New - 23 hours on Rocket
$7,124 Closing Credit¹
#22501576, Adam Foland, Listing Office: EXIT Realty Advantage
Madison Housing Market Report February 2025•Lake County, South Dakota
Housing Prices in Madison, SD
How much do homes in Madison, SD cost?
Median List Price
$299,800$182/SqFt
+$24,900
+9.1%
Based on all homes listed in February 2025
Insight
The list price of homes in Madison has increased by 9.1% since January.
Summary: The median home list price in Madison was $299,800 in February 2025, up 9.1% from the previous month, and the median price per square foot was $182.
Median List Price By Cities
| City | Jan 2025 | Feb 2025 | Change MoM |
|---|---|---|---|
| Herman Township | $60K | $377.5K | +529.2% |
| Madison | $274.9K | $299.8K | +9.1% |
| Lake View Township | $699.9K | $699.9K | 0.0% |
Median List Price By Bedrooms
| Beds | Jan 2025 | Feb 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | - | - | N/A |
| 22 Bedrooms | $292.4K | $284.9K | -2.6% |
| 33 Bedrooms | $229.9K | $264.9K | +15.2% |
| 44 Bedrooms | $379K | $379.4K | 0.1% |
| 55+ Bedrooms | $272K | $360.9K | +32.7% |
Summary: Madison housing price by bedroom type for February 2025, compared to the previous month. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes decreased by -2.6%. The home price for 3 bedroom homes increased by +15.2%. The home price for 4 bedroom homes increased by 0.1%. The home price for 5 bedroom homes increased by +32.7%.
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 |
|---|---|---|
| 29Last MonthFeb 2025 | ||
| 192 months agoJan 2025 | +52.6 % Change MoMJan – Feb |
Summary: The Madison real estate market had 29 homes for sale in Feb 2025, a 52.6 % increase compared to Jan 2025.
Homes For Sale By Bedroom Count
| Beds | Jan 2025 | Feb 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 4 | 7 | +75.0% |
| 33 Bedrooms | 5 | 8 | +60.0% |
| 44 Bedrooms | 7 | 10 | +42.9% |
| 55+ Bedrooms | 3 | 4 | +33.3% |
Summary: Madison housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +75.0%. The inventory for 3 bedroom homes increased by +60.0%. The inventory for 4 bedroom homes increased by +42.9%. The inventory for 5 bedroom homes increased by +33.3%.
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 |
|---|---|---|
| 63 DaysLast MonthFeb 2025 | ||
| 60 Days1 month agoJan 2025 | +6.5 % Change MoMJan – Feb |
Summary: Homes in Madison had an average listing age of 63 days in Feb 2025, up by 6.5% compared to the previous month.
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Newest Listings in Madison, SD
What homes are available in Madison, SD?
New - 2 days on Rocket
$7,361 Closing Credit¹
#22501544, Travis LaQua, Listing Office: Hegg, REALTORS
New - 7 days on Rocket
#22501434, Brad Benson, Listing Office: Signature Realty Group LLC
New - 7 days on Rocket
#22501429, Brad Benson, Listing Office: Signature Realty Group LLC
New - 7 days on Rocket
$4,036 Closing Credit¹
#22501405, Adam Foland, Listing Office: EXIT Realty Advantage
Backup offers
$3,978 Closing Credit¹
#22501391, Sarah Cronin, Listing Office: Signature Realty Group LLC
$3,205 Closing Credit¹
#22501386, Jessica Walter, Listing Office: Keller Williams Realty Sioux Falls
$5,047 Closing Credit¹
#22501315, Matthew Fisher, Listing Office: Keller Williams Realty Sioux Falls
$4,038 Closing Credit¹
#22501236, Dave Larson, Listing Office: Hegg, REALTORS
$2,018 Closing Credit¹
#22501144, Miranda Krumm, Listing Office: Signature Realty Group LLC
Backup offers
$3,563 Closing Credit¹
#22501134, Mike Niemeyer, Listing Office: Hegg, REALTORS
Backup offers
$2,018 Closing Credit¹
#22501073, Brandon Burg, 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 01/01/2025 - 03/01/2025
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: 3/11/2025, 9:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.