Is Southwest Meade, SD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Southwest Meade is a buyer's market

Buyer's
Market

Difference Since September 2021

At the same time last year, Southwest Meade was a Seller's Market.

Key Takeaway

Southwest Meade is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Southwest Meade, SD cost?

Median Sold Price

$376,250

$181/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

-$23,750(-5.9%)

Key Takeaway

Homes in Southwest Meade have sold for 5.9% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 --
N/A
2 $410K$707.5K
+72.6%
3 $315K$349.9K
+11.1%
4 $389.7K$353.7K
-9.2%
5+ $535K$520K
-2.8%

Median Sold Price Compared To Nearby Cities

Sturgis
+38.8%
Southwest Meade
-5.9%

How many homes are available in Southwest Meade, SD?

Number of Homes For Sale

Aug 2022Sep 2022%
3345+36.4%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 00
0.0%
2 24
+100.0%
3 1114
+27.3%
4 1316
+23.1%
5+ 711
+57.1%

Number of Homes Sold

Aug 2022Sep 2022%
36+100.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Southwest Meade, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Southwest Meade, SD

Number of homes for sale in Southwest Meade, SD real estate market have reached 45. The inventory of homes for sale in Southwest Meade, SD between August 2022 and September 2022 increased by 36.4%. This housing market listing prices have changed between August 2022 and September 2022: 1 bedroom properties became 0% more expensive, the cost of 2 bedrooms properties went up by 72.6%, prices of 3 bedrooms properties went up by 11.1%, 4 bedrooms properties became 9.2% more cheaper, the cost of 5 bedrooms properties went down by 2.8%. This housing market inventory have changed: number of 1 bedroom homes remained the same, volume of 2 bedrooms homes went up by 100%, 3 bedrooms homes became 27.3% more available, volume of 4 bedrooms homes went up by 23.1%, 5 bedrooms homes inventory increased by 57.1%. In September 2022 more than 1 listings in Southwest Meade, SD were sold above the asking price. During the same period more than 2 listings were sold at asking price, while more than 3 were sold below.

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