Lake Madison, SD Housing Market
The Lake Madison housing market is not very competitive. The median sale price of a home in Lake Madison was $460K last month, up 36.8% since last year. The median sale price per square foot in Lake Madison is $280, up 6.3% since last year.
Lake Madison Housing Market Trends
since last year
since last year

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How hot is the Lake Madison housing market?
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 12 months
- Multiple offers are rare.
- The average homes sell for about 5% below list price and go pending in around 116 days.
- Hot homescan sell for around list price and go pending in around 32 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 6 months
- Some homes get multiple offers.
- The average homes sell for about 4% below list price and go pending in around 53 days.
- Hot homescan sell for about 1% below list price and go pending in around 27 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Multiple offers are rare.
- The average homes sell for about 4% below list price and go pending in around 60 days.
- Hot homescan sell for around list price and go pending in around 32 days.
Lake Madison Migration & Relocation Trends
View houses in Lake Madison that sold recently
Recently sold homes
- $178,000 Last Sold Price2 beds1 bath1,288 sq ft6519 Hares Dr, Wentworth, SD 57075List Price$184,000Sale to List3% under listDays on Market39 days6519 Hares Dr, Wentworth, SD 57075
- $681,500 Last Sold Price4 beds2.5 baths1,840 sq ft6616 Peninsula Pt, Wentworth, SD 57075List Price$699,900Sale to List3% under listDays on Market32 days6616 Peninsula Pt, Wentworth, SD 57075
- $238,500 Last Sold Price3 beds0.5 baths1,248 sq ft100 Silver Creek Dr, Wentworth, SD 57075List Price$239,900Sale to List1% under listDays on Market59 days100 Silver Creek Dr, Wentworth, SD 57075
- $1,020,000 Last Sold Price4 beds3.5 baths3,807 sq ft110 Linden Dr, Madison, SD 57042List Price$1,050,000Sale to List3% under listDays on Market86 days110 Linden Dr, Madison, SD 57042
- $424,900 Last Sold Price3 beds2 baths1,241 sq ft6529 Nordstrom Trl, Wentworth, SD 57075List Price$424,900Sale to List0% over listDays on Market48 days6529 Nordstrom Trl, Wentworth, SD 57075
- $530,000 Last Sold Price4 beds3.5 baths2,898 sq ft116 Lake Ridge Dr, Wentworth, SD 57075List Price$559,900Sale to List5% under listDays on Market71 days116 Lake Ridge Dr, Wentworth, SD 57075
- $485,000 Last Sold Price3 beds2 baths1,012 sq ft6721 Wentworth Park Dr, Wentworth, SD 57075List Price$495,000Sale to List2% under listDays on Market45 days6721 Wentworth Park Dr, Wentworth, SD 57075
- $680,000 Last Sold Price4 beds2.5 baths2,594 sq ft404 Linden Dr, Madison, SD 57042List Price$700,000Sale to List3% under listDays on Market84 days404 Linden Dr, Madison, SD 57042
See all recently sold homes in Lake Madison.
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Schools in Lake Madison
- Elementary
- Middle
- High
GreatSchools Rating
No elementary schools in this region.
Climate's impact on Lake Madison housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Lake Madison.
Flood Factor - Minor
Flood Factor

Fire Factor - Moderate
Fire Factor

Wind Factor - Minor
Wind Factor

Heat Factor - Minor
Heat Factor

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