Is Sturgis, 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, Sturgis was a Seller's Market.
Housing Prices in Sturgis, SD
How much do homes in Sturgis, SD cost?
Median Sold Price
$345,000
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Sturgis was $345,000 in April 2024, up 7.8% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $300K | $235K | -21.7% |
3 Bedrooms | $282K | $353.5K | +25.4% |
4 Bedrooms | $335K | $415K | +23.9% |
5+ Bedrooms | $550K | $485.1K | -11.8% |
Summary: Sturgis 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 21.7%, 3 bedroom homes increased by 25.4%, 4 bedroom homes increased by 23.9%, and 5+ bedroom homes decreased by 11.8%.
Median Sold Price Compared To Nearby Cities
Southwest Meade | $382K | $518.5K | +35.7% |
Sturgis | $320K | $345K | +7.8% |
Housing Supply in Sturgis, SD
How many homes are available in Sturgis, SD?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
50 | 61 | +22.0% |
Summary: The Sturgis real estate market had 61 homes for sale in April 2024, a 22.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 6 | 5 | -16.7% |
3 Bedrooms | 18 | 23 | +27.8% |
4 Bedrooms | 10 | 14 | +40.0% |
5+ Bedrooms | 15 | 18 | +20.0% |
Summary: The Sturgis 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 decreased by 16.7%, 3 bedroom homes increased by 27.8%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 10 | +11.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Sturgis in April 2024, up by 11.1% month-over-month. Of the 10 sold homes, 70% were sold under asking, 30% were sold at asking, and 0% were sold over asking.
Days on Market for Sturgis, SD
We’re sorry, we don't have information for this market at the moment