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MADISON, SD 57042

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

Market Overview

Active Listings
40
⇧ 42.9% vs 28 last year
Pending
5
13% pending ratio
Median Price
$392,800
⇧ 18.2% vs $332,425 last year
Average Price
$453,301
⇧ 13.7% vs $398,853 last year
Days on Market
129
⇧ 81.7% vs 71 days last year

Market Context

Population: 8,178  ·  Density: 16.3/mi²  ·  Median household income: $70,046

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

Market Analysis

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

The MADISON, SD real estate market (57042) currently shows 40 active listings, with 5 pending sales. Homes are averaging 129 days on the market before going under contract.

Inventory has increased compared to last year, with 12 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 129 days on market compared to 71 days last year.

The median listing price has risen 18.2% year-over-year, from $332,425 to $392,800.

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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 40 this year vs 28 last year
  • Days on market: 129 now vs 71 last year

Median & Average Pricing

Year over Year
  • Median: $392,800 (+18.2% YoY)
  • Average: $453,301 (+13.7% 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 31.2 miles — 206 listings ($86,690,589 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
57042Madison, SD 570420.0 mi40$18,132,040$392,800$453,301
57016Chester, SD 5701611.3 mi3$2,208,399$769,000$736,133
57018Colton, SD 5701815.0 mi2$479,800$239,900$239,900
57048Montrose, SD 5704816.5 mi5$2,099,750$272,000$419,950
57349Howard, SD 5734921.3 mi6$3,116,730$329,900$519,455
57022Dell Rapids, SD 5702222.6 mi9$4,761,000$349,950$529,000
57024Egan, SD 5702423.4 mi2$280,000$140,000$140,000
57020Crooks, SD 5702026.3 mi11$5,008,443$350,000$455,313
57012Canistota, SD 5701227.1 mi4$1,880,000$470,000$470,000
57028Flandreau, SD 5702827.7 mi7$1,242,500$173,450$177,500
57249Lake Preston, SD 5724929.2 mi5$2,100,500$219,900$420,100
57055Renner, SD 5705529.8 mi3$3,219,900$1,090,000$1,073,300
57107Sioux Falls, SD 5710731.2 mi109$42,161,527$349,999$386,803

Frequently Asked Questions

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

As of January 2026, there are 40 active listings in MADISON, SD (zip code 57042), compared to 28 the prior year.

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

The median listing price in MADISON, SD 57042 is $392,800 as of January 2026, a 18.2% increase from $332,425 the prior year.

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

Homes in MADISON, SD 57042 spend an average of 129 days on the market before going under contract, compared to 71 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 January 2026, MADISON, SD 57042 is currently a Buyer's Market. Inventory has increased compared to last year, with 12 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 129 days on market compared to 71 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 $7,856 compared to a typical 5% commission on the median listing price of $392,800. 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.