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MADISON LAKE, MN 56063

Real Estate Market Report  ·  Blue Earth County
Balanced Market
June 2026  ·  Source: Realtor.com

Market Analysis

Data as of June 2026. Source: Realtor.com.

The MADISON LAKE, MN real estate market (56063) currently shows 38 active listings, with 14 pending sales. Homes are averaging 52 days on the market before going under contract.

Inventory has increased compared to last year, with 11 more homes available — giving buyers more choice.

Homes are selling faster, averaging 52 days on market compared to 56 days last year.

The median listing price has risen 40.1% year-over-year, from $485,400 to $679,950.

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.

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Market Context

Market Context

Population: 3,062  ·  Density: 29.5/mi²  ·  Median household income: $109,139

Typical home value: $376,580  ·  Homeownership: 84.8%

Market Overview

Active Listings
38
⇧ 40.7% vs 27 last year
Pending
14
37% pending ratio
Median Price
$679,950
⇧ 40.1% vs $485,400 last year
Average Price
$768,321
⇧ 18.8% vs $646,979 last year
Days on Market
52
⇩ 7.1% vs 56 days last year

Price Per Square Foot

Median $/sqft
$261
⇧ 34.5% vs $194/sqft last year
Median Home Size
2,737 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 38 this year vs 27 last year
  • Days on market: 52 now vs 56 last year

Median & Average Pricing

Year over Year
  • Median: $679,950 (+40.1% YoY)
  • Average: $768,321 (+18.8% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 24.5 miles — 178 listings ($66,717,668 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56063Madison Lake, MN 560630.0 mi17$7,771,125$393,750$457,125
56028Elysian, MN 560285.3 mi4$2,978,768$777,175$744,692
56050Kasota, MN 560507.0 mi5$2,024,500$384,900$404,900
56048Janesville, MN 560489.9 mi7$2,631,356$321,975$375,908
56096Waterville, MN 5609610.9 mi14$5,362,000$297,500$383,000
56003Mankato, MN 5600313.4 mi31$12,272,714$344,925$395,894
56052Kilkenny, MN 5605214.7 mi2$838,450$419,225$419,225
56058Le Sueur, MN 5605816.3 mi18$7,287,516$394,925$404,862
56093Waseca, MN 5609318.4 mi27$7,458,804$309,625$276,252
56069Montgomery, MN 5606919.1 mi30$11,591,070$376,100$386,369
56074Nicollet, MN 5607420.3 mi5$1,839,875$381,950$367,975
56055Lake Crystal, MN 5605522.1 mi15$3,924,390$229,900$261,626
56068Minnesota Lake, MN 5606824.5 mi3$737,100$245,700$245,700

Frequently Asked Questions

How many homes are for sale in MADISON LAKE, MN 56063?

As of June 2026, there are 38 active listings in MADISON LAKE, MN (zip code 56063), compared to 27 the prior year.

What is the median home price in MADISON LAKE, MN 56063?

The median listing price in MADISON LAKE, MN 56063 is $679,950 as of June 2026, a 40.1% increase from $485,400 the prior year.

How long do homes stay on the market in MADISON LAKE, MN?

Homes in MADISON LAKE, MN 56063 spend an average of 52 days on the market before going under contract, compared to 56 days the prior year.

Is it a seller's or buyer's market in MADISON LAKE, MN 56063?

Based on current inventory and days-on-market data as of June 2026, MADISON LAKE, MN 56063 is currently a Balanced Market. Inventory has increased compared to last year, with 11 more homes available — giving buyers more choice. Homes are selling faster, averaging 52 days on market compared to 56 days last year.

How much can I save on real estate commission in MADISON LAKE, MN?

With SELL123.com's maximum 3% commission, sellers in MADISON LAKE, MN 56063 save an estimated $13,599 compared to a typical 5% commission on the median listing price of $679,950. 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.