Is 57747, 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, 57747 was a Buyer's Market.
Key Takeaway
57747 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 57747, SD
How much do homes in 57747, SD cost?
Median Sold Price
$320,000
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 57747 have sold for 5.8% more than they did a year ago.
Summary: The median home sold price in 57747 was $320,000 in April 2024, up 5.8% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $115K | $230K | +100.0% |
| 2 Bedrooms | $190K | $234.5K | +23.4% |
| 3 Bedrooms | $337.5K | $355K | +5.2% |
| 4 Bedrooms | $330K | $339.5K | +2.9% |
| 5+ Bedrooms | $840K | $468.5K | -44.2% |
Summary: 57747 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 23.4%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes decreased by 44.2%.
Median Sold Price Compared To Nearby Zip Codes
| 57747 | $302.5K | $320K | +5.8% |
| 57730 | $549K | $477K | -13.1% |
Housing Supply in 57747, SD
How many homes are available in 57747, SD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 35 | 39 | +11.4% |
Summary: The 57747 real estate market had 39 homes for sale in April 2024, a 11.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 4 | +100.0% |
| 2 Bedrooms | 13 | 12 | -7.7% |
| 3 Bedrooms | 12 | 14 | +16.7% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The 57747 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 7.7%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 40%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 11 | +120.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 57747, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in 57747 in April 2024, up by 120.0% month-over-month. Of the 10 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for 57747, SD
We’re sorry, we don't have information for this market at the moment
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (IDX) program of Black Hills Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability.