Is Lead, 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, Lead was a Seller's Market.
Key Takeaway
Lead is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lead, SD
How much do homes in Lead, SD cost?
Median Sold Price
$342,500
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Lead have sold for 2.1% less than they did a year ago.
Summary: The median home sold price in Lead was $342,500 in May 2024, down 2.1% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | $410K | +215.4% |
| 2 Bedrooms | $185.5K | $200K | +7.8% |
| 3 Bedrooms | $276.5K | $258K | -6.7% |
| 4 Bedrooms | $629K | $667.5K | +6.1% |
| 5+ Bedrooms | $1.0M | $720K | -28.0% |
Summary: Lead housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 215.4%, 2 bedroom homes increased by 7.8%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes decreased by 28%.
Median Sold Price Compared To Nearby Cities
| Deadwood | $338.7K | $408.7K | +20.6% |
| South Lawrence | $695K | $750K | +7.9% |
| Lead | $350K | $342.5K | -2.1% |
Housing Supply in Lead, SD
How many homes are available in Lead, SD?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 68 | 80 | +17.6% |
Summary: The Lead real estate market had 80 homes for sale in May 2024, a 17.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 8 | 13 | +62.5% |
| 3 Bedrooms | 17 | 18 | +5.9% |
| 4 Bedrooms | 21 | 24 | +14.3% |
| 5+ Bedrooms | 20 | 23 | +15.0% |
Summary: The Lead housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 62.5%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 15%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lead, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Lead in May 2024, up by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Lead, SD
We’re sorry, we don't have information for this market at the moment
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (IDX) program of Black Hills Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability.