2026 Market Report & Data · Data through May 2026 · Source: Redfin
$347K
Median Price
49
Days on Market
3.1
Months Supply
+3.0%
YoY Change
Balanced Market
Market Type
4
cities with 6+ months supply
28
cities with 3-6 months supply
51
cities with <3 months supply
Ranked by lowest median home price.
| City | Median Price | DOM |
|---|---|---|
| 1. Westport | $19K | 110d |
| 2. Ferney | $22K | 45d |
| 3. Monroe | $30K | 90d |
| 4. Stratford | $35K | 189d |
| 5. Claremont | $40K | 147d |
| 6. Hosmer | $42K | 40d |
| 7. Wessington | $50K | 147d |
| 8. Hazel | $52K | 53d |
| 9. Elkton | $55K | 30d |
| 10. Hitchcock | $60K | 80d |
Ranked by highest median home price.
| City | Median Price | DOM |
|---|---|---|
| 1. Lake Poinsett | $715K | 31d |
| 2. Johnson Siding | $711K | 343d |
| 3. Hill City | $646K | 124d |
| 4. Caputa | $635K | 85d |
| 5. Colonial Pine Hills | $613K | 33d |
| 6. Shindler | $608K | 184d |
| 7. Mountain Plains | $579K | 312d |
| 8. Mina | $575K | 28d |
| 9. Dakota Dunes | $530K | 33d |
| 10. Blucksberg Mountain | $525K | 313d |
4 cities have more than 6 months of inventory — buyers can negotiate.
| City | Months Supply | Median Price | DOM |
|---|---|---|---|
| 1. Fort Pierre | 12.0 mo | $511K | 10d |
| 2. North Spearfish | 11.0 mo | $425K | 38d |
| 3. Lead | 7.0 mo | $255K | 34d |
| 4. Box Elder | 6.6 mo | $400K | 79d |
51 cities have less than 3 months of inventory — sellers have the advantage.
| City | Months Supply | Median Price | DOM |
|---|---|---|---|
| 1. Baltic | 0.5 mo | $446K | 26d |
| 2. Henry | 0.5 mo | $156K | 46d |
| 3. Spencer | 0.5 mo | $247K | 109d |
| 4. Wonderland Homes | 0.5 mo | $263K | 51d |
| 5. Dell Rapids | 0.6 mo | $370K | 28d |
| 6. Piedmont | 0.8 mo | $284K | 31d |
| 7. Ashland Heights | 1.0 mo | $290K | 55d |
| 8. Blucksberg Mountain | 1.0 mo | $525K | 313d |
| 9. Bowdle | 1.0 mo | $70K | 180d |
| 10. Chancellor | 1.0 mo | $300K | 2d |
Cities where homes sell fastest, ranked by lowest median days on market.
| City | Days on Market | Median Price |
|---|---|---|
| 1. Ethan | 1d | $315K |
| 2. Chancellor | 2d | $300K |
| 3. Mansfield | 2d | $128K |
| 4. Meckling | 2d | $125K |
| 5. Colton | 3d | $210K |
| 6. Fairview | 3d | $215K |
| 7. North Sioux City | 3d | $268K |
| 8. Renner Corner | 3d | $225K |
| 9. Richland | 3d | $110K |
| 10. Anderson | 4d | $415K |
Cities with the largest year-over-year price gains. Appreciation can signal momentum, but also affordability pressure.
| City | YoY Change | Median Price |
|---|---|---|
| 1. Vermillion | +44.4% | $335K |
| 2. Huron | +30.9% | $222K |
| 3. Dakota Dunes | +24.4% | $530K |
| 4. Tea | +20.4% | $395K |
| 5. Lead | +17.6% | $255K |
| 6. Harrisburg | +11.0% | $383K |
| 7. Box Elder | +10.2% | $400K |
| 8. Pierre | +8.8% | $288K |
| 9. Watertown | +6.9% | $302K |
| 10. Yankton | +6.3% | $274K |
Cities with year-over-year price declines. These can be buying opportunities — or signals of softening demand.
| City | YoY Change | Median Price |
|---|---|---|
| 1. Mitchell | -27.9% | $207K |
| 2. Aberdeen | -20.0% | $237K |
| 3. Spearfish | -14.5% | $432K |
| 4. Brandon | -4.4% | $390K |
| 5. Sturgis | -3.8% | $383K |
The South Dakota housing market currently shows balanced market conditions, with a median sale price of $347K and 3.1 months of inventory supply. Homes in South Dakota typically sell in 49 days.
Whether you're buying or selling in South Dakota, working with a local real estate agent who understands these market dynamics can help you achieve the best outcome. Our network of verified agents across South Dakota provides expert guidance tailored to your specific city and neighborhood.
South Dakota is currently classified as a balanced market based on months of supply data. The market is relatively balanced, offering fair conditions for both buyers and sellers. Market conditions vary by city, so check local data for your specific area.
The median home price in South Dakota is approximately $347K as of May 2026. Prices range significantly across the state, with Lake Poinsett among the most expensive areas and Westport offering more affordable options. Work with a local real estate agent for the most current pricing in your target neighborhoods.
Selling timelines in South Dakota vary by city and market conditions. The fastest-selling markets include Ethan with a median of 1 days on market. Factors like pricing strategy, home condition, location, and seasonality all affect how quickly a home sells. A skilled listing agent can help price and market your home for a faster sale.
Whether to buy in South Dakota depends on your personal finances, timeline, and target market. Balanced conditions offer a fair environment for well-prepared buyers. Consider factors like mortgage rates, your job stability, how long you plan to stay, and local price trends. Consult with a local real estate agent who can advise on specific neighborhoods.
Start by researching agents with proven experience in your target South Dakota market. Look for agents with strong local transaction history, positive client reviews, and expertise in your price range. Interview at least 2-3 agents before choosing. Ask about their recent sales, marketing strategy, and communication style. Our directory features verified agents across South Dakota to help you find the right match.
Connect with a local expert who knows your market.
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