From January through December of 2017, there were 37 homes sold, with a median sale price of $20,000 - a 33.3% increase over the $15,000 median sale price for the previous year. There were 45 homes sold in Madison in 2016.
The median sales tax in Madison for 2017 was $716. In 2016, the median sales tax was $710. This marks an increase of 0.8%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 3.6%.
The following table compares Madison to other Madison County cities with similar median sales prices in 2017:
| City | Jan. - Dec. 2017 Home Sales | Jan. - Dec. 2016 Home Sales | % change (Total Home Sales) | Jan. - Dec. 2017 Median Sales Price | Jan. - Dec. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Roxana | 25 | 24 | 4.2% | $62,490 | $51,500 | 21.3% |
| Granite City | 611 | 633 | -3.5% | $55,000 | $55,000 | 0% |
| New Douglas | 12 | 6 | 100% | $51,450 | $140,000 | -63.3% |
| Livingston | 21 | 12 | 75% | $46,000 | $42,500 | 8.2% |
| Meadowbrook | 10 | 12 | -16.7% | $45,005.50 | $75,000 | -40% |
| Hartford | 20 | 25 | -20% | $43,250 | $35,000 | 23.6% |
| South Roxana | 21 | 28 | -25% | $27,000 | $36,750 | -26.5% |
| Venice | 6 | 3 | 100% | $20,450 | $9,000 | 127.2% |
| Madison | 37 | 45 | -17.8% | $20,000 | $15,000 | 33.3% |
| Forest Homes | 4 | 5 | -20% | $12,500 | $23,000 | -45.7% |
| State Park Place | 5 | 2 | 150% | $12,000 | $45,300 | -73.5% |
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