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MADISON, SD 57042

Real Estate Market Report  ·  Lake County
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The MADISON, SD real estate market (57042) currently shows 45 active listings, with 10 pending sales. Homes are averaging 42 days on the market before going under contract.

Inventory levels are unchanged compared to last year.

Homes are selling faster, averaging 42 days on market compared to 64 days last year.

The median listing price has risen 3% year-over-year, from $339,950 to $350,000.

Whether you are buying or selling in MADISON, SD, 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: 8,178  ·  Density: 16.3/mi²  ·  Median household income: $70,046

Typical home value: $193,518  ·  Homeownership: 66.8%

Market Overview

Active Listings
45
vs 45 last year
Pending
10
22% pending ratio
Median Price
$350,000
⇧ 3% vs $339,950 last year
Average Price
$455,540
⇧ 20.4% vs $378,407 last year
Days on Market
42
⇩ 34.4% vs 64 days last year

Price Per Square Foot

Median $/sqft
$215
⇧ 15.6% vs $186/sqft last year
Median Home Size
1,872 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Days on market: 42 now vs 64 last year

Median & Average Pricing

Year over Year
  • Median: $350,000 (+3% YoY)
  • Average: $455,540 (+20.4% 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 31.8 miles — 176 listings ($86,103,721 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
57042Madison, SD 570420.0 mi40$20,299,160$410,000$507,479
57016Chester, SD 5701611.3 mi3$2,355,576$801,625$785,192
57048Montrose, SD 5704816.5 mi5$2,094,585$349,750$418,917
57321Canova, SD 5732121.1 mi1$99,900$99,900$99,900
57071Volga, SD 5707122.3 mi2$764,900$382,450$382,450
57035Humboldt, SD 5703523.2 mi4$794,600$198,650$198,650
57003Baltic, SD 5700325.7 mi11$12,304,952$737,450$1,118,632
57033Hartford, SD 5703326.7 mi20$12,762,880$477,500$638,144
57374Spencer, SD 5737427.3 mi4$1,085,868$259,900$271,467
57212Arlington, SD 5721227.9 mi4$2,353,200$575,000$588,300
57006Brookings, SD 5700629.3 mi75$29,339,100$354,900$391,188
57323Carthage, SD 5732331.0 mi1$199,000$199,000$199,000
57002Aurora, SD 5700231.8 mi6$1,650,000$275,000$275,000

Frequently Asked Questions

How many homes are for sale in MADISON, SD 57042?

As of March 2026, there are 45 active listings in MADISON, SD (zip code 57042), compared to 45 the prior year.

What is the median home price in MADISON, SD 57042?

The median listing price in MADISON, SD 57042 is $350,000 as of March 2026, a 3% increase from $339,950 the prior year.

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

Homes in MADISON, SD 57042 spend an average of 42 days on the market before going under contract, compared to 64 days the prior year.

Is it a seller's or buyer's market in MADISON, SD 57042?

Based on current inventory and days-on-market data as of March 2026, MADISON, SD 57042 is currently a Balanced Market. Inventory levels are unchanged compared to last year. Homes are selling faster, averaging 42 days on market compared to 64 days last year.

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

With SELL123.com's maximum 3% commission, sellers in MADISON, SD 57042 save an estimated $7,000 compared to a typical 5% commission on the median listing price of $350,000. 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.