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Foreclosures in Madison, SD

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Madison, SD Foreclosures

Current Market Conditions in in Madison, SD As of March 2026?
In the past month, Madison's real estate market has remained stable, with a slight increase in new listings and an uptick in buyer interest. Homes are still selling relatively quickly, typically within a few weeks of hitting the market. This month showed a 3% increase in closed sales compared to the previous month, indicating a positive trend as the fall season approaches.
How much do homes sell for in Madison, SD?
The average home price is currently $310,519.
In Madison, SD, how many homes are available?
There are currently 1 active home listings available in Madison.
What’s the average rental cost in Madison, SD?
The average rental price in Madison is $1,142.
What is the most expensive home in Madison?
The most expensive home sold in Madison had a price of $8,241,866.
What is currently the cheapest priced home in Madison, SD?
The cheapest home for sale in Madison is priced at $27,140.

Living in Madison, SD

Madison, SD is a charming small town that blends rich cultural history with modern amenities. Residents enjoy access to beautiful parks, a lively downtown with local shops, and a strong sense of community. Its excellent educational institutions further enhance the living experience in this picturesque city.

Buyer vs Seller Market in Madison, SD

Madison's real estate market has seen steady growth in recent years, with a balance of affordable housing options and attractive properties for families. The market is characterized by a mix of single-family homes, condos, and traditional properties, appealing to a wide range of buyers.

The demand for homes in Madison has increased as more people seek the charm of small-town living, driving competition for listings. Average home prices have risen slightly but remain reasonable compared to national averages, making it a viable option for first-time buyers.

Home Value Estimator For Madison, SD

There are currently 3,090 real estate properties in Madison, SD, with a median automated valuation model (AVM) price of $244,504.00. 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, SD, 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, SD, is $310,519.00, with the most expensive house in Madison, SD, topping out at $8,241,866.00 and the cheapest home in Madison, SD, clocking in at $27,140.00. In other words, there’s something for every potential homebuyer or savvy investor in Madison, SD!

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.

Madison, SD Foreclosures


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