Data as of September 2026. Source: Realtor.com.
The MADISON, MN real estate market (56256) currently shows 19 active listings, with 1 pending sales. Homes are averaging 92 days on the market before going under contract.
Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice.
Homes are taking longer to sell, averaging 92 days on market compared to 91 days last year.
The median listing price has fallen 20.2% year-over-year, from $211,250 to $168,625.
Population: 2,358 · Density: 3.9/mi² · Median household income: $56,728
Typical home value: $109,713 · Homeownership: 78.6%
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 56256 | Madison, MN 56256 | 0.0 mi | 9 | $1,794,285 | $194,925 | $199,365 |
| 56232 | Dawson, MN 56232 | 10.2 mi | 15 | $2,542,890 | $157,450 | $169,526 |
| 56262 | Milan, MN 56262 | 17.6 mi | 1 | $40,000 | $40,000 | $40,000 |
| 57259 | Revillo, SD 57259 | 18.0 mi | 1 | $183,900 | $183,900 | $183,900 |
| 56220 | Canby, MN 56220 | 20.7 mi | 9 | $1,651,500 | $152,500 | $183,500 |
| 57252 | Milbank, SD 57252 | 23.6 mi | 8 | $2,387,264 | $295,725 | $298,408 |
| 56265 | Montevideo, MN 56265 | 24.4 mi | 53 | $13,621,530 | $248,200 | $257,010 |
| 56223 | Clarkfield, MN 56223 | 26.0 mi | 6 | $701,760 | $80,000 | $116,960 |
| 56231 | Danvers, MN 56231 | 27.6 mi | 1 | $86,500 | $86,500 | $86,500 |
| 57265 | Strandburg, SD 57265 | 29.2 mi | 0 | $0 | $325,000 | $325,000 |
| 57218 | Brandt, SD 57218 | 31.9 mi | 1 | $480,000 | $480,000 | $480,000 |
| 56264 | Minneota, MN 56264 | 32.8 mi | 2 | $124,500 | $62,250 | $62,250 |
| 57238 | Goodwin, SD 57238 | 34.1 mi | 1 | $434,900 | $434,900 | $434,900 |
As of September 2026, there are 19 active listings in MADISON, MN (zip code 56256), compared to 14 the prior year.
The median listing price in MADISON, MN 56256 is $168,625 as of September 2026, a 20.2% decrease from $211,250 the prior year.
Homes in MADISON, MN 56256 spend an average of 92 days on the market before going under contract, compared to 91 days the prior year.
Based on current inventory and days-on-market data as of September 2026, MADISON, MN 56256 is currently a Buyer's Market. Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 92 days on market compared to 91 days last year.
With SELL123.com's maximum 3% commission, sellers in MADISON, MN 56256 save an estimated $3,373 compared to a typical 5% commission on the median listing price of $168,625. 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.