As-is Deals in Madison, SD

Current Market Conditions in Madison, SD

As of late 2023, Madison's real estate market remains competitive, primarily driven by its desirable location near recreational lakes and educational institutions. Listings have seen a steady increase in demand, as both young professionals and families seek the charm of small-town life along with city conveniences.

The current trend in Madison indicates a growing interest from buyers looking for more spacious homes, especially as remote work becomes more prevalent. The market is shifting towards favoring sellers, as available inventory remains limited, leading to multiple offer situations and rising home prices.

Rent Prices In Madison, SD

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Madison, SD, is on a rollercoaster ride. The average rent price in Madison, SD, is $1,142.00. Indeed, when looking to rent in Madison, SD, you can expect to pay as little as $620.00 or as much as $2,380.00, with the average rent median estimated to be $1,090.00. The good news is that finding an affordable and desirable property to rent in Madison, SD -- 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.