Is 57717, SD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 57717 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 57717 was a Seller's Market.

Key Takeaway

57717 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 57717, SD

How much do homes in 57717, SD cost?

Median Sold Price

$303,000

$164/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$34,000(-10.1%)

Key Takeaway

Homes in 57717 have sold for 10.1% less than they did a year ago.

Summary: The median home sold price in 57717 was $303,000 in November 2024, down 10.1% from last year, and the median price per square foot was $164.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $150K$75K
-50.0%
2 $164K$219.5K
+33.8%
3 $285K$352K
+23.5%
4 $324K$325K
0.3%
5+ $417.5K$430K
+3.0%

Summary: 57717 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 33.8%, 3 bedroom homes increased by 23.5%, 4 bedroom homes increased by 0.3%, and 5+ bedroom homes increased by 3%.

Median Sold Price Compared To Nearby Zip Codes

57783
+7.2%
57717
-10.1%

Housing Supply in 57717, SD

How many homes are available in 57717, SD?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3338+15.2%

Summary: The 57717 real estate market had 38 homes for sale in November 2024, a 15.2% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 01
+100.0%
2 54
-20.0%
3 1112
+9.1%
4 912
+33.3%
5+ 89
+12.5%

Summary: The 57717 housing inventory by bedroom type for November 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 9.1%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 12.5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
54-20.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 57717, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 57717 in November 2024, down by 20.0% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 57717, SD

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

Newest Listings in 57717, SD

Nearby Markets to 57717, SD