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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 57730 is a buyer's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

57730 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 57730, SD

How much do homes in 57730, SD cost?

Median Sold Price

$462,050

$250/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$11,050(+2.5%)

Key Takeaway

Homes in 57730 have sold for 2.5% more than they did a year ago.

Summary: The median home sold price in 57730 was $462,050 in November 2024, up 2.5% from last year, and the median price per square foot was $250.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $347.4K$245.9K
-29.2%
2 $380K$419K
+10.3%
3 $512.5K$472.5K
-7.8%
4 $507.5K$525K
+3.4%
5+ $611K$408K
-33.2%

Summary: 57730 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 29.2%, 2 bedroom homes increased by 10.3%, 3 bedroom homes decreased by 7.8%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes decreased by 33.2%.

Median Sold Price Compared To Nearby Zip Codes

57730
+2.5%
57747
-6.0%

Housing Supply in 57730, SD

How many homes are available in 57730, SD?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5144-13.7%

Summary: The 57730 real estate market had 44 homes for sale in November 2024, a 13.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 1610
-37.5%
3 1615
-6.3%
4 1011
+10.0%
5+ 87
-12.5%

Summary: The 57730 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 decreased by 37.5%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes increased by 10%, and 5+ bedroom homes decreased by 12.5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
106-40.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 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. 83.3% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in 57730 in November 2024, down by 40.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% 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 21 Days Ago

Newest Listings in 57730, SD

Nearby Markets to 57730, SD