1954. There are 1,498 total housing units.