Madison, SD Homes for Sale under $200,000

/52
$175,900

$4K PRICE DROP
- 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
/25
$189,900
- 3 Beds
- 1.5 Baths
- 1,010 Sq Ft
508 Summit Ave N, Madison, SD 57042

Step into the timeless charm of this mid-century ranch-style home, where character and comfort come together beautifully. From the moment you enter, you’ll appreciate the stunning original hardwood floors that add warmth and authenticity throughout the main living spaces.The spacious primary bedroom offers a relaxing retreat with two closets for exceptional storage. The kitchen features

Adam Foland

EXIT Realty Advantage

(605) 836-6455

508 Summit Ave N, 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
/6
$130,000

$30K PRICE DROP
- Land
- 2.48 Acres
- $52,394 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
- 25,378 Sq Ft
- $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
- 21,061 Sq Ft
- $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
- 16,570 Sq Ft
- $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
/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
/6
$114,900
- Land
- 13,599 Sq Ft
- $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
/14
$149,500
- Land
- 23,761 Sq Ft
- $274,060 per Acre
6090 Dakota Ave, Madison, SD 57042

Rare opportunity to purchase multiple residential lots being offered together as one listing at beautiful Lake Madison! With over 1 acre combined, this unique property provides the perfect setting to build your dream lake retreat or year-round residence with added space, flexibility, and privacy. Enjoy the freedom to design a custom home, additional garage space, storage buildings, or outdoor

Ron Weber Hegg, REALTORS

6090 Dakota Ave, Madison, SD 57042
/31
$104,900

$5K PRICE DROP
- 2 Beds
- 1 Bath
- 874 Sq Ft
714 NW 3rd St, Madison, SD 57042

Why pay rent when you can build equity? This charming ranch-style home offers affordable ownership with comfort and opportunity. Featuring 2 bedrooms and 1 bath, the inviting layout welcomes you through a cozy entry with storage into a spacious living room that flows seamlessly into the kitchen—perfect for everyday living. Recent improvements include a new shower and vanity (April 2026) and a new

Miranda Krumm Signature Realty Group LLC

714 NW 3rd St, Madison, SD 57042

South Dakota Lake County Madison

Home Trends in Madison, SD

On average, homes in Madison, SD sell after 61 days on the market compared to the national average of 58 days. The median sale price for homes in Madison, SD over the last 12 months is $236,000, up 40% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price

$236,000

Median Single Family Sale Price

$240,000

Median Townhouse Sale Price

$280,900

Median 2 Bedroom Sale Price

$235,000

Average Price Per Sq Ft

$159

Number of Homes for Sale

Last 12 months Home Sales

Months of Supply

2.90

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 11 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

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Homes for Sale in Nearby Cities

Homes for Sale in Nearby Counties

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