Is 57785, SD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 57785 has remained a Buyer's Market.
Key Takeaway
57785 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 57785, SD
How much do homes in 57785, SD cost?
Median Sold Price
$354,950
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 57785 have sold for 3% more than they did a year ago.
Summary: The median home sold price in 57785 was $354,950 in March 2024, up 3% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $1.1M | - | N/A |
| 2 Bedrooms | $295K | $235K | -20.3% |
| 3 Bedrooms | $307.5K | $345K | +12.2% |
| 4 Bedrooms | $430K | $415K | -3.5% |
| 5+ Bedrooms | $507.5K | $748.8K | +47.6% |
Summary: 57785 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 20.3%, 3 bedroom homes increased by 12.2%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes increased by 47.6%.
Median Sold Price Compared To Nearby Zip Codes
| 57793 | $365K | $382K | +4.7% |
| 57785 | $344.7K | $354.9K | +3.0% |
Housing Supply in 57785, SD
How many homes are available in 57785, SD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 47 | 55 | +17.0% |
Summary: The 57785 real estate market had 55 homes for sale in March 2024, a 17.0% 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 | 6 | 7 | +16.7% |
| 3 Bedrooms | 16 | 20 | +25.0% |
| 4 Bedrooms | 9 | 9 | 0.0% |
| 5+ Bedrooms | 15 | 18 | +20.0% |
Summary: The 57785 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 16.7%, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 7 | +40.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 57785, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in 57785 in March 2024, up by 40.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 0% were sold at asking, and 43% were sold over asking.
Days on Market for 57785, 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.