$10,000 Closing Credit*
$1,549,000
3,580 SqFt
3 Beds
•2 Full Baths, 1 Partial
JIM ALLISON, Listing Office: ALLISON REAL ESTATE, LLC
Is Sturgis, SD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Sturgis was a Seller's Market.
Key Takeaway
Sturgis is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Sturgis, SD
How much do homes in Sturgis, SD cost?
Median Sold Price
$360,700
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$10,800(+3.1%)
Key Takeaway
Homes in Sturgis have sold for 3.1% more than they did a year ago.
Summary: The median home sold price in Sturgis was $360,700 in October 2024, up 3.1% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $164.5K | N/A |
| 2 Bedrooms | $250.5K | $233K | -7.0% |
| 3 Bedrooms | $329.2K | $327.5K | -0.5% |
| 4 Bedrooms | $405K | $390K | -3.7% |
| 5+ Bedrooms | $747.7K | $490.3K | -34.4% |
Summary: Sturgis housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7%, 3 bedroom homes decreased by 0.5%, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes decreased by 34.4%.
Median Sold Price Compared To Nearby Cities
| Southwest Meade | $440K | $579.9K | +31.8% |
| Sturgis | $349.9K | $360.7K | +3.1% |
Housing Supply in Sturgis, SD
How many homes are available in Sturgis, SD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 66 | 75 | +13.6% |
Summary: The Sturgis real estate market had 75 homes for sale in October 2024, a 13.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 11 | 13 | +18.2% |
| 3 Bedrooms | 23 | 25 | +8.7% |
| 4 Bedrooms | 17 | 21 | +23.5% |
| 5+ Bedrooms | 14 | 15 | +7.1% |
Summary: The Sturgis 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 increased by 18.2%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 23.5%, and 5+ bedroom homes increased by 7.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 10 | 0.0% |
Asking Price vs. Sold Price
7 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 Sturgis, you may be able to get a good deal. 70% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Sturgis in October 2024, the same as the previous month. Of the 10 sold homes, 70% were sold under asking, 20% were sold at asking, and 10% were sold over asking.
Days on Market for Sturgis, 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. 
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the REALTOR® Association of the Sioux Empire, Inc., Multiple Listing Service. Real estate listings held by other brokerage firms are marked with the Internet Data Exchange™ logo or the Internet Data Exchange thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. 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. The broker(s) providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. The REALTOR® Association of the Sioux Empire, Inc. does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.