$4,631 Closing Credit*
$390,000
1,176 SqFt
3 Beds
•1 Full Bath, 1 Partial
JOEL HAWKINS, Listing Office: HEARTLAND REAL ESTATE
Is Fall River County, SD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Fall River County was a Seller's Market.
Key Takeaway
Fall River County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Fall River County, SD
How much do homes in Fall River County, SD cost?
Median Sold Price
$275,975
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$225(-0.1%)
Key Takeaway
The sold price of homes in Fall River County has remained the same since last year.
Summary: The median home sold price in Fall River County was $275,975 in November 2024, down 0.1% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $230K | $175K | -23.9% |
| 2 Bedrooms | $205K | $234.5K | +14.4% |
| 3 Bedrooms | $330K | $301.5K | -8.6% |
| 4 Bedrooms | $359K | $314K | -12.5% |
| 5+ Bedrooms | $468.5K | $734.9K | +56.9% |
Summary: Fall River County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 23.9%, 2 bedroom homes increased by 14.4%, 3 bedroom homes decreased by 8.6%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 56.9%.
Median Sold Price Compared To Nearby Counties
| Fall River County | $276.2K | $275.9K | -0.1% |
| Custer County | $499K | $462K | -7.4% |
Housing Supply in Fall River County, SD
How many homes are available in Fall River County, SD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 59 | 68 | +15.3% |
Summary: The Fall River County real estate market had 68 homes for sale in November 2024, a 15.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 5 | +66.7% |
| 2 Bedrooms | 18 | 20 | +11.1% |
| 3 Bedrooms | 21 | 23 | +9.5% |
| 4 Bedrooms | 13 | 15 | +15.4% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Fall River County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Fall River County, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Fall River County in November 2024, the same as the previous month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.
Days on Market for Fall River County, SD
We’re sorry, we don't have information for this market at the moment
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (IDX) program of Black Hills Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability.