From October to December, 11 homes sold in Madison for a median price of $24,500. That's 51.1 percent higher than median home sale prices for the fourth quarter of 2017.
In the fourth quarter, there were no foreclosures in Madison.
Median property tax for homeowners in Madison was $1,162.43 in 2017 according to tax data from that year. That means homeowners pay 7.2 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: Q4 2009-2018
Properties sold
Median sale price
Change in sale price
2009
16
$42,647
-
2010
11
$15,675
-63.2%
2011
14
$17,515
11.7%
2012
7
$11,445
-34.7%
2013
12
$16,470
43.9%
2014
6
$16,430
-0.2%
2015
12
$22,790
38.7%
2016
5
$12,600
-44.7%
2017
11
$16,218
28.7%
2018
11
$24,500
51.1%
Median property tax
Median sale price
Effective property tax rate
2009
$636.17
$42,647
1.5%
2010
$1,117.97
$15,675
7.1%
2011
$1,300.94
$17,515
7.4%
2012
$884.60
$11,445
7.7%
2013
$1,117.73
$16,470
6.8%
2014
$1,455.27
$16,430
8.9%
2015
$1,213.86
$22,790
5.3%
2016
$793.71
$12,600
6.3%
2017
$1,162.43
$16,218
7.2%
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