Is Central Pennington, SD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Central Pennington was a Seller's Market.
Housing Prices in Central Pennington, SD
How much do homes in Central Pennington, SD cost?
Median Sold Price
$349,000
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Central Pennington was $349,000 in May 2024, down 2.8% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $295K | N/A |
3 Bedrooms | $351.9K | $307.9K | -12.5% |
4 Bedrooms | $359.9K | $386.5K | +7.4% |
5+ Bedrooms | $377K | $488.2K | +29.5% |
Summary: Central Pennington housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 29.5%.
Median Sold Price Compared To Nearby Cities
Rapid City | $345.2K | $358.9K | +4.0% |
Box Elder | $337.4K | $351K | +4.0% |
Central Pennington | $358.9K | $349K | -2.8% |
Housing Supply in Central Pennington, SD
How many homes are available in Central Pennington, SD?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
36 | 52 | +44.4% |
Summary: The Central Pennington real estate market had 52 homes for sale in May 2024, a 44.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 5 | +400.0% |
3 Bedrooms | 11 | 18 | +63.6% |
4 Bedrooms | 17 | 22 | +29.4% |
5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Central Pennington housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 400%, 3 bedroom homes increased by 63.6%, 4 bedroom homes increased by 29.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 3 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Central Pennington in May 2024, down by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Central Pennington, SD
We’re sorry, we don't have information for this market at the moment