Is Fall River County, SD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Fall River County was a Buyer's Market.
Housing Prices in Fall River County, SD
How much do homes in Fall River County, SD cost?
Median Sold Price
$290,000
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Fall River County was $290,000 in April 2024, up 26.1% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $115K | $230K | +100.0% |
2 Bedrooms | $178.5K | $218K | +22.1% |
3 Bedrooms | $225K | $338.5K | +50.4% |
4 Bedrooms | $310K | $328K | +5.8% |
5+ Bedrooms | $688.7K | $434.2K | -36.9% |
Summary: Fall River County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 22.1%, 3 bedroom homes increased by 50.4%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes decreased by 36.9%.
Median Sold Price Compared To Nearby Counties
Fall River County | $230K | $290K | +26.1% |
Custer County | $562K | $495K | -11.9% |
Housing Supply in Fall River County, SD
How many homes are available in Fall River County, SD?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
43 | 55 | +27.9% |
Summary: The Fall River County real estate market had 55 homes for sale in April 2024, a 27.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 5 | +66.7% |
2 Bedrooms | 16 | 15 | -6.3% |
3 Bedrooms | 16 | 23 | +43.8% |
4 Bedrooms | 5 | 10 | +100.0% |
5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Fall River County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes increased by 43.8%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 11 | +120.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Fall River County in April 2024, up by 120.0% month-over-month. Of the 10 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Fall River County, SD
We’re sorry, we don't have information for this market at the moment