Is Madison Lake, MN 56063 a buyer’s or seller’s market?

The Madison Lake housing market right now

In the three months ending August 31, 2026, 26% of homes in Madison Lake, MN 56063 sold above their list price, the typical home went under contract in 32 days and there were 2.4 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 32 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 13%, homes sold more slowly (27 days then) and the median sale price rose 9% to $489,788. Overall, Madison Lake is more competitive than a year ago, so tougher for buyers.

Within Blue Earth County, homes here sell more slowly than in 70% of the county’s ZIP codes, and sell more often over asking than in 60%. On our competition score, Madison Lake ranks #227 of 296 MN ZIP codes with enough sales (score 54 out of 100).

Nearby, buyers who want less competition could look at Pemberton 56078 (0% sold over asking) or Good Thunder 56037 (0% sold over asking), while Lake Crystal 56055 (86% sold over asking) and Saint Clair 56080 (67% sold over asking) are even more competitive.