Is Sturgis, SD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2022
At the same time last year, Sturgis was a Seller's Market.
Key Takeaway
Sturgis is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
How much do homes in Sturgis, SD cost?
Median Sold Price
$315,000
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2022
+$45,000(+16.7%)
Key Takeaway
Homes in Sturgis have sold for 16.7% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | Apr 2022 | Apr 2023 | % |
|---|---|---|---|
| 1 Bedroom | $174.9K | - | N/A |
| 2 Bedrooms | $216.5K | $287.5K | +32.8% |
| 3 Bedrooms | $270K | $282K | +4.4% |
| 4 Bedrooms | $290K | $335K | +15.5% |
| 5+ Bedrooms | $386K | $550K | +42.5% |
How many homes are available in Sturgis, SD?
Number of Homes For Sale
| Mar 2023 | Apr 2023 | % |
|---|---|---|
| 41 | 53 | +29.3% |
Homes For Sale By Bedroom Count
| # BEDS | Mar 2023 | Apr 2023 | % |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 8 | 10 | +25.0% |
| 3 Bedrooms | 13 | 19 | +46.2% |
| 4 Bedrooms | 14 | 15 | +7.1% |
| 5+ Bedrooms | 5 | 8 | +60.0% |
Number of Homes Sold
| Mar 2023 | Apr 2023 | % |
|---|---|---|
| 3 | 5 | +66.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sturgis, you may be able to get a good deal. 40% of homes here sold below asking price last month.
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.