Is 57793, SD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 57793 is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, 57793 was a Seller's Market.

Key Takeaway

57793 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 57793, SD

How much do homes in 57793, SD cost?

Median Sold Price

$375,000

$264/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$400,000(-51.6%)

Key Takeaway

Homes in 57793 have sold for 51.6% less than they did a month ago.

Summary: The median home sold price in 57793 was $375,000 in November 2024, down 51.6% from last month, and the median price per square foot was $264.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $272K-
N/A
3 $779K$375K
-51.9%
4 --
N/A
5+ $775K-
N/A

Summary: 57793 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 decreased by 51.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 57793, SD

How many homes are available in 57793, SD?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1412-14.3%

Summary: The 57793 real estate market had 12 homes for sale in November 2024, a 14.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 55
0.0%
4 33
0.0%
5+ 32
-33.3%

Summary: The 57793 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 33.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
31-66.7%

Asking Price vs. Sold Price

0 Homes Were 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 57793, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in 57793 in November 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for 57793, 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 57793, SD

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