Data as of July 2026. Source: Realtor.com.
The MADISON LAKE, MN real estate market (56063) currently shows 38 active listings, with 11 pending sales. Homes are averaging 64 days on the market before going under contract.
Inventory has increased compared to last year, with 14 more homes available — giving buyers more choice.
Homes are selling faster, averaging 64 days on market compared to 78 days last year.
The median listing price has risen 35.7% year-over-year, from $475,450 to $645,000.
Whether you are buying or selling in MADISON LAKE, MN, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.
Population: 3,062 · Density: 29.5/mi² · Median household income: $109,139
Typical home value: $376,580 · Homeownership: 84.8%
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 56063 | Madison Lake, MN 56063 | 0.0 mi | 17 | $7,771,125 | $393,750 | $457,125 |
| 56028 | Elysian, MN 56028 | 5.3 mi | 4 | $2,978,768 | $777,175 | $744,692 |
| 56050 | Kasota, MN 56050 | 7.0 mi | 5 | $2,024,500 | $384,900 | $404,900 |
| 56048 | Janesville, MN 56048 | 9.9 mi | 7 | $2,631,356 | $321,975 | $375,908 |
| 56096 | Waterville, MN 56096 | 10.9 mi | 14 | $5,362,000 | $297,500 | $383,000 |
| 56003 | Mankato, MN 56003 | 13.4 mi | 31 | $12,272,714 | $344,925 | $395,894 |
| 56052 | Kilkenny, MN 56052 | 14.7 mi | 2 | $838,450 | $419,225 | $419,225 |
| 56058 | Le Sueur, MN 56058 | 16.3 mi | 18 | $7,287,516 | $394,925 | $404,862 |
| 56093 | Waseca, MN 56093 | 18.4 mi | 27 | $7,458,804 | $309,625 | $276,252 |
| 56069 | Montgomery, MN 56069 | 19.1 mi | 30 | $11,591,070 | $376,100 | $386,369 |
| 56074 | Nicollet, MN 56074 | 20.3 mi | 5 | $1,839,875 | $381,950 | $367,975 |
| 56055 | Lake Crystal, MN 56055 | 22.1 mi | 15 | $3,924,390 | $229,900 | $261,626 |
| 56068 | Minnesota Lake, MN 56068 | 24.5 mi | 3 | $737,100 | $245,700 | $245,700 |
As of July 2026, there are 38 active listings in MADISON LAKE, MN (zip code 56063), compared to 24 the prior year.
The median listing price in MADISON LAKE, MN 56063 is $645,000 as of July 2026, a 35.7% increase from $475,450 the prior year.
Homes in MADISON LAKE, MN 56063 spend an average of 64 days on the market before going under contract, compared to 78 days the prior year.
Based on current inventory and days-on-market data as of July 2026, MADISON LAKE, MN 56063 is currently a Balanced Market. Inventory has increased compared to last year, with 14 more homes available — giving buyers more choice. Homes are selling faster, averaging 64 days on market compared to 78 days last year.
With SELL123.com's maximum 3% commission, sellers in MADISON LAKE, MN 56063 save an estimated $12,900 compared to a typical 5% commission on the median listing price of $645,000. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.