Every market has seasonal fluctuations and South Dakota is no exception. Seasonal demand varies market to market and can make a major difference in how quickly your sells and how much it sells for.
Conventional wisdom says spring is the best time to sell, but that isn’t always true. An experienced local real estate agent can help you determine when the best time is to sell in your market.
Here’s what you need to know about the best time to sell your home in South Dakota.
Best Time to Sell in South Dakota
The conventional wisdom to sell in spring is true: nationally, homes listed in the spring sell faster and for more money than homes listed in other seasons.
A Zillow analysis found that homes listed in the first two weeks of May sell for $1,600 more than the average listing throughout the year. Homes listed in these two weeks sell for about 0.7% more and six days faster than usual.
In some parts of the country, winter and fall are as good or better than spring, but South Dakota is not one of those places. People moving in South Dakota generally want to make sure they won’t be moving during the winter. Spring and summer tend to be the best months to sell in South Dakota.
If the population of your town varies based on the season, it’s generally a good thing to list your home during the season where most people will see it.
There are other factors to consider when deciding when to sell your house. Every house and every location are different, and different considerations will help you determine what time is the right time to list your home. Local South Dakota real estate agents can talk to you about the specifics of when to sell your home.
Key Factors That Help South Dakota Homes Sell Faster
South Dakota is a very affordable market, with a median home value of $188,600. The market is warm — South Dakota home values have gone up 6.0% over the past year and Zillow predicts they will rise another 4.0% in the next year.
South Dakota is a warm market but it’s also a buyers market. To make your house stand out, liven up your outdoor areas with some landscaping. Repaint dingy walls with bright, neutral colors. Replace dated hardware and light fixtures. These types of small updates can greatly increase your curb appeal and selling price.
3 Tips for Maximizing Your Profits When Selling a Home in South Dakota
There are a few things you can do that will help you sell your South Dakota home faster and for more money.
1. Consider Your Specific Market
Understand your local market. Sioux Falls is not Volin and Volin is not Yankton.
A Competitive Market Analysis (CMA) is one way to determine the right list price for your home. When you conduct a CMA, you will compare your home with similar listings in the area. This will help you price your house more effectively.
Talk to your real estate agent about what your market looks like. — they understand the goal is to sell quickly and for top dollar.
Learn More: Understanding a Comparative Market Analysis
2. Make Impactful Repairs and Renovations
You don’t want to put too much money into your house before you sell it, but if you have the time and money, there are some repairs and renovations that more than make up for their cost in the value they add to your home.
Focus on rooms that draw people in, like the kitchen and bathrooms. Invest in some exterior improvements for curb appeal. Repaint the walls a bright, neutral color. Replace dated light fixtures.
Of course, you’ll have to pick and choose carefully when making repairs. It’s important to ensure the impact on the final price will be greater than the cost of the repair or improvement itself.
Learn More: 6 High-Value, Low-Cost Repairs for Home Sellers
3. Find a Great Real Estate Agent
To get the most money for your home, you need to make sure you’re doing everything you can to get the best price and uncover cost savings opportunities throughout the process. For that, you should work with a top-rated local real estate agent.
An experienced local agent plays a vital role in the selling process. Local agents know the ins and outs of the market. They know what similar properties in the area sell for. They know when to time your listing to get the most for your home. And they can help you through every step of the home buying process.
There are a number of benefits to working with Clever. Clever Partner Agents are all top-rated in their local markets, meaning they know what they’re doing. Partner Agents are full-service, come from major brands and brokerages, and have agreed to offer Clever clients significant discounts for the same level of service and support they give to all their clients.
Fill out our online form and a Clever representative will get in touch to answer questions and connect you with a local Partner Agent for a free, no-obligation consultation.