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
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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $309.9K | $274.9K | -11.3% |
3 Bedrooms | $365.8K | $374.3K | +2.3% |
4 Bedrooms | $506.8K | $356.8K | -29.6% |
5+ Bedrooms | $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 | $949.9K | $949.9K | 0% |
Madison | $350.3K | $329.9K | -5.8% |
Housing Supply in Madison, SD
How many homes are available in Madison, SD?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
22 | 33 | +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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 6 | +100.0% |
3 Bedrooms | 5 | 8 | +60.0% |
4 Bedrooms | 10 | 14 | +40.0% |
5+ Bedrooms | 4 | 5 | +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 2024 | May 2024 | CHANGE |
---|---|---|
57 Days | 63 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.