South Dakota Real Estate Market• Updated
Market Pulse: Opportunity 📈
The South Dakota real estate market is currently a Buyer's Market. Homes are retaining 95% of their value (Sale Price to List Price Ratio). With 1295 active listings and 893 closed sales this month, inventory remains at 1.3 months of supply. Trends over the last half-year show median values moving up by 7%, while Average Days on Market has increased by 33%.
Top Listing & Buyer's Agents in South Dakota
Detached Homes
Townhomes
Mobile/Manufactured Homes
Condo/Co-op
Multi-Family (2-4 Unit)
South Dakota Real Estate Market Trends October 2026
Inventory Breakdown by Segment
| Property Type | Entry Level | High-End | Mid-Market | Ultra-Luxury | Total |
|---|---|---|---|---|---|
| Condo/Co-op | 31 | — | 7 | 1 | 39 |
| Detached Home | 115 | 245 | 452 | 148 | 960 |
| Mobile/Manufactured Home | 28 | 5 | 16 | 3 | 52 |
| Multi-Family (2-4 Unit) | 2 | 10 | 9 | 10 | 31 |
| Townhome | 141 | 6 | 65 | 1 | 213 |
Market Insights & FAQ
How is the real estate market in South Dakota performing right now?
The data indicates a high-intensity environment in South Dakota. Inventory is at 1.3 months, meaning a fast-paced market where inventory is limited. Inventory is critically low, meaning well-priced homes move rapidly often with multiple offers.
What are the current pricing trends for South Dakota real estate?
Currently, $258,000 represents the median entry point in South Dakota. Over the past half-year, home values in South Dakota have moved upward by approximately 7% based on regional transaction data.
Are sellers in South Dakota getting their full asking price?
Buyers have room for negotiation in South Dakota, with a Sale Price to List Price Ratio of 95.1%. On average, properties in South Dakota are transitioning from active to sold status in 72 days.