Data as of April 2026. Source: Realtor.com.
The MADISON, MN real estate market (56256) currently shows 13 active listings, with 6 pending sales. Homes are averaging 120 days on the market before going under contract.
Inventory has increased compared to last year, with 8 more homes available — giving buyers more choice.
Homes are taking longer to sell, averaging 120 days on market compared to 16 days last year.
The median listing price has fallen 9.8% year-over-year, from $193,625 to $174,725.
Whether you are buying or selling in MADISON, 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: 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 April 2026, there are 13 active listings in MADISON, MN (zip code 56256), compared to 5 the prior year.
The median listing price in MADISON, MN 56256 is $174,725 as of April 2026, a 9.8% decrease from $193,625 the prior year.
Homes in MADISON, MN 56256 spend an average of 120 days on the market before going under contract, compared to 16 days the prior year.
Based on current inventory and days-on-market data as of April 2026, MADISON, MN 56256 is currently a Buyer's Market. Inventory has increased compared to last year, with 8 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 120 days on market compared to 16 days last year.
With SELL123.com's maximum 3% commission, sellers in MADISON, MN 56256 save an estimated $3,495 compared to a typical 5% commission on the median listing price of $174,725. 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.