Madison, MN Housing Market
The Madison housing market is somewhat competitive. The median sale price of a home in Madison was $131K last month, down 37.6% since last year. The median sale price per square foot in Madison is $75, down 29.2% since last year.
Madison Housing Market Trends
since last year
since last year

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How hot is the 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
- Some homes get multiple offers.
- The average homes sell for about 4% below list price and go pending in around 49 days.
- Hot homescan sell for around list price and go pending in around 15 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 12 months
- Some homes get multiple offers.
- The average homes sell for about 8% below list price and go pending in around 79 days.
- Hot homescan sell for about 1% below list price and go pending in around 35 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 12 months
- Multiple offers are rare.
- The average homes sell for about 7% below list price and go pending in around 104 days.
- Hot homescan sell for around list price and go pending in around 38 days.
Madison Migration & Relocation Trends
View houses in Madison that sold recently
Recently sold homes
- $34,500 Last Sold Price2 beds1 bath—sq ft708 5th Ave, Madison, MN 56256List Price$39,900Sale to List14% under listDays on Market141 days708 5th Ave, Madison, MN 56256
- $72,500 Last Sold Price4 beds2 baths—sq ft616 W 5th St, Madison, MN 56256List Price$72,500Sale to List0% over listDays on Market200 days616 W 5th St, Madison, MN 56256
- $189,000 Last Sold Price4 beds2 baths—sq ft620 5th Ave, Madison, MN 56256List Price$189,000Sale to List0% over listDays on Market50 days620 5th Ave, Madison, MN 56256
- $425,000 Last Sold Price3 beds2 baths—sq ft2771 271st Ave, Madison, MN 56256List Price$449,000Sale to List5% under listDays on Market109 days2771 271st Ave, Madison, MN 56256
- $148,000 Last Sold Price2 beds2 baths—sq ft122 E 10th St, Madison, MN 56256List Price$175,000Sale to List15% under listDays on Market124 days122 E 10th St, Madison, MN 56256
- $236,000—beds—baths—sq ft838 Western Ave, Madison, MN 56256List Price—Sale to List—Days on Market—838 Western Ave, Madison, MN 56256
- $99,500—beds—baths—sq ft415 5th Ave, Madison, MN 56256List Price—Sale to List—Days on Market—415 5th Ave, Madison, MN 56256
- $340,000—beds—baths—sq ft530 E 3rd St, Madison, MN 56256List Price—Sale to List—Days on Market—530 E 3rd St, Madison, MN 56256
See all recently sold homes in Madison.
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Schools in Madison
- Elementary
- Middle
- High
GreatSchools Rating
4/10 Madison-Marietta-Nassau Elementary School Public • PreK-4 | 140 Students | N/A |
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.
Flood Factor - Minor
Flood Factor

Fire Factor - Minimal
Fire Factor

Wind Factor - Minor
Wind Factor

Heat Factor - Minor
Heat Factor

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