Is 57702, SD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 57702 was a Seller's Market.
Housing Prices in 57702, SD
How much do homes in 57702, SD cost?
Median Sold Price
$449,386
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 57702 was $449,386 in March 2024, up 23.5% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $138K | $146K | +5.8% |
2 Bedrooms | $317K | $245K | -22.7% |
3 Bedrooms | $379K | $385K | +1.6% |
4 Bedrooms | $362.5K | $497.5K | +37.2% |
5+ Bedrooms | $580K | $812K | +40.0% |
Summary: 57702 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.8%, 2 bedroom homes decreased by 22.7%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 37.2%, and 5+ bedroom homes increased by 40%.
Median Sold Price Compared To Nearby Zip Codes
57702 | $363.7K | $449.3K | +23.5% |
57701 | $305K | $305K | 0.0% |
Housing Supply in 57702, SD
How many homes are available in 57702, SD?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
96 | 139 | +44.8% |
Summary: The 57702 real estate market had 139 homes for sale in March 2024, a 44.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 17 | 25 | +47.1% |
3 Bedrooms | 23 | 35 | +52.2% |
4 Bedrooms | 40 | 53 | +32.5% |
5+ Bedrooms | 15 | 25 | +66.7% |
Summary: The 57702 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 47.1%, 3 bedroom homes increased by 52.2%, 4 bedroom homes increased by 32.5%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
9 | 11 | +22.2% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in 57702 in March 2024, up by 22.2% month-over-month. Of the 11 sold homes, 64% were sold under asking, 9% were sold at asking, and 27% were sold over asking.
Days on Market for 57702, SD
We’re sorry, we don't have information for this market at the moment