Madison, MN Foreclosures
How much do homes sell for in Madison, MN?
The average home price is currently $245,421.
In Madison, MN, how many homes are available?
There are currently 1 active home listings available in Madison.
What’s the average rental cost in Madison, MN?
The average rental price in Madison is $959.
What is the most expensive home in Madison?
The most expensive home sold in Madison had a price of $1,790,431.
What is currently the cheapest priced home in Madison, MN?
The cheapest home for sale in Madison is priced at $7,756.
Living in Madison, MN
Madison, MN, is a small, welcoming town known for its tight-knit community and beautiful natural surroundings. Outdoor enthusiasts will appreciate easy access to recreational activities, while families will enjoy local schools and amenities. With a rich agricultural heritage, Madison provides a charming lifestyle with everything you need nearby.
Current Market Conditions in Madison, MN
The real estate market in Madison, MN, is stable, with modest price growth observed in the past year. Homes are generally affordable compared to regional averages, making it an attractive option for first-time buyers and those looking to settle down in a peaceful environment. The inventory is steady, with a mix of historic homes and new developments, catering to diverse buyer preferences.
Current trends show an increasing interest in Madison, as more people seek out smaller towns with a sense of community, particularly in light of remote work opportunities.
Home Value Estimator For Madison, MN
There are currently 1,140 real estate properties
in Madison, MN,
with a median automated valuation model (AVM) price
of $143,578.00. 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, 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, MN,
is $245,421.00, with the most expensive house
in Madison, MN, topping out
at $1,790,431.00 and the cheapest home
in Madison, MN,
clocking in at $7,756.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Madison, MN!
Rent Prices
In Madison, MN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Madison, MN, is on
a rollercoaster ride. The
average rent price in Madison, MN,
is $959.00. Indeed, when looking to rent in
Madison, MN, you can expect to pay as little
as $410.00 or as much
as $1,870.00,
with the average rent median estimated to
be $930.00. The good news is that finding
an affordable and desirable property to rent in Madison, 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.
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