Is Sturgis, 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, Sturgis was a Seller's Market.
Housing Prices in Sturgis, SD
How much do homes in Sturgis, SD cost?
Median Sold Price
$359,900
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Sturgis was $359,900 in May 2024, up 7.4% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $1.1M | - | N/A |
2 Bedrooms | $300K | $235K | -21.7% |
3 Bedrooms | $302K | $375K | +24.2% |
4 Bedrooms | $420K | $425K | +1.2% |
5+ Bedrooms | $550K | $485.1K | -11.8% |
Summary: Sturgis 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 decreased by 21.7%, 3 bedroom homes increased by 24.2%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes decreased by 11.8%.
Median Sold Price Compared To Nearby Cities
Southwest Meade | $399.9K | $506.2K | +26.6% |
Sturgis | $335K | $359.9K | +7.4% |
Housing Supply in Sturgis, SD
How many homes are available in Sturgis, SD?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
60 | 70 | +16.7% |
Summary: The Sturgis real estate market had 70 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 | 1 | 2 | +100.0% |
2 Bedrooms | 5 | 4 | -20.0% |
3 Bedrooms | 21 | 25 | +19.0% |
4 Bedrooms | 16 | 22 | +37.5% |
5+ Bedrooms | 17 | 17 | 0.0% |
Summary: The Sturgis housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 19%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 9 | -25.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Sturgis in May 2024, down by 25.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 33% were sold at asking, and 11% were sold over asking.
Days on Market for Sturgis, SD
We’re sorry, we don't have information for this market at the moment