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 May 2023
At the same time last year, Fall River County was a Seller's Market.
Housing Prices in Fall River County, SD
How much do homes in Fall River County, SD cost?
Median Sold Price
$290,000
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Fall River County was $290,000 in May 2024, up 9.8% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $130K | $150K | +15.4% |
2 Bedrooms | $167K | $220K | +31.7% |
3 Bedrooms | $275K | $330K | +20.0% |
4 Bedrooms | $310K | $336K | +8.4% |
5+ Bedrooms | $467.5K | $468.5K | 0.2% |
Summary: Fall River County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.4%, 2 bedroom homes increased by 31.7%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 0.2%.
Median Sold Price Compared To Nearby Counties
Fall River County | $264K | $290K | +9.8% |
Custer County | $575K | $462K | -19.6% |
Housing Supply in Fall River County, SD
How many homes are available in Fall River County, SD?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
54 | 63 | +16.7% |
Summary: The Fall River County real estate market had 63 homes for sale in May 2024, a 16.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 5 | +25.0% |
2 Bedrooms | 16 | 14 | -12.5% |
3 Bedrooms | 23 | 26 | +13.0% |
4 Bedrooms | 9 | 13 | +44.4% |
5+ Bedrooms | 2 | 5 | +150.0% |
Summary: The Fall River County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 44.4%, and 5+ bedroom homes increased by 150%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
11 | 8 | -27.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Fall River County in May 2024, down by 27.3% month-over-month. Of the 8 sold homes, 38% were sold under asking, 25% were sold at asking, and 38% 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