$6,234 Closing Credit*
$525,000
3,044 SqFt
5 Beds
•3 Full Baths
#82398, Listing Office: NavX Realty
Is 57718, SD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 57718 has remained a Seller's Market.
Key Takeaway
57718 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 57718, SD
How much do homes in 57718, SD cost?
Median Sold Price
$470,000
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$142,500(+43.5%)
Key Takeaway
Homes in 57718 have sold for 43.5% more than they did a year ago.
Summary: The median home sold price in 57718 was $470,000 in October 2024, up 43.5% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $297.4K | $303.7K | +2.1% |
| 3 Bedrooms | $278K | $350K | +25.9% |
| 4 Bedrooms | $345K | $505K | +46.4% |
| 5+ Bedrooms | $425K | $589.9K | +38.8% |
Summary: 57718 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.1%, 3 bedroom homes increased by 25.9%, 4 bedroom homes increased by 46.4%, and 5+ bedroom homes increased by 38.8%.
Housing Supply in 57718, SD
How many homes are available in 57718, SD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 19 | +90.0% |
Summary: The 57718 real estate market had 19 homes for sale in October 2024, a 90.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 3 | 6 | +100.0% |
| 4 Bedrooms | 4 | 8 | +100.0% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The 57718 housing inventory by bedroom type for October 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 100%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 5 | +400.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 57718, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in 57718 in October 2024, up by 400.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market for 57718, 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.