Is Lead, 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, Lead was a Seller's Market.
Housing Prices in Lead, SD
How much do homes in Lead, SD cost?
Median Sold Price
$338,500
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Lead was $338,500 in March 2024, up 45.3% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $120K | $410K | +241.7% |
2 Bedrooms | $160K | $190K | +18.8% |
3 Bedrooms | $245K | $248K | +1.2% |
4 Bedrooms | $262.5K | $667.5K | +154.3% |
5+ Bedrooms | $716.2K | $885K | +23.6% |
Summary: Lead housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 241.7%, 2 bedroom homes increased by 18.8%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 154.3%, and 5+ bedroom homes increased by 23.6%.
Housing Supply in Lead, SD
How many homes are available in Lead, SD?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
47 | 57 | +21.3% |
Summary: The Lead real estate market had 57 homes for sale in March 2024, a 21.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 6 | 6 | 0.0% |
3 Bedrooms | 12 | 15 | +25.0% |
4 Bedrooms | 15 | 19 | +26.7% |
5+ Bedrooms | 14 | 16 | +14.3% |
Summary: The Lead housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 26.7%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
Feb 2024 | Mar 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
Summary: A total of 4 homes were sold or pending in Lead in March 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 Lead, SD
We’re sorry, we don't have information for this market at the moment