Is Meade County, SD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Meade County has remained a Buyer's Market.
Housing Prices in Meade County, SD
How much do homes in Meade County, SD cost?
Median Sold Price
$390,000
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Meade County was $390,000 in March 2024, up 10.6% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $1.1M | - | N/A |
2 Bedrooms | $297.5K | $250K | -16.0% |
3 Bedrooms | $320K | $365K | +14.1% |
4 Bedrooms | $389.2K | $432.5K | +11.1% |
5+ Bedrooms | $465K | $615K | +32.3% |
Summary: Meade County 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 decreased by 16%, 3 bedroom homes increased by 14.1%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 32.3%.
Median Sold Price Compared To Nearby Counties
Butte County | $259K | $310.5K | +19.9% |
Meade County | $352.5K | $390K | +10.6% |
Lawrence County | $413.3K | $449.6K | +8.8% |
Pennington County | $348K | $355.2K | +2.1% |
Housing Supply in Meade County, SD
How many homes are available in Meade County, SD?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
77 | 100 | +29.9% |
Summary: The Meade County real estate market had 100 homes for sale in March 2024, a 29.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 9 | 10 | +11.1% |
3 Bedrooms | 24 | 32 | +33.3% |
4 Bedrooms | 21 | 28 | +33.3% |
5+ Bedrooms | 22 | 29 | +31.8% |
Summary: The Meade County 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 11.1%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 31.8%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 11 | +37.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Meade County in March 2024, up by 37.5% month-over-month. Of the 11 sold homes, 64% were sold under asking, 9% were sold at asking, and 27% were sold over asking.
Days on Market for Meade County, SD
We’re sorry, we don't have information for this market at the moment