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.
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 36% from the median home sale price over the previous 12 months.
Median Sale Price
$48,000
Median Single Family Sale Price
$58,000
Median Townhouse Sale Price
$18,250
Average Price Per Sq Ft
$55
Number of Homes for Sale
7
Last 12 months Home Sales
21
Median List Price
$63,250
Median Change From 1st List Price
11%
Median Home Sale Price YoY Change
-36%