Is Sturgis, SD a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Sturgis is a 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



Based on all homes sold in the last 12 months.

Difference Since April 2022


Key Takeaway

Homes in Sturgis have sold for 16.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSApr 2022Apr 2023%
1 $174.9K-
2 $216.5K$287.5K
3 $270K$282K
4 $290K$335K
5+ $386K$550K

How many homes are available in Sturgis, SD?

Number of Homes For Sale

Mar 2023Apr 2023%

Homes For Sale By Bedroom Count

# BEDSMar 2023Apr 2023%
1 11
2 810
3 1319
4 1415
5+ 58

Number of Homes Sold

Mar 2023Apr 2023%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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.

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

About Sturgis, SD

Sturgis, SD has 53 homes for sale to choose from. The inventory of homes for sale in Sturgis, SD between March 2023 and April 2023 increased by 29.3%. Real estate listing prices changed between March 2023 and April 2023: prices of 1 bedroom properties increased by 0%, 2 bedrooms properties became 32.8% more expensive, the cost of 3 bedrooms properties went up by 4.4%, 4 bedrooms properties became 15.5% more expensive, the cost of 5 bedrooms properties went up by 42.5%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes did not move, number of 2 bedrooms homes increased by 25%, the quantity of 3 bedrooms homes went up by 46.2%, volume of 4 bedrooms homes went up by 7.1%, number of 5 bedrooms homes increased by 60%. In April 2023, from all listings sold in Sturgis, SD there were more than 2 sold above asking price, over 2 sold below and more than 1 were sold right at the asked price.

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