Madison Housing Market Report March 2025•Lake County, South Dakota

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Housing Prices in Madison, SD

How much do homes in Madison, SD cost?

Median List Price

Median List Price
This is the middle price for which all homes in a given area are listed. Half of all the homes sold were below this price, and half were above.
$299,800$158/SqFt
+$27,800
+10.2%

Based on all homes listed in March 2025

Insight

The list price of homes in Madison has increased by 10.2% since February.

Summary: The median home list price in Madison was $299,800 in March 2025, up 10.2% from the previous month, and the median price per square foot was $158.

Median List Price By Cities

Median List Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange MoM
Madison
+10.2%
Lake View Township
0.0%
Herman Township
0.0%

Median List Price By Bedrooms

Median List Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsFeb 2025Mar 2025Change MoM
1--
N/A
2$263.9K$263.9K
0.0%
3$229.9K$252.4K
+9.8%
4$339.8K$379.9K
+11.8%
5$265.9K$265.9K
0.0%

Summary: Madison housing price by bedroom type for March 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 increased by +9.8%. The home price for 4 bedroom homes increased by +11.8%. 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

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
33Last MonthMar 2025
212 months agoFeb 2025
+57.1 %
Change MoMFeb – Mar

Summary: The Madison real estate market had 33 homes for sale in Mar 2025, a 57.1 % increase compared to Feb 2025.

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsFeb 2025Mar 2025Change MoM
100
0.0%
266
0.0%
358
+60.0%
4613
+116.7%
546
+50.0%

Summary: Madison housing inventory by bedroom type for March 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes increased by +60.0%. The inventory for 4 bedroom homes increased by +116.7%. The inventory for 5 bedroom homes increased by +50.0%.

Days on Market for Madison, SD

How long does it take to sell a home in Madison, SD?

Average Listing Age

Average Listing Age
This is the average number of days an active home has been on the market.
Last Month1 month agoChange MoM
66 DaysLast MonthMar 2025
63 Days1 month agoFeb 2025
+4.6 %
Change MoMFeb – Mar

Summary: Homes in Madison had an average listing age of 66 days in Mar 2025, up by 4.6% compared to the previous month.

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Newest Listings in Madison, SD

What homes are available in Madison, SD?

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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 02/01/2025 - 04/01/2025

IDXThe 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.
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©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: 4/16/2025, 12:55:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.