Lake Madison, SD Housing Market

Homes for sale

The Lake Madison housing market is not very competitive. The median sale price of a home in Lake Madison was $270K last month, down 49.5% since last year. The median sale price per square foot in Lake Madison is $223, down 24.4% since last year.

Trends
Demand
Migration
Schools
Climate

Lake Madison Housing Market Trends

What is the housing market like in Lake Madison today?

$270K

Sale Price

-49.5%
since last year

$223

Sale $/Sq. Ft.

-24.4%
since last year

Under List Price

4.9%

Days on Market

116

Down Payment

—

Total Homes Sold

To compare other locations to the Lake Madison and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Lake Madison add value to a home.

How hot is the Lake Madison housing market?

Lake Madison is not very competitive. Homes sell in 116 days.

100

Not Very Competitive

Multiple offers are rare.
The average homes sell for about 5% below list price and go pending in around 116 days.
Hot homes
can sell for around list price and go pending in around 32 days.

Compare With Nearby Cities

Madison

100

Somewhat Competitive

Some homes get multiple offers.
The average homes sell for about 2% below list price and go pending in around 54 days.
Hot homes
can sell for around list price and go pending in around 37 days.

Baltic

100

Somewhat Competitive

Some homes get multiple offers.
The average homes sell for about 2% below list price and go pending in around 45 days.
Hot homes
can sell for around list price and go pending in around 34 days.

See more nearby cities and neighborhoods

Lake Madison Migration & Relocation Trends

No data on migration and relocation available in this area right now

Learn about migration trends in nearby cities

View houses in Lake Madison that sold recently

Recently sold homes

SOLD NOV 22, 2024
$270,000 Last Sold Price
2 beds
2 baths
1,208 sq ft
5011 Sunset Blvd, Madison, SD 57042
List Price
$279,900
Sale to List
4% under list
Days on Market
64 days
5011 Sunset Blvd, Madison, SD 57042
SOLD NOV 12, 2024
$71,500 Last Sold Price
—beds
—baths
—sq ft
TBD Nordstrom Trl, Wentworth, SD 57075
List Price
$75,000
Sale to List
5% under list
Days on Market
55 days
TBD Nordstrom Trl, Wentworth, SD 57075
SOLD OCT 18, 2024
VIDEO TOUR
$580,000 Last Sold Price
4 beds
3.5 baths
2,435 sq ft
6015 Sunset Blvd, Madison, SD 57042
List Price
$609,900
Sale to List
5% under list
Days on Market
227 days
6015 Sunset Blvd, Madison, SD 57042
SOLD OCT 17, 2024
$63,000 Last Sold Price
3 beds
2 baths
1,280 sq ft
6790 461st Ave #23, Wentworth, SD 57075
List Price
$68,000
Sale to List
7% under list
Days on Market
80 days
6790 461st Ave #23, Wentworth, SD 57075
SOLD OCT 11, 2024
VIDEO TOUR
$780,000 Last Sold Price
4 beds
3 baths
2,888 sq ft
502 Linden Dr, Madison, SD 57042
List Price
$750,000
Sale to List
4% over list
Days on Market
39 days
502 Linden Dr, Madison, SD 57042
SOLD AUG 30, 2024
VIDEO TOUR
$850,000 Last Sold Price
3 beds
3 baths
2,120 sq ft
6546 Killarney Park Dr, Wentworth, SD 57075
List Price
$895,000
Sale to List
5% under list
Days on Market
112 days
6546 Killarney Park Dr, Wentworth, SD 57075
SOLD AUG 28, 2024
VIDEO TOUR
$880,000 Last Sold Price
4 beds
3 baths
3,494 sq ft
6213 N Lakeside Dr, Madison, SD 57042
List Price
$949,900
Sale to List
7% under list
Days on Market
310 days
6213 N Lakeside Dr, Madison, SD 57042
SOLD AUG 23, 2024
$499,900 Last Sold Price
3 beds
3.5 baths
2,225 sq ft
6006 Marrs Beach Ln, Madison, SD 57042
List Price
$499,900
Sale to List
0% over list
Days on Market
95 days
6006 Marrs Beach Ln, Madison, SD 57042
See all recently sold homes in Lake Madison.
See listings

Schools in Lake Madison

Learn about schools in the Lake Madison area

Elementary
Middle
High

GreatSchools Rating

No elementary schools in this region.

School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.

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.

Wind Factor - Minor

100% of properties are at minor risk of a severe wind event over the next 30 years

Heat Factor - Minor

99% of properties are at minor risk of heat over the next 30 years

Provided by First Street Foundation

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