Madison, MN Housing Market

Homes for sale

The Madison housing market is somewhat competitive.

Trends
Demand
Migration
Schools
Climate

Madison Housing Market Trends

What is the housing market like in Madison today?

$82.45K

Sale Price

$72

Sale $/Sq. Ft.

Under List Price

4.4%

Days on Market

48.5

Down Payment

—

Total Homes Sold

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

How hot is the Madison housing market?

Madison is somewhat competitive. Homes sell in 48.5 days.

100

Somewhat Competitive

Some homes get multiple offers.
The average homes sell for about 4% below list price and go pending in around 49 days.
Hot homes
can sell for around list price and go pending in around 15 days.

Compare With Nearby Cities

Appleton

100

Somewhat Competitive

Some homes get multiple offers.
The average homes sell for about 5% below list price and go pending in around 50 days.
Hot homes
can sell for around list price and go pending in around 20 days.

Dawson

100

Not Very Competitive

Multiple offers are rare.
The average homes sell for about 7% below list price and go pending in around 104 days.
Hot homes
can sell for around list price and go pending in around 38 days.

See more nearby cities and neighborhoods

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 Madison that sold recently

Recently sold homes

SOLD FEB 13, 2025
$49,900 Last Sold Price
2 beds
2 baths
—sq ft
418 8th Ave, Madison, MN 56256
List Price
$59,900
Sale to List
17% under list
Days on Market
55 days
418 8th Ave, Madison, MN 56256
SOLD FEB 7, 2025
$115,000 Last Sold Price
3 beds
3 baths
—sq ft
510 Western Ave, Madison, MN 56256
List Price
$159,500
Sale to List
28% under list
Days on Market
79 days
510 Western Ave, Madison, MN 56256
SOLD FEB 7, 2025
$50,000
—beds
—baths
—sq ft
115 1st St E, Madison, MN 56256
List Price
—
Sale to List
—
Days on Market
—
115 1st St E, Madison, MN 56256
SOLD JAN 21, 2025
$140,000
—beds
—baths
—sq ft
707 W 8th St, Madison, MN 56256
List Price
—
Sale to List
—
Days on Market
—
707 W 8th St, Madison, MN 56256
SOLD JAN 17, 2025
$62,000 Last Sold Price
3 beds
3 baths
—sq ft
516 2nd Ave, Madison, MN 56256
List Price
$67,900
Sale to List
9% under list
Days on Market
48 days
516 2nd Ave, Madison, MN 56256
SOLD JAN 3, 2025
$435,000 Last Sold Price
4 beds
3 baths
—sq ft
2227 350th St, Madison, MN 56256
List Price
$475,000
Sale to List
8% under list
Days on Market
38 days
2227 350th St, Madison, MN 56256
SOLD DEC 31, 2024
$45,500 Last Sold Price
3 beds
1 bath
—sq ft
319 5th Ave, Madison, MN 56256
List Price
$47,500
Sale to List
4% under list
Days on Market
139 days
319 5th Ave, Madison, MN 56256
SOLD DEC 23, 2024
$51,250 Last Sold Price
3 beds
1 bath
—sq ft
508 6th Ave, Madison, MN 56256
List Price
$59,500
Sale to List
14% under list
Days on Market
265 days
508 6th Ave, Madison, MN 56256
See all recently sold homes in Madison.
See listings

Schools in Madison

Learn about schools in the Madison area

Elementary
Middle
High

GreatSchools Rating

5/10

Madison-Marietta-Nassau Elementary School

Public • PreK-4

147

Students

N/A

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 Madison housing

Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Madison.

Wind Factor - Minor

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

Heat Factor - Minor

100% of properties are at minor risk of heat over the next 30 years

Provided by First Street Foundation

More real estate resources for Madison

Nearby City Housing Markets

Zip Code Housing Markets

56232 Housing Market

Nearby City Listings

Zip Code Listings

56232 Real Estate

Rentals

Download the Redfin App on the Apple App Store

Download the Redfin App from the Google Play Store

Join us

Become an Agent

Get referrals

Careers

Find homes faster

About us

Why Redfin?

Community Impact

Diversity & Inclusion

Find us

Become a Lender Partner

Subsidiaries

Rent.

ApartmentGuide

Bay Equity Home Loans

Title Forward

Countries

United States

Canada

Updated January 2023: By searching, you agree to the Terms of Use, and Privacy Policy.

Do not sell or share my personal information.

REDFIN and all REDFIN variants, TITLE FORWARD, WALK SCORE, and the R logos, are trademarks of Redfin Corporation, registered or pending in the USPTO.

California DRE #01521930

Redfin is licensed to do business in New York as Redfin Real Estate. NY Standard Operating Procedures

New Mexico Real Estate Licenses

TREC: Info About Brokerage Services, Consumer Protection Notice

If you are using a screen reader, or having trouble reading this website, please call Redfin Customer Support for help at 1-844-759-7732.

REDFIN IS COMMITTED TO AND ABIDES BY THE FAIR HOUSING ACT AND EQUAL OPPORTUNITY ACT. READ REDFIN'S FAIR HOUSING POLICY AND THE NEW YORK STATE FAIR HOUSING NOTICE.