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
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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $309.9K | $309.9K | 0.0% |
3 Bedrooms | $269.9K | $326.3K | +20.9% |
4 Bedrooms | $794.9K | $511.8K | -35.6% |
5+ Bedrooms | $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 | $949.9K | $949.9K | 0.0% |
Madison | $359.8K | $334.9K | -6.9% |
Housing Supply in Madison, SD
How many homes are available in Madison, SD?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
18 | 29 | +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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 5 | +66.7% |
3 Bedrooms | 5 | 8 | +60.0% |
4 Bedrooms | 8 | 12 | +50.0% |
5+ Bedrooms | 2 | 4 | +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 2024 | Apr 2024 | CHANGE |
---|---|---|
62 Days | 63 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.