Is Box Elder, SD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Box Elder has remained a Buyer's Market.
Key Takeaway
Box Elder is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Box Elder, SD
How much do homes in Box Elder, SD cost?
Median Sold Price
$355,164
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Box Elder have sold for 2.4% more than they did a year ago.
Summary: The median home sold price in Box Elder was $355,164 in April 2024, up 2.4% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $602.6K | $322.5K | -46.5% |
| 3 Bedrooms | $284.9K | $352.5K | +23.7% |
| 4 Bedrooms | $362.5K | $357.5K | -1.4% |
| 5+ Bedrooms | $357.4K | $482.2K | +34.9% |
Summary: Box Elder 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 decreased by 46.5%, 3 bedroom homes increased by 23.7%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes increased by 34.9%.
Median Sold Price Compared To Nearby Cities
| Box Elder | $327K | $354.9K | +8.5% |
| Rapid City | $327.5K | $349.7K | +6.8% |
| Box Elder | $347K | $355.1K | +2.4% |
Housing Supply in Box Elder, SD
How many homes are available in Box Elder, SD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 47 | 64 | +36.2% |
Summary: The Box Elder real estate market had 64 homes for sale in April 2024, a 36.2% 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 21 | 23 | +9.5% |
| 4 Bedrooms | 23 | 34 | +47.8% |
| 5+ Bedrooms | 1 | 5 | +400.0% |
Summary: The Box Elder 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 9.5%, 4 bedroom homes increased by 47.8%, and 5+ bedroom homes increased by 400%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Box Elder, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Box Elder in April 2024, up by 50.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 33% 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
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.