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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sturgis is a neutral's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

Sturgis is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Sturgis, SD

How much do homes in Sturgis, SD cost?

Median Sold Price

$378,000

$181/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$18,000(+5.0%)

Key Takeaway

Homes in Sturgis have sold for 5% more than they did a year ago.

Summary: The median home sold price in Sturgis was $378,000 in November 2024, up 5% from last year, and the median price per square foot was $181.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$164.5K
N/A
2 $245K$256.6K
+4.8%
3 $362K$345K
-4.7%
4 $422.5K$380K
-10.1%
5+ $751K$500K
-33.4%

Summary: Sturgis housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.8%, 3 bedroom homes decreased by 4.7%, 4 bedroom homes decreased by 10.1%, and 5+ bedroom homes decreased by 33.4%.

Housing Supply in Sturgis, SD

How many homes are available in Sturgis, SD?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6863-7.4%

Summary: The Sturgis real estate market had 63 homes for sale in November 2024, a 7.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 1212
0.0%
3 2416
-33.3%
4 1822
+22.2%
5+ 1312
-7.7%

Summary: The Sturgis 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 remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes decreased by 7.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1110-9.1%

Asking Price vs. Sold Price

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

Summary: A total of 10 homes were sold or pending in Sturgis in November 2024, down by 9.1% month-over-month. Of the 10 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Sturgis, 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 Sturgis, SD

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What housing markets are near Sturgis, SD?