Is 57719, SD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 57719 is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, 57719 has remained a Buyer's Market.

Key Takeaway

57719 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 57719, SD

How much do homes in 57719, SD cost?

Median Sold Price

$506,200

$243/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$151,250(+42.6%)

Key Takeaway

Homes in 57719 have sold for 42.6% more than they did a month ago.

Summary: The median home sold price in 57719 was $506,200 in November 2024, up 42.6% from last month, and the median price per square foot was $243.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $320K$352.5K
+10.2%
4 $363K-
N/A
5+ -$659.9K
N/A

Summary: 57719 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 10.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

57719
+42.6%
57769
-5.9%

Housing Supply in 57719, SD

How many homes are available in 57719, SD?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5158+13.7%

Summary: The 57719 real estate market had 58 homes for sale in November 2024, a 13.7% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 810
+25.0%
3 2628
+7.7%
4 1517
+13.3%
5+ 23
+50.0%

Summary: The 57719 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
73-57.1%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 57719, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 57719 in November 2024, down by 57.1% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for 57719, 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 23 Days Ago

Newest Listings in 57719, SD

Nearby Markets to 57719, SD