Is 57732, SD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 57732 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 57732 has remained a Seller's Market.

Key Takeaway

57732 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 57732, SD

How much do homes in 57732, SD cost?

Median Sold Price

$404,000

$199/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$55,750(+16.0%)

Key Takeaway

Homes in 57732 have sold for 16% more than they did a year ago.

Summary: The median home sold price in 57732 was $404,000 in October 2024, up 16% from last year, and the median price per square foot was $199.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $150K$279.5K
+86.3%
2 $340K$404K
+18.8%
3 $393.9K$419K
+6.4%
4 $372.5K$402.5K
+8.1%
5+ --
N/A

Summary: 57732 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 86.3%, 2 bedroom homes increased by 18.8%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

57732
+16.0%
57702
+5.2%
57754
-21.5%

Housing Supply in 57732, SD

How many homes are available in 57732, SD?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1618+12.5%

Summary: The 57732 real estate market had 18 homes for sale in October 2024, a 12.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 32
-33.3%
3 710
+42.9%
4 33
0.0%
5+ 22
0.0%

Summary: The 57732 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 decreased by 33.3%, 3 bedroom homes increased by 42.9%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
15+400.0%

Asking Price vs. Sold Price

5 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 57732, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in 57732 in October 2024, up by 400.0% month-over-month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 57732, 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 57732, SD

Nearby Markets to 57732, SD