Data as of February 2026. Source: Realtor.com.
The MADISON LAKE, MN real estate market (56063) currently shows 17 active listings, with 1 pending sales. Homes are averaging 94 days on the market before going under contract.
Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice.
Homes are taking longer to sell, averaging 94 days on market compared to 79 days last year.
The median listing price has risen 12.3% year-over-year, from $350,750 to $393,750.
Whether you are buying or selling in MADISON LAKE, 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.
Population: 3,062 · Density: 29.5/mi² · Median household income: $109,139
Typical home value: $376,580 · Homeownership: 84.8%
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 56063 | Madison Lake, MN 56063 | 0.0 mi | 16 | $7,140,656 | $286,950 | $446,291 |
| 56028 | Elysian, MN 56028 | 5.3 mi | 3 | $1,739,700 | $579,900 | $579,900 |
| 56050 | Kasota, MN 56050 | 7.0 mi | 3 | $1,192,200 | $397,400 | $397,400 |
| 56048 | Janesville, MN 56048 | 9.9 mi | 6 | $2,123,226 | $297,450 | $353,871 |
| 56096 | Waterville, MN 56096 | 10.9 mi | 13 | $4,285,099 | $267,450 | $329,623 |
| 56003 | Mankato, MN 56003 | 13.4 mi | 27 | $11,610,000 | $359,900 | $430,000 |
| 56052 | Kilkenny, MN 56052 | 14.7 mi | 3 | $1,138,350 | $379,450 | $379,450 |
| 56058 | Le Sueur, MN 56058 | 16.3 mi | 16 | $6,688,800 | $400,000 | $418,050 |
| 56093 | Waseca, MN 56093 | 18.4 mi | 23 | $5,717,271 | $219,900 | $248,577 |
| 56069 | Montgomery, MN 56069 | 19.1 mi | 30 | $10,583,850 | $345,400 | $352,795 |
| 56074 | Nicollet, MN 56074 | 20.3 mi | 5 | $1,839,875 | $381,950 | $367,975 |
| 56055 | Lake Crystal, MN 56055 | 22.1 mi | 17 | $4,326,194 | $219,900 | $254,482 |
| 56068 | Minnesota Lake, MN 56068 | 24.5 mi | 3 | $452,250 | $150,750 | $150,750 |
As of February 2026, there are 17 active listings in MADISON LAKE, MN (zip code 56063), compared to 12 the prior year.
The median listing price in MADISON LAKE, MN 56063 is $393,750 as of February 2026, a 12.3% increase from $350,750 the prior year.
Homes in MADISON LAKE, MN 56063 spend an average of 94 days on the market before going under contract, compared to 79 days the prior year.
Based on current inventory and days-on-market data as of February 2026, MADISON LAKE, MN 56063 is currently a Buyer's Market. Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 94 days on market compared to 79 days last year.
With SELL123.com's maximum 3% commission, sellers in MADISON LAKE, MN 56063 save an estimated $7,875 compared to a typical 5% commission on the median listing price of $393,750. 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.