Is Black Hawk, SD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Black Hawk was a Neutral Market.
Key Takeaway
Black Hawk is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Black Hawk, SD
How much do homes in Black Hawk, SD cost?
Median Sold Price
$505,000
$161/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Black Hawk have sold for 4.1% more than they did a month ago.
Summary: The median home sold price in Black Hawk was $505,000 in April 2024, up 4.1% from last month, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $375K | - | N/A |
| 3 Bedrooms | $485K | $225K | -53.6% |
| 4 Bedrooms | - | $505K | N/A |
| 5+ Bedrooms | $570K | $580K | +1.8% |
Summary: Black Hawk housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 53.6%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 1.8%.
Median Sold Price Compared To Nearby Cities
| Summerset | $375K | $510K | +36.0% |
| Black Hawk | $485K | $505K | +4.1% |
Housing Supply in Black Hawk, SD
How many homes are available in Black Hawk, SD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 20 | 23 | +15.0% |
Summary: The Black Hawk real estate market had 23 homes for sale in April 2024, a 15.0% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 10 | 12 | +20.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Black Hawk 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 remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Black Hawk, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Black Hawk in April 2024, up by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Black Hawk, 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.