Madison, IL housing market
The typical Madison home is worth about $56,000, down 8.6% in a year, 81% below the Illinois typical home.
Home values, sales, trends and how Madison compares with the towns next door — updated as new data is published.
Madison at a glance
Only 2 sales in May 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Typical home value, 2016–2026
Show as a table
| January | Madison | Illinois |
|---|---|---|
| 2017 | $29,000 | $181,000 |
| 2018 | $31,000 | $190,000 |
| 2019 | $35,000 | $195,000 |
| 2020 | $35,000 | $200,000 |
| 2021 | $43,000 | $215,000 |
| 2022 | $47,000 | $236,000 |
| 2023 | $48,000 | $248,000 |
| 2024 | $54,000 | $263,000 |
| 2025 | $56,000 | $278,000 |
| 2026 | $59,000 | $290,000 |
| August 2026 | $56,000 | $298,000 |
Madison and its neighbors
| Town | Typical value | 1-yr change | Days on market | Median income |
|---|---|---|---|---|
| Madison | $56K | −8.6% | — | $49,326 |
| Granite City | — | — | 51 | $59,205 |
| Granite City | $117K | +3% | — | $58,559 |
| Fairmont City | $67K | −2.4% | — | $48,147 |
| Venice | — | — | — | $32,066 |
| Venice | $35K | +3.3% | — | $44,117 |
| Pontoon Beach | $195K | +5.3% | 38 | $62,861 |
1.1 years of income
The typical Madison home costs about 1.1 years of the town's median household income, less than across Illinois (3.6 years).
How Madison ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Listings link to their publishers.