6 cities with year-over-year price decreases
-31.0%
Biggest Drop
-11.6%
Avg Decline
Price drops can signal buying opportunities. These markets may offer better negotiating leverage and more affordable entry points compared to last year.
| # | City | YoY Change | Median Price | Days on Market | Months Supply |
|---|---|---|---|---|---|
| 1 | Huron | -31.0% | $159K | 78 days | 1.3 mo |
| 2 | Tea | -19.2% | $364K | 155 days | 4.8 mo |
| 3 | Pierre | -10.2% | $265K | 42 days | 4.4 mo |
| 4 | Harrisburg | -7.6% | $330K | 36 days | 2.8 mo |
| 5 | Rapid City | -0.9% | $343K | 69 days | 3.8 mo |
| 6 | Rapid Valley | -0.8% | $321K | 78 days | 2.0 mo |
6 cities in South Dakota are experiencing year-over-year price declines. The largest drop is in Huron at -31.0%.
Price drops can create buying opportunities, but timing the market is difficult. Work with a local agent who understands whether a market is stabilizing or may continue to decline.
Work with a local agent who can help you identify value in changing markets.
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