Is Belle Fourche, SD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Belle Fourche is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Belle Fourche was a Seller's Market.

Key Takeaway

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

Housing Prices in Belle Fourche, SD

How much do homes in Belle Fourche, SD cost?

Median Sold Price

$303,000

$164/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$34,000(-10.1%)

Key Takeaway

Homes in Belle Fourche have sold for 10.1% less than they did a year ago.

Summary: The median home sold price in Belle Fourche was $303,000 in November 2024, down 10.1% from last year, and the median price per square foot was $164.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $150K$75K
-50.0%
2 $164K$219.5K
+33.8%
3 $285K$352K
+23.5%
4 $324K$325K
0.3%
5+ $417.5K$430K
+3.0%

Summary: Belle Fourche housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 33.8%, 3 bedroom homes increased by 23.5%, 4 bedroom homes increased by 0.3%, and 5+ bedroom homes increased by 3%.

Housing Supply in Belle Fourche, SD

How many homes are available in Belle Fourche, SD?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3338+15.2%

Summary: The Belle Fourche real estate market had 38 homes for sale in November 2024, a 15.2% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 01
+100.0%
2 54
-20.0%
3 1112
+9.1%
4 912
+33.3%
5+ 89
+12.5%

Summary: The Belle Fourche housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 12.5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
54-20.0%

Asking Price vs. Sold Price

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

Summary: A total of 4 homes were sold or pending in Belle Fourche in November 2024, down by 20.0% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Belle Fourche, 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 20 Days Ago

Newest Listings in Belle Fourche, SD

Nearby Markets to Belle Fourche, SD