Is 57703, SD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 57703 was a Seller's Market.
Housing Prices in 57703, SD
How much do homes in 57703, SD cost?
Median Sold Price
$350,000
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 57703 was $350,000 in April 2024, down 5.4% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $273.9K | $305K | +11.3% |
3 Bedrooms | $364.9K | $327K | -10.4% |
4 Bedrooms | $379.9K | $362.9K | -4.5% |
5+ Bedrooms | $429K | $432.4K | +0.8% |
Summary: 57703 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.3%, 3 bedroom homes decreased by 10.4%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes increased by 0.8%.
Housing Supply in 57703, SD
How many homes are available in 57703, SD?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
63 | 96 | +52.4% |
Summary: The 57703 real estate market had 96 homes for sale in April 2024, a 52.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 12 | 17 | +41.7% |
3 Bedrooms | 20 | 31 | +55.0% |
4 Bedrooms | 23 | 38 | +65.2% |
5+ Bedrooms | 8 | 10 | +25.0% |
Summary: The 57703 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 41.7%, 3 bedroom homes increased by 55%, 4 bedroom homes increased by 65.2%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 7 | +133.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 7 homes were sold or pending in 57703 in April 2024, up by 133.3% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for 57703, SD
We’re sorry, we don't have information for this market at the moment