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MADISON, IL 62060

Real Estate Market Report  ·  Madison County
Seller's Market
April 2026  ·  Source: Realtor.com

Market Analysis

Data as of April 2026. Source: Realtor.com.

The MADISON, IL real estate market (62060) currently shows 9 active listings, with 5 pending sales. Homes are averaging 61 days on the market before going under contract.

Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 61 days on market compared to 80 days last year.

The median listing price has risen 155.5% year-over-year, from $43,050 to $109,975.

Whether you are buying or selling in MADISON, IL, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 3,534  ·  Density: 386.3/mi²  ·  Median household income: $32,330

Typical home value: $60,987  ·  Homeownership: 52.1%

Market Overview

Active Listings
9
⇩ 10% vs 10 last year
Pending
5
56% pending ratio
Median Price
$109,975
⇧ 155.5% vs $43,050 last year
Average Price
$103,933
⇧ 97% vs $52,750 last year
Days on Market
61
⇩ 23.8% vs 80 days last year

Price Per Square Foot

Median $/sqft
$89
⇧ 161.8% vs $34/sqft last year
Median Home Size
982 sqft
Typical listing size
12-Month $/sqft Trend

Sale-to-List Price Dynamics

At Original Price
99%
Listings with no price change
Price Reduced
1%
12-Month Price Reduction Trend

Based on listing price changes before sale/pending as a proxy for sale-to-list dynamics. Source: Realtor.com.

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 9 this year vs 10 last year
  • Days on market: 61 now vs 80 last year

Median & Average Pricing

Year over Year
  • Median: $109,975 (+155.5% YoY)
  • Average: $103,933 (+97% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 7.6 miles — 481 listings ($93,285,260 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
62060Madison, IL 620600.0 mi9$888,993$103,675$98,777
62201East Saint Louis, IL 622012.8 mi3$52,500$17,500$17,500
63107Saint Louis, MO 631073.6 mi21$2,324,049$85,000$110,669
63147Saint Louis, MO 631473.9 mi28$2,326,632$77,500$83,094
63101Saint Louis, MO 631014.0 mi23$5,683,185$201,175$247,095
63103Saint Louis, MO 631035.0 mi47$8,390,769$159,925$178,527
62205East Saint Louis, IL 622055.4 mi16$410,256$18,000$25,641
63104Saint Louis, MO 631045.8 mi80$31,530,000$332,425$394,125
63137Saint Louis, MO 631376.2 mi119$12,601,267$100,000$105,893
62203East Saint Louis, IL 622036.4 mi12$474,516$35,000$39,543
62207East Saint Louis, IL 622076.6 mi12$635,856$30,000$52,988
63110Saint Louis, MO 631107.4 mi32$22,379,488$399,250$699,359
62206East Saint Louis, IL 622067.6 mi79$5,587,749$75,000$70,731

Frequently Asked Questions

How many homes are for sale in MADISON, IL 62060?

As of April 2026, there are 9 active listings in MADISON, IL (zip code 62060), compared to 10 the prior year.

What is the median home price in MADISON, IL 62060?

The median listing price in MADISON, IL 62060 is $109,975 as of April 2026, a 155.5% increase from $43,050 the prior year.

How long do homes stay on the market in MADISON, IL?

Homes in MADISON, IL 62060 spend an average of 61 days on the market before going under contract, compared to 80 days the prior year.

Is it a seller's or buyer's market in MADISON, IL 62060?

Based on current inventory and days-on-market data as of April 2026, MADISON, IL 62060 is currently a Seller's Market. Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 61 days on market compared to 80 days last year.

How much can I save on real estate commission in MADISON, IL?

With SELL123.com's maximum 3% commission, sellers in MADISON, IL 62060 save an estimated $2,200 compared to a typical 5% commission on the median listing price of $109,975. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.