Is Box Elder, SD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Box Elder has remained a Buyer's Market.
Housing Prices in Box Elder, SD
How much do homes in Box Elder, SD cost?
Median Sold Price
$355,164
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Box Elder was $355,164 in April 2024, up 2.4% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $602.6K | $322.5K | -46.5% |
3 Bedrooms | $284.9K | $352.5K | +23.7% |
4 Bedrooms | $362.5K | $357.5K | -1.4% |
5+ Bedrooms | $357.4K | $482.2K | +34.9% |
Summary: Box Elder housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 46.5%, 3 bedroom homes increased by 23.7%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes increased by 34.9%.
Median Sold Price Compared To Nearby Cities
Box Elder | $327K | $354.9K | +8.5% |
Rapid City | $327.5K | $349.7K | +6.8% |
Box Elder | $347K | $355.1K | +2.4% |
Housing Supply in Box Elder, SD
How many homes are available in Box Elder, SD?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
47 | 64 | +36.2% |
Summary: The Box Elder real estate market had 64 homes for sale in April 2024, a 36.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 21 | 23 | +9.5% |
4 Bedrooms | 23 | 34 | +47.8% |
5+ Bedrooms | 1 | 5 | +400.0% |
Summary: The Box Elder housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 47.8%, and 5+ bedroom homes increased by 400%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 6 | +50.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Box Elder in April 2024, up by 50.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Box Elder, SD
We’re sorry, we don't have information for this market at the moment