Is 57730, SD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 57730 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 57730 has remained a Seller's Market.

Key Takeaway

57730 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 57730, SD

How much do homes in 57730, SD cost?

Median Sold Price

$459,000

$250/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$38,000(-7.6%)

Key Takeaway

Homes in 57730 have sold for 7.6% less than they did a year ago.

Summary: The median home sold price in 57730 was $459,000 in October 2024, down 7.6% from last year, and the median price per square foot was $250.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $347.4K$245.9K
-29.2%
2 $380K$419.5K
+10.4%
3 $525K$454.5K
-13.4%
4 $510K$525K
+2.9%
5+ $653K$408K
-37.5%

Summary: 57730 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 29.2%, 2 bedroom homes increased by 10.4%, 3 bedroom homes decreased by 13.4%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes decreased by 37.5%.

Median Sold Price Compared To Nearby Zip Codes

57747
-6.0%
57730
-7.6%

Housing Supply in 57730, SD

How many homes are available in 57730, SD?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4754+14.9%

Summary: The 57730 real estate market had 54 homes for sale in October 2024, a 14.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1319
+46.2%
3 1817
-5.6%
4 910
+11.1%
5+ 78
+14.3%

Summary: The 57730 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 increased by 46.2%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 14.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
310+233.3%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 57730, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in 57730 in October 2024, up by 233.3% 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 57730, 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 14 Days Ago

Newest Listings in 57730, SD

Nearby Markets to 57730, SD