Housing Prices in Madison, SD

How much do homes in Madison, SD cost?

Median List Price

$329,900

$187/sqft

Based on all homes listed in May 2024.

Difference Since Last Month

-$20,450(-5.8%)

Key Takeaway

The list price of homes in Madison has decreased by 5.8% since April.

Summary: The median home list price in Madison was $329,900 in May 2024, down 5.8% from the previous month, and the median price per square foot was $187.

Median List Price By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 --
N/A
2 $309.9K$274.9K
-11.3%
3 $365.8K$374.3K
+2.3%
4 $506.8K$356.8K
-29.6%
5+ $442.4K$469K
+6.0%

Summary: Madison housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 11.3%, 3 bedroom homes increased by 2.3%, 4 bedroom homes decreased by 29.6%, and 5+ bedroom homes increased by 6%.

Median List Price Compared To Nearby Cities

Lake View Township
0%
Madison
-5.8%

Housing Supply in Madison, SD

How many homes are available in Madison, SD?

Number of Homes For Sale

Apr 2024May 2024CHANGE
2233+50.0%

Summary: The Madison real estate market had 33 homes for sale in May 2024, a 50.0% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 36
+100.0%
3 58
+60.0%
4 1014
+40.0%
5+ 45
+25.0%

Summary: The Madison housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 60%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 25%.

Days on Market for Madison, SD

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

Average Listing Age

Apr 2024May 2024CHANGE
57 Days63 Days+9.5%

Summary: Homes in Madison had an average listing age of 63 days in May 2024, up by 9.5% compared to the previous month.

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

Report Updated 1 Day Ago

Newest Listings in Madison, SD

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