Is West Pennington, SD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Pennington is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, West Pennington has remained a Seller's Market.

Key Takeaway

West Pennington is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in West Pennington, SD

How much do homes in West Pennington, SD cost?

Median Sold Price

$515,000

$383/sqft

Based on all homes sold in February 2024.

Difference Since Last Month

-$393,750(-43.3%)

Key Takeaway

Homes in West Pennington have sold for 43.3% less than they did a month ago.

Summary: The median home sold price in West Pennington was $515,000 in February 2024, down 43.3% from last month, and the median price per square foot was $383.

Median Sold Price By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 -$450K
N/A
2 -$815K
N/A
3 -$515K
N/A
4 $908.7K-
N/A
5+ --
N/A

Summary: West Pennington housing prices by bedroom type for February 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

West Pennington
-43.3%
Hill City
-46.9%

Housing Supply in West Pennington, SD

How many homes are available in West Pennington, SD?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
78+14.3%

Summary: The West Pennington real estate market had 8 homes for sale in February 2024, a 14.3% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 01
+100.0%
2 11
0.0%
3 22
0.0%
4 43
-25.0%
5+ 01
+100.0%

Summary: The West Pennington housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Pennington, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in West Pennington in February 2024, up by 50.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for West Pennington, SD

We’re sorry, we don't have information for this market at the moment

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

Report Updated 28 Days Ago

Newest Listings in West Pennington, SD

Nearby Markets to West Pennington, SD

What housing markets are near West Pennington, SD?