From July to September, 9 homes sold in Madison for a median price of $25,000. That's 12.5 percent lower than median home sale prices for the third quarter of 2017.
In the third quarter, there were no foreclosures in Madison.
Median property tax for homeowners in Madison was $1,183.28 in 2017 according to tax data from that year. That means homeowners pay 4.1 percent of their home's value in taxes.
Statewide, Illinois homeowners pay an effective property tax rate of 2.2 percent, according to a 2017 property tax analysis by ATTOM Data Solutions, ranking it second among U.S. states and the District of Columbia.
Madison real estate: Q3 2009-2018
Properties sold
Median sale price
Change in sale price
2009
18
$17,941
-
2010
10
$16,758
-6.6%
2011
10
$22,600
34.9%
2012
13
$13,080
-42.1%
2013
16
$14,712
12.5%
2014
7
$15,286
3.9%
2015
14
$21,200
38.7%
2016
13
$31,500
48.6%
2017
13
$28,560
-9.3%
2018
9
$25,000
-12.5%
Median property tax
Median sale price
Effective property tax rate
2009
$926.64
$17,941
5.2%
2010
$532.47
$16,758
3.2%
2011
$815.99
$22,600
3.6%
2012
$504.05
$13,080
3.9%
2013
$658.41
$14,712
4.5%
2014
$1,037.74
$15,286
6.8%
2015
$848.12
$21,200
4%
2016
$1,126.35
$31,500
3.6%
2017
$1,183.28
$28,560
4.1%
Alerts Sign-up