When Is the Best Time to Sell a House in South Dakota?

By 

Thomas O'Shaughnessy

Updated 

March 25th, 2020

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If you’re thinking of selling your South Dakota home in 2020, here are the best (and worst) times of year to do it, by the numbers.

Updated March 25, 2020

When selling a home in South Dakota, timing isn’t everything; however, it can certainly influence how long it takes and the price you’re ultimately able to get.

If you have some flexibility with your sale, it’s worth doing some market research to boost your chances of getting the best outcome possible.

In terms of price, the best month to sell a house in South Dakota is December. The median sale price for South Dakota homes in December is $206,211, which is $3,126 more than the annual average.

The best month to sell a house fast in South Dakota is July. South Dakota homes sold in July are on the market for an average of 63, which is 15 days faster than the annual average.

Of course, this is just a small piece of the overall picture. Below, we’ve compiled some of the most important data to consider before deciding when to sell your South Dakota home, including monthly inventory, sale prices, sale-to-list ratios, days on market, and more.

The best time of year to sell a house in South Dakota

Determining the “right” time to sell your house is somewhat subjective, as it really depends on your specific goals and circumstances. That said, if you’re like most sellers — i.e., your top priorities are selling high and fast — here’s when you should list your South Dakota house.

Best month for:MonthTypical sale price premium*Days sold faster than average*
PriceDecember$3,126-6 days
SpeedJuly$27315 days

Source: Zillow Research, Jan-Dec 2019

*Negative values indicate when a month is best for one priority (speed or price) but below the annual average for the other

Importantly, these trends can vary from region to region. The table below shows the most lucrative months to sell for five major cities in South Dakota.

CityBest month to sellTypical sale price premium
Rapid CityDecember$9,442
BrookingsDecember$22,458
YanktonJanuary$22,433
WatertownDecember$2,874
AberdeenDecember$1,021

Source: Zillow Research, Jan-Dec 2018

South Dakota real estate market trends

Zooming back out to the national level, housing market activity — that is, the number of active listings and sales — is cyclical, peaking in late spring and hitting its annual low towards the end of the year.

Active listings and volume of home sales since 2016

Source: Realtor.com, Jul 2016-Feb 2020 

As you can see above, the overall volume of pending sales — which is a good gauge of buyer demand — reliably spikes in May. So is listing in late spring always going to be the best move? Not necessarily.

That corresponding spike in inventory (number of active listings) also means more competition. Depending on factors like your property’s age, condition, location, etc., this could actually make it more difficult and/or expensive to sell.

Moreover, these trends vary considerably on state, regional, and local levels. To provide a more comprehensive picture of seasonal housing market trends in South Dakota, we’ve compiled some of the most important data points below, along with some simple definitions and advice.

Quick Tip: The right time to sell can even vary by neighborhood. And the best local advice is free!

The best time to sell isn’t just based on broader, constantly changing economic factors (interest rates, job growth, financial markets, etc.). It depends on micro-level, local market activity too. If you want advice on the best time to sell in your area specifically, talk to an experienced real estate agent who works there.

Enter your basic info below to connect with local top realtors. It’s your chance to get free advice on when to sell, tips for getting your home market-ready, and a professional pricing consultation.

BONUS: Our service is 100% free. And there’s never any obligation to sign with any agent you talk to. But if you do decide to work with an agent you meet, you’ll also get a reduced commission rate exclusive to Clever home sellers!

Median sale price in South Dakota by month

Month with highest median sale priceMedian sale pricePremium over annual average
December$206,211$3,126

Source: Zillow Research, Jan 2019-Dec 2019

Median sale prices can help you understand when home sale prices for South Dakota homes are typically at their annual high and low. When you zoom out and look at median sale prices over the course of a larger span of time — say, several years — it can also indicate broader trends, like home value appreciation and increasing buyer demand. The graph below shows median sale price trends in South Dakota during 2019.

MonthMedian sale price in South Dakota
January$199,796
February$200,488
March$201,158
April$201,818
May$202,343
June$202,869
July$203,358
August$203,943
September$204,479
October$205,016
November$205,546
December$206,211
Annual average sale price in South Dakota$203,085

Source: Zillow Research, Jan 2019-Dec 2019

Median days on market (DOM) in South Dakota by month

Fastest month to sell in South DakotaMedian DOMDays sold faster than average
July63 days15 days

Source: Zillow Research, Jan 2019-Dec 2019

Days on market — or DOM — is commonly defined as the number of days from when a property is officially listed on a multiple listing service (MLS) and a sales contract is signed.

When a market has a low median DOM, that’s usually an indicator of favorable conditions for sellers, i.e., a high demand among buyers. Conversely, a higher median DOM signifies low demand, meaning less favorable conditions for sellers. Remember, seasonality can be a big factor, particularly in regions with bigger weather swings throughout the year. Moreover, demand can vary considerably from neighborhood to neighborhood. Talk to your realtor for an accurate read on current — or seasonal — market conditions in your area, specifically.

MonthMedian days on market in South Dakota
January100 days
February105 days
March87 days
April77 days
May72 days
June66 days
July63 days
August69 days
September68 days
October73 days
November75 days
December84 days
Annual average DOM in South Dakota78 days

Source: Zillow Research, Jan 2019-Dec 2019

When should you sell your South Dakota home?

Sometimes life changes — expected or not — can require selling during a slower month or time of year. That’s ok! The most important factor in deciding when to sell your house is you. Consider your own needs, financial situation, and timeline above everything else.

If your reason for selling is relatively flexible — say, you’re looking for a bigger house or more convenient neighborhood — it might be worth trying to time your sale; however, waiting for peak market conditions isn’t worth missing, say, a great job opportunity or putting off an important life goal, like retirement.

Still not sure when to sell? Don't wait. Ask questions now!

Our Clever Concierge Team is here to help you figure out when to sell your home, how to see your sale go smoothly, and how you can profit most from the transaction.

Every member of our Concierge Team is a licensed real estate agent and an expert in their own right — having also worked with hundreds of local realtors in markets across the country.  As always, our service and advice are both 100% free! Any question, any issue, we've got you. 

Call now at 1-833-2-CLEVER or connect with us below.