Is Madison, IL 62060 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Madison is a seller’s market. With about 2.1 months of supply and 17% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Months of supply2.1Under 4 months = seller’s market

Sold above original list16.7%Share of sales, last 3 months

Median sale-to-list96.4%Sold price ÷ list price

Median days on market81Listing to accepted offer

Median price per sq ft$71▲ +34.1% vs. last year

Run the numbers for 62060

Prefilled for 62060Can I win this house?Multiple-offer likelihood for a listing Prefilled for 62060Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Alhambra 62001Seller’s market $118 /sq ft Alton 62002Seller’s market $107 /sq ft Bethalto 62010Seller’s market $141 /sq ft Collinsville 62234Seller’s market $127 /sq ft Browse all markets →

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology