Madison, SD Homes for Sale under $200,000

/25
$179,900
- 3 Beds
- 2 Baths
- 1,836 Sq Ft
502 Lee Ave S, Madison, SD 57042

This well-maintained 3 bedroom, 2 bathroom ranch-style home offers a practical layout with comfortable living space. All three bedrooms are conveniently located on the main floor, along with a 3/4 bathroom and mostly new flooring throughout much of the level. The home features a spacious main-floor living room and an additional large living area in the basement, providing extra space for

Brandon Burg

Signature Realty Group LLC

(605) 777-7405

502 Lee Ave S, Madison, SD 57042
/46
$189,900
- 4 Beds
- 2 Baths
- 2,286 Sq Ft
303 N Liberty Ave, Madison, SD 57042

Charming, thoughtfully updated 4-bedroom home on a spacious corner lot in central Madison — just minutes from downtown, restaurants, grocery shopping and a city park. This home blends classic architectural details with modern updates. High main-level ceilings, arched doorways, an open staircase, elegant French doors and distinctive oval windows create bright, inviting spaces filled with

Adam Foland

EXIT Realty Advantage

(605) 307-5852

303 N Liberty Ave, Madison, SD 57042
/6
$160,000
- Land
- 2.48 Acres
- $64,485 per Acre
1235 Pelican Point Rd, Madison, SD 57042

EXCLUSIVE BUILDER DISCOUNT OF $30,000.00. Spacious country lot near the Madison Country Club and Lake Herman. Build your dream home on this +/- 2.5-acre lot all with views of the country landscape just off an oil road. Enjoy the serenity of the county while being only minutes from town. All lots are connected to public roads with utilities available. Buyer is responsible for hookup fees and

Brandon Burg

Signature Realty Group LLC

(605) 205-7921

1235 Pelican Point Rd, Madison, SD 57042
/5
$179,900
- Land
- 0.58 Acre
- $308,788 per Acre
0 Tbd Dakota Ave Ave, Madison, SD 57042

New Development on the north shore of beautiful Lake Madison, SD. The development is located right off Highway 34; a mere 35 minutes to either Sioux Falls or Brookings, and a 5 minute drive to all the amenities in Madison. The develper is open to a variety of building options to include: single family, twin home, condo and shouses. Bring your plans or the developer has plans available to build

Brad Benson

Signature Realty Group LLC

(605) 674-6054

0 Tbd Dakota Ave Ave, Madison, SD 57042
/5
$169,900
- Land
- 0.48 Acre
- $351,396 per Acre
0 Tbd Dakota Ave Ave, Madison, SD 57042

New Development on the north shore of beautiful Lake Madison, SD. The development is located right off Highway 34; a mere 35 minutes to either Sioux Falls or Brookings, and a 5 minute drive to all the amenities in Madison. The develper is open to a variety of building options to include: single family, twin home, condo and shouses. All you need to do is bring your plans or they have building

Brad Benson

Signature Realty Group LLC

(605) 349-1156

0 Tbd Dakota Ave Ave, Madison, SD 57042
/5
$159,900
- Land
- 0.38 Acre
- $420,347 per Acre
0 Tbd Dakota Ave Ave, Madison, SD 57042

New Development on the north shore of beautiful Lake Madison, SD. The development is located right off Highway 34; a mere 35 minutes to either Sioux Falls or Brookings, and a 5 minute drive to all the amenities in Madison. The develper is open to a variety of building options to include: single family, twin home, condo and shouses. Bring your plans or the developer has plans available to build

Brad Benson

Signature Realty Group LLC

(605) 760-8363

0 Tbd Dakota Ave Ave, Madison, SD 57042
/36
$125,000
- Land
- 1.4 Acres
- $89,413 per Acre
0 Bob Price Blvd Blvd Unit 22602125, Madison, SD 57042

Spacious lot with expansive open views of the countryside! Next door to the Madison Country Club and Lake Herman makes this the perfect recreational oasis! This lot features +/-1.39 acres on all hard surface roads, (No Gravel). HOA covers snow removal and maintenance of shared concrete road. Grab your spot and plan your future!

Adam Foland

EXIT Realty Advantage

(605) 453-4704

0 Bob Price Blvd Blvd Unit 22602125, Madison, SD 57042
/52
$179,900
- 3 Beds
- 1 Bath
- 1,188 Sq Ft
813 E Center St, Madison, SD 57042

Welcome home to this beautifully updated 3-bedroom, 1-bath gem nestled in a quiet neighborhood! This move-in ready property has been completely updated and offers the perfect blend of comfort, style, and functionality. Step inside to find all new paint and brand-new carpet throughout, creating a bright and inviting atmosphere. The newly remodeled bathroom features tile surround around the tub,

Callie Wockenfuss

Real Estate Retrievers of Sioux Falls

(605) 952-5702

813 E Center St, Madison, SD 57042
/9
$100,000
- 2 Beds
- 1 Bath
- 840 Sq Ft
316 N Catherine Ave, Madison, SD 57042

Opportunity awaits with this 2 bedroom, 1 bath ranch home sitting on a HUGE lot! This property is currently a shell and in the process of being remodeled, offering the perfect blank slate for your vision. Whether you're an investor looking for your next flip, wanting to finish and add to your rental portfolio in a small-town college community, or a buyer ready to create an affordable starter

Dave Larson Hegg, REALTORS

316 N Catherine Ave, Madison, SD 57042
/57
$174,990
- 3 Beds
- 1 Bath
- 1,305 Sq Ft
514 N Chicago Ave N Ave, Madison, SD 57042

Charming 3-Bedroom Home with Oversized Garage in MadisonFULL DISCLOSURE THIS HOME DOES HAVE A CRAWL SPACE Welcome to 514 N Chicago Avenue, a beautifully maintained home full of classic character and modern comfort, located in a quiet neighborhood near Madison schools. Built in 1924, this inviting 3-bedroom, 1-bath residence offers over 1,300 square feet of functional living space with

Larry Mullinix eXp Realty

514 N Chicago Ave N Ave, Madison, SD 57042
/21
$169,900
- 2 Beds
- 2 Baths
- 2,214 Sq Ft
215 Union Ave S, Madison, SD 57042

If you're looking for nice little home that could use a little TLC or an investment property this could be the one! As you enter this home you'll find a welcoming entry/office area that leads straight into a large living room that is open to a kitchen with a peninsula with laminate countertops & oak cabinets! The main level also has a two bedrooms & a 3/4 bath. The lower level has a large family

Justin Garry Hegg, REALTORS

215 Union Ave S, Madison, SD 57042
/6
$114,900
- Land
- 0.31 Acre
- $368,033 per Acre
400 S Block Washington Ave Ave, Madison, SD 57042

This lot is a clean slate! Bring your business plan to life here on one of the busiest roads in Madison. The exposure is perfect for an up and coming business. Washington Avenue has recently been completely redone to accommodate changes to the city's infrastructure. With access to water, natural gas, electricity, and sewer, this piece of property with a level topography is ideal for the

Angela Peters EXIT Realty Advantage

400 S Block Washington Ave Ave, Madison, SD 57042

South Dakota Lake County Madison

Home Trends in Madison, SD

On average, homes in Madison, SD sell after 66 days on the market compared to the national average of 55 days. The median sale price for homes in Madison, SD over the last 12 months is $235,500, up 40% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price

$235,500

Median Single Family Sale Price

$240,000

Median Townhouse Sale Price

$285,800

Median 2 Bedroom Sale Price

$185,000

Average Price Per Sq Ft

$164

Number of Homes for Sale

Last 12 months Home Sales

Months of Supply

3.50

Median List Price

$249,800

Median Change From 1st List Price

Median Home Sale Price YoY Change

40%

How to Buy a Home How to Finance a Home How to Sell a Home

In Madison, you'll find a diverse selection of properties with 12 homes for sale under $200,000, catering to budget-conscious buyers seeking affordable housing solutions. Whether you're a first-time homebuyer in search of a cozy starter home or an investor eyeing a promising opportunity, these affordable homes provide a gateway into the real estate market in Madison, SD.

Madison Types of Homes for Sale

Madison Homes by Price

More About Living in Madison

Homes for Sale in Nearby Cities

Homes for Sale in Nearby Counties

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Homes.com Licensing Information

§ 442-H New York Standard Operating Procedures

New York Fair Housing Notice

TREC: Information about brokerage services, Consumer protection notice

California DRE #01937601

Contact Homes.com Brokerage