Housing Prices in Madison, SD

How much do homes in Madison, SD cost?

Median List Price

$334,900

$156/sqft

Based on all homes listed in April 2024.

Difference Since Last Month

-$24,950(-6.9%)

Key Takeaway

The list price of homes in Madison has decreased by 6.9% since March.

Summary: The median home list price in Madison was $334,900 in April 2024, down 6.9% from the previous month, and the median price per square foot was $156.

Median List Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 $309.9K$309.9K
0.0%
3 $269.9K$326.3K
+20.9%
4 $794.9K$511.8K
-35.6%
5+ $1.3M$442.4K
-66.6%

Summary: Madison housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 20.9%, 4 bedroom homes decreased by 35.6%, and 5+ bedroom homes decreased by 66.6%.

Median List Price Compared To Nearby Cities

Lake View Township
0.0%
Madison
-6.9%

Housing Supply in Madison, SD

How many homes are available in Madison, SD?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1829+61.1%

Summary: The Madison real estate market had 29 homes for sale in April 2024, a 61.1% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 35
+66.7%
3 58
+60.0%
4 812
+50.0%
5+ 24
+100.0%

Summary: The Madison housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 60%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.

Days on Market for Madison, SD

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

Average Listing Age

Mar 2024Apr 2024CHANGE
62 Days63 Days+1.2%

Summary: Homes in Madison had an average listing age of 63 days in Apr 2024, up by 1.2% compared to the previous month.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 9 Days Ago

Newest Listings in Madison, SD

Nearby Markets to Madison, SD