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MADISON, MN 56256

Real Estate Market Report  ·  Lac qui Parle County
Buyer's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
11
⇧ 57.1% vs 7 last year
Pending
2
18% pending ratio
Median Price
$197,400
⇧ 31.8% vs $149,750 last year
Average Price
$216,260
⇧ 14.3% vs $189,128 last year
Days on Market
108
⇧ 125% vs 48 days last year

Market Context

Population: 2,358  ·  Density: 3.9/mi²  ·  Median household income: $56,728

Typical home value: $109,713  ·  Homeownership: 78.6%

Market Analysis

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

The MADISON, MN real estate market (56256) currently shows 11 active listings, with 2 pending sales. Homes are averaging 108 days on the market before going under contract.

Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 108 days on market compared to 48 days last year.

The median listing price has risen 31.8% year-over-year, from $149,750 to $197,400.

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.

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Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 11 this year vs 7 last year
  • Days on market: 108 now vs 48 last year

Median & Average Pricing

Year over Year
  • Median: $197,400 (+31.8% YoY)
  • Average: $216,260 (+14.3% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 35.2 miles — 69 listings ($17,052,016 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56256Madison, MN 562560.0 mi11$2,378,860$197,400$216,260
56232Dawson, MN 5623210.2 mi16$2,791,888$159,900$174,493
56262Milan, MN 5626217.6 mi1$40,000$40,000$40,000
56218Boyd, MN 5621818.5 mi3$792,000$264,000$264,000
57237Gary, SD 5723722.3 mi2$1,014,900$507,450$507,450
56278Ortonville, MN 5627823.9 mi16$5,175,600$245,000$323,475
57216Big Stone City, SD 5721624.8 mi3$688,350$229,450$229,450
56280Porter, MN 5628027.1 mi1$122,500$122,500$122,500
57265Strandburg, SD 5726529.2 mi1$325,000$325,000$325,000
56225Clinton, MN 5622532.1 mi2$528,000$264,000$264,000
56207Alberta, MN 5620733.7 mi1$78,500$78,500$78,500
56241Granite Falls, MN 5624134.2 mi11$2,981,418$267,200$271,038
56260Maynard, MN 5626035.2 mi1$135,000$135,000$135,000

Frequently Asked Questions

How many homes are for sale in MADISON, MN 56256?

As of January 2026, there are 11 active listings in MADISON, MN (zip code 56256), compared to 7 the prior year.

What is the median home price in MADISON, MN 56256?

The median listing price in MADISON, MN 56256 is $197,400 as of January 2026, a 31.8% increase from $149,750 the prior year.

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

Homes in MADISON, MN 56256 spend an average of 108 days on the market before going under contract, compared to 48 days the prior year.

Is it a seller's or buyer's market in MADISON, MN 56256?

Based on current inventory and days-on-market data as of January 2026, MADISON, MN 56256 is currently a Buyer's Market. Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 108 days on market compared to 48 days last year.

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

With SELL123.com's maximum 3% commission, sellers in MADISON, MN 56256 save an estimated $3,948 compared to a typical 5% commission on the median listing price of $197,400. 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.