Madison Lake, MN Foreclosures
How much do homes sell for in Madison Lake, MN?
The average home price is currently $500,464.
What’s the average rental cost in Madison Lake, MN?
The average rental price in Madison Lake is $1,723.
What is the most expensive home in Madison Lake?
The most expensive home sold in Madison Lake had a price of $4,579,010.
What is currently the cheapest priced home in Madison Lake, MN?
The cheapest home for sale in Madison Lake is priced at $38,980.
Living in Madison Lake, MN
Madison Lake is a serene community located in southern Minnesota, known for its peaceful lakefront living and friendly small-town atmosphere. The area offers a variety of outdoor activities, including fishing, boating, and hiking, thanks to its picturesque natural surroundings. Residents enjoy a close-knit community feel, with access to local shops, parks, and quality schools.
Current Market Conditions in Madison Lake, MN
The real estate market in Madison Lake, MN, is currently experiencing a healthy demand, with an upward trend in property values over the past year. The area has attracted homebuyers looking for spacious, affordable properties near recreational areas. Given its appeal as a picturesque and friendly community, Madison Lake continues to see interest from both families and retirees, making it a competitive market for listings.
Houses in Madison Lake have shown resilience even during the fluctuating market conditions, with many listings receiving multiple offers shortly after hitting the market. The demand for homeownership in lakeside properties has led to a decrease in available inventory, pushing prices slightly higher.
Overall, Madison Lake remains an appealing option for those seeking a small-town lifestyle with the perks of local amenities and outdoor activities.
Home Value Estimator For Madison Lake, MN
There are currently 1,596 real estate properties
in Madison Lake, MN,
with a median automated valuation model (AVM) price
of $415,243.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Madison Lake, 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 Madison Lake, MN,
is $500,464.00, with the most expensive house
in Madison Lake, MN, topping out
at $4,579,010.00 and the cheapest home
in Madison Lake, MN,
clocking in at $38,980.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Madison Lake, MN!
Rent Prices
In Madison Lake, MN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Madison Lake, MN, is on
a rollercoaster ride. The
average rent price in Madison Lake, MN,
is $1,723.00. Indeed, when looking to rent in
Madison Lake, MN, you can expect to pay as little
as $760.00 or as much
as $3,640.00,
with the average rent median estimated to
be $1,590.00. The good news is that finding
an affordable and desirable property to rent in Madison Lake, 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.
Learn more on Foreclosure homes
