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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Deadwood is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Deadwood, SD

How much do homes in Deadwood, SD cost?

Median Sold Price

$411,500

$218/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$63,250(+18.2%)

Key Takeaway

Homes in Deadwood have sold for 18.2% more than they did a year ago.

Summary: The median home sold price in Deadwood was $411,500 in October 2024, up 18.2% from last year, and the median price per square foot was $218.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $150K$279.5K
+86.3%
2 $340K$416K
+22.4%
3 $393.9K$419K
+6.4%
4 $372.5K$402.5K
+8.1%
5+ --
N/A

Summary: Deadwood 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 22.4%, 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 Cities

Deadwood
+18.2%
North Lawrence
+16.5%
South Lawrence
-2.4%

Housing Supply in Deadwood, SD

How many homes are available in Deadwood, SD?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1719+11.8%

Summary: The Deadwood real estate market had 19 homes for sale in October 2024, a 11.8% 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 44
0.0%
5+ 22
0.0%

Summary: The Deadwood 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 Deadwood, 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 Deadwood 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 Deadwood, 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 9 Days Ago

Newest Listings in Deadwood, SD

Nearby Markets to Deadwood, SD

What housing markets are near Deadwood, SD?