Is Box Elder, 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, Box Elder was a Neutral Market.
Housing Prices in Box Elder, SD
How much do homes in Box Elder, SD cost?
Median Sold Price
$355,000
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Box Elder was $355,000 in March 2024, up 3.2% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $280.2K | $322.5K | +15.1% |
3 Bedrooms | $278.2K | $350K | +25.8% |
4 Bedrooms | $383K | $356.2K | -7.0% |
5+ Bedrooms | $350K | $475K | +35.7% |
Summary: Box Elder 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 increased by 15.1%, 3 bedroom homes increased by 25.8%, 4 bedroom homes decreased by 7%, and 5+ bedroom homes increased by 35.7%.
Median Sold Price Compared To Nearby Cities
Rapid City | $325K | $354K | +8.9% |
Box Elder | $344K | $355K | +3.2% |
Housing Supply in Box Elder, SD
How many homes are available in Box Elder, SD?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
45 | 70 | +55.6% |
Summary: The Box Elder real estate market had 70 homes for sale in March 2024, a 55.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 4 | +33.3% |
3 Bedrooms | 21 | 34 | +61.9% |
4 Bedrooms | 21 | 30 | +42.9% |
5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Box Elder 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 33.3%, 3 bedroom homes increased by 61.9%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2 | 4 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Box Elder in March 2024, up by 100.0% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Box Elder, SD
We’re sorry, we don't have information for this market at the moment