Is Southwest Meade, 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, Southwest Meade was a Seller's Market.
Key Takeaway
Southwest Meade is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Southwest Meade, SD
How much do homes in Southwest Meade, SD cost?
Median Sold Price
$506,250
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Southwest Meade have sold for 26.6% more than they did a year ago.
Summary: The median home sold price in Southwest Meade was $506,250 in May 2024, up 26.6% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $377.5K | $508.7K | +34.8% |
| 3 Bedrooms | $373.6K | $449.9K | +20.4% |
| 4 Bedrooms | $385K | $534.4K | +38.8% |
| 5+ Bedrooms | $724.9K | $615K | -15.2% |
Summary: Southwest Meade housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 34.8%, 3 bedroom homes increased by 20.4%, 4 bedroom homes increased by 38.8%, and 5+ bedroom homes decreased by 15.2%.
Housing Supply in Southwest Meade, SD
How many homes are available in Southwest Meade, SD?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 49 | 64 | +30.6% |
Summary: The Southwest Meade real estate market had 64 homes for sale in May 2024, a 30.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 20 | 23 | +15.0% |
| 4 Bedrooms | 17 | 22 | +29.4% |
| 5+ Bedrooms | 11 | 18 | +63.6% |
Summary: The Southwest Meade 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 remained the same, 3 bedroom homes increased by 15%, 4 bedroom homes increased by 29.4%, and 5+ bedroom homes increased by 63.6%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Southwest Meade, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 7 homes were sold or pending in Southwest Meade in May 2024, up by 16.7% month-over-month. Of the 6 sold homes, 33% were sold under asking, 50% were sold at asking, and 17% were sold over asking.
Days on Market for Southwest Meade, 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.