Housing Prices in Tea, SD

How much do homes in Tea, SD cost?

Median List Price

$390,000

$288/sqft

Based on all homes listed in March 2024.

Difference Since Last Month

-$56,300(-12.6%)

Key Takeaway

The list price of homes in Tea has decreased by 12.6% since February.

Summary: The median home list price in Tea was $390,000 in March 2024, down 12.6% from the previous month, and the median price per square foot was $288.

Median List Price By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 --
N/A
2 $323.8K$323.8K
0.0%
3 $525K$448.5K
-14.6%
4 $413.3K$432.8K
+4.7%
5+ $400.9K$456.3K
+13.8%

Summary: Tea housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 14.6%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 13.8%.

Median List Price Compared To Nearby Cities

Delapre Township
-4.7%
Tea
-12.6%

Housing Supply in Tea, SD

How many homes are available in Tea, SD?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
2441+70.8%

Summary: The Tea real estate market had 41 homes for sale in March 2024, a 70.8% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 57
+40.0%
3 1123
+109.1%
4 67
+16.7%
5+ 24
+100.0%

Summary: The Tea 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 40%, 3 bedroom homes increased by 109.1%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 100%.

Days on Market for Tea, SD

How long does it take to sell a home in Tea, SD?

Average Listing Age

Feb 2024Mar 2024CHANGE
73 Days66 Days-8.9%

Summary: Homes in Tea had an average listing age of 66 days in Mar 2024, down by 8.9% compared to the previous month.

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

Report Updated 26 Days Ago

Newest Listings in Tea, SD

Nearby Markets to Tea, SD

What housing markets are near Tea, SD?