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Foreclosure Homes in Madelia, MN

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Madelia, MN Foreclosures

How much do homes sell for in Madelia, MN?
The average home price is currently $271,662.
In Madelia, MN, how many homes are available?
There are currently 5 active home listings available in Madelia.
What’s the average rental cost in Madelia, MN?
The average rental price in Madelia is $1,327.
What is the most expensive home in Madelia?
The most expensive home sold in Madelia had a price of $2,924,841.
What is currently the cheapest priced home in Madelia, MN?
The cheapest home for sale in Madelia is priced at $12,519.

Living in Madelia, MN

Madelia is a charming small town located in southern Minnesota, known for its friendly community and rich agricultural heritage. With a population of around 2,300, it offers a peaceful lifestyle surrounded by beautiful landscapes and recreational options. The town boasts a historic downtown area with local shops, parks, and easy access to trails, making it perfect for families and retirees alike.

Current Market Conditions in Madelia, MN

The real estate market in Madelia has been relatively stable, characterized by modest price movements and low inventory levels. Over the past few months, many homes have been received with multiple offers due to the demand for single-family residences, particularly among young families and retirees looking for a quiet lifestyle.

Recent trends suggest an increase in property values as more individuals discover the charm of small-town living. The market remains attractive for buyers, with competitive prices compared to larger cities nearby, making it a favorable location for investment.

Home Value Estimator For Madelia, MN

There are currently 1,046 real estate properties in Madelia, MN, with a median automated valuation model (AVM) price of $201,686.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Madelia, MN, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Madelia, MN, is $271,662.00, with the most expensive house in Madelia, MN, topping out at $2,924,841.00 and the cheapest home in Madelia, MN, clocking in at $12,519.00. In other words, there’s something for every potential homebuyer or savvy investor in Madelia, MN!

Rent Prices In Madelia, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Madelia, MN, is on a rollercoaster ride. The average rent price in Madelia, MN, is $1,327.00. Indeed, when looking to rent in Madelia, MN, you can expect to pay as little as $640.00 or as much as $3,020.00, with the average rent median estimated to be $1,270.00. The good news is that finding an affordable and desirable property to rent in Madelia, MN -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Madelia, MN Foreclosures

Market Trend for Madelia, MN

Total Listings Available: 5

Market Values:

Home Prices from $12,519 to $2,924,841

Average Sales Price: $271,662

Rental Values:

Rental from $640 to $3,020

Average Rent Value: $1,327 / month

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