Is Fall River County, 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, Fall River County was a Neutral Market.
Key Takeaway
Fall River County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Fall River County, SD
How much do homes in Fall River County, SD cost?
Median Sold Price
$287,500
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Fall River County have sold for 29.2% more than they did a year ago.
Summary: The median home sold price in Fall River County was $287,500 in March 2024, up 29.2% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $120K | $230K | +91.7% |
| 2 Bedrooms | $182.5K | $213K | +16.7% |
| 3 Bedrooms | $225K | $338.5K | +50.4% |
| 4 Bedrooms | $310K | $336K | +8.4% |
| 5+ Bedrooms | $688.7K | $434.2K | -36.9% |
Summary: Fall River County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 91.7%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 50.4%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes decreased by 36.9%.
Median Sold Price Compared To Nearby Counties
| Fall River County | $222.5K | $287.5K | +29.2% |
| Custer County | $562K | $495K | -11.9% |
Housing Supply in Fall River County, SD
How many homes are available in Fall River County, SD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 40 | 47 | +17.5% |
Summary: The Fall River County real estate market had 47 homes for sale in March 2024, a 17.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 17 | 17 | 0.0% |
| 3 Bedrooms | 13 | 17 | +30.8% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Fall River County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes remained the same, 3 bedroom homes increased by 30.8%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
3 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 Fall River County, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Fall River County in March 2024, up by 25.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.
Days on Market for Fall River County, 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.