The median sale price of a home sold in the second half of 2021 in Madison in Madison County rose by $13,748 while total sales increased by 366.7%, according to BlockShopper.com.
From July through December of 2021, there were 28 homes sold, with a median sale price of $24,998 – a 122.2% increase over the $11,250 median sale price for the same period of the previous year. There were six homes sold in Madison in the second half of 2020.
The median sales tax in Madison for the most recent year with available data, 2018, was $768, approximately 3.1% of the median home sale price for the second half of 2021.
The following table compares Madison to other Madison County cities with similar median sale prices in the second half of 2021:
| City | July – Dec. 2021 Home Sales | July – Dec. 2020 Home Sales | % change (Total Home Sales) | July – Dec. 2021 Median Sales Price | July – Dec. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Alton | 303 | 129 | 134.9% | $77,000 | $61,000 | 26.2% |
| East Alton | 91 | 31 | 193.5% | $75,000 | $69,900 | 7.3% |
| Roxana | 20 | 10 | 100% | $67,500 | $37,750 | 78.8% |
| Meadowbrook | 4 | 1 | 300% | $59,950 | $97,000 | -38.2% |
| State Park Place | 2 | 4 | -50% | $53,000 | $26,000 | 103.8% |
| New Douglas | 5 | 6 | -16.7% | $45,000 | $86,674 | -48.1% |
| Hartford | 11 | 5 | 120% | $40,000 | $25,250 | 58.4% |
| South Roxana | 12 | 7 | 71.4% | $31,000 | $45,000 | -31.1% |
| Madison | 28 | 6 | 366.7% | $24,997.50 | $11,250 | 122.2% |
| Forest Homes | 4 | 2 | 100% | $24,000 | $5,750 | 317.4% |
| Venice | 4 | 1 | 300% | $14,250 | $20,000 | -28.8% |
* This story only considers sales data for the part of Madison that is in Madison County.
