Madsen, Ontario, Canada
As of August 21, 2026, the median asking price in Madsen is $33,250, across 6 active MLS® listings.
Those listings have been on the market an average of 45 days.
4 new listings came to market in Madsen in the last 30 days.
Vacant land in Madsen are listed at an average of $43,750 across 6 active listings.
Madsen is a small, rural neighbourhood/settlement in Northwestern Ontario near the Kenora–Red Lake corridor, characterized by low-density housing on large lots, a strong outdoors-and-resource-economy orientation, and a limited local retail/services base. The population profile skews toward long-term residents and working households tied to regional mining, forestry, transportation, and government services in nearby hubs, with many trips for shopping, healthcare, and recreation directed to larger centres in the district.
Amenities within the immediate neighbourhood are modest, with day-to-day needs typically met in nearby communities; recreation is driven by surrounding lakes, trails, and Crown land. School options are generally accessed via bussing to nearby communities rather than being concentrated within Madsen itself. Transit is primarily car-dependent, with regional highways providing the main connectivity; there is little to no local public transit service. Real estate is dominated by detached homes and seasonal/recreational properties, and the market tends to be thinly traded with wider variability in pricing. Recent trends in similar Northwestern Ontario micro-markets show modest-to-moderate appreciation driven by limited supply, replacement-cost pressures, and cyclical employment conditions, while rents are supported by constrained purpose-built rental inventory but capped by local incomes and tenant depth.
Madsen’s current for-sale inventory is limited with 3 active listings, and pricing sits in an affordable range with a median asking price of $85,000 and an average of $100 per square foot. Homes are taking time to move, averaging 98 days on market, which suggests buyers and value-focused investors may have room to negotiate while staying selective on condition and rental potential.
Walk Score 6 · Bike Score 16
The median asking price in Madsen is $33,250, across 6 active MLS® listings as of August 21, 2026. The average asking price is $43,750. These are list prices on homes currently for sale, not sale prices.
There are 6 active MLS® listings in Madsen as of August 21, 2026. 4 of them came to market in the last 30 days.
Homes currently listed in Madsen have been on the market an average of 45 days as of August 21, 2026. This measures how long active listings have been available so far, not how long they take to sell.
Madsen has a Walk Score of 6 out of 100, which Walk Score classifies as Car-Dependent — almost all errands require a car. Bike Score is 16.