8 hours on Rocket
$1,532 Closing Credit¹
#22504682, Lori Hansen, Listing office: Signature Realty Group LLC
Madison Housing Market Report May 2025•Lake County, South Dakota
Housing Prices in Madison, SD
How much do homes in Madison, SD cost?
Median List Price
$326,750$169/SqFt
-$22,250
-6.4%
Based on all homes listed in May 2025
Insight
The list price of homes in Madison has decreased by 6.4% since April.
Summary: The median home list price in Madison was $326,750 in May 2025, down 6.4% from the previous month, and the median price per square foot was $169.
Median List Price By Cities
| City | Apr 2025 | May 2025 | Change MoM |
|---|---|---|---|
| Herman Township | $539.9K | $539.9K | 0.0% |
| Lake View Township | $839.9K | $789.9K | -6.0% |
| Madison | $349K | $326.7K | -6.4% |
Median List Price By Bedrooms
| Beds | Apr 2025 | May 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | - | - | N/A |
| 22 Bedrooms | $254.9K | $254.9K | 0.0% |
| 33 Bedrooms | $371.7K | $344.2K | -7.4% |
| 44 Bedrooms | $472.4K | $399.9K | -15.4% |
| 55+ Bedrooms | $409.9K | $409.9K | 0.0% |
Summary: Madison housing price by bedroom type for May 2025, compared to the previous month. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes decreased by -7.4%. The home price for 4 bedroom homes decreased by -15.4%. The home price for 5 bedroom homes did not change.
How does Madison, SD compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
Madison, SD
Housing supply in Madison, SD
How many homes are available in Madison, SD?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 38Last MonthMay 2025 | ||
| 212 months agoApr 2025 | +81.0 % Change MoMApr – May |
Summary: The Madison real estate market had 38 homes for sale in May 2025, a 81.0 % increase compared to Apr 2025.
Homes For Sale By Bedroom Count
| Beds | Apr 2025 | May 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 4 | 8 | +100.0% |
| 33 Bedrooms | 4 | 10 | +150.0% |
| 44 Bedrooms | 8 | 15 | +87.5% |
| 55+ Bedrooms | 5 | 5 | 0.0% |
Summary: Madison housing inventory by bedroom type for May 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +100.0%. The inventory for 3 bedroom homes increased by +150.0%. The inventory for 4 bedroom homes increased by +87.5%. The inventory for 5 bedroom homes remained the same.
Days on Market for Madison, SD
How long does it take to sell a home in Madison, SD?
Average Listing Age
| Last Month | 1 month ago | Change MoM |
|---|---|---|
| 47 DaysLast MonthMay 2025 | ||
| 41 Days1 month agoApr 2025 | +13.4 % Change MoMApr – May |
Summary: Homes in Madison had an average listing age of 47 days in May 2025, up by 13.4% compared to the previous month.
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Newest Listings in Madison, SD
What homes are available in Madison, SD?
9 hours on Rocket
$2,849 Closing Credit¹
#22504679, Annie Welsh, Listing office: Berkshire Hathaway HomeServices Midwest Realty - Sioux Falls
11 hours on Rocket
$3,443 Closing Credit¹
#22504664, Sarah Cronin, Listing office: Signature Realty Group LLC
1 day on Rocket
$1,395 Closing Credit¹
#22504627, Julie Jones, Listing office: Signature Realty Group LLC
2 days on Rocket
$3,027 Closing Credit¹
#22504582, Angela Peters, Listing office: EXIT Realty Advantage
2 days on Rocket
$1,899 Closing Credit¹
#22504561, Rick Trapp, Listing office: eXp Realty
$2,132 Closing Credit¹
#22504463, Ron Weber, Listing office: Hegg, REALTORS
$2,345 Closing Credit¹
#22504436, Angela Peters, Listing office: EXIT Realty Advantage
$5,641 Closing Credit¹
#22504380, Adam Foland, Listing office: EXIT Realty Advantage
$7,718 Closing Credit¹
#22504374, Brenda Thompson, Listing office: Signature Realty Group LLC
Tour
$7,944 Closing Credit¹
#22504085, Justin Garry, Listing office: Hegg, REALTORS
$2,789 Closing Credit¹
#22504019, Brad Benson, Listing office: Signature Realty Group LLC
Nearby markets
Nearby markets aren't available for Madison, SD
Popular Cities with Homes for Sale in South Dakota
MLS Disclaimers and Copyright
Based on information from Sioux Empire MLS, for the period 04/01/2025 - 06/01/2025
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the REALTOR® Association of the Sioux Empire, Inc., Multiple Listing Service. Real estate listings held by other brokerage firms are marked with the Internet Data Exchange™ logo or the Internet Data Exchange thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The broker(s) providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. The REALTOR® Association of the Sioux Empire, Inc. does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. 
©2025 REALTOR® Association of the Sioux Empire, Inc. Multiple Listing Service. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/19/2025, 10:45:28 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.