South Dakota Real Estate Market in 2021: Forecasts + Trends

Clever Real Estate


Clever Real Estate

October 1st, 2021
Updated October 1st, 2021


South Dakota real estate trends

Real estate trends in South Dakota | Sellers | Buyers | Investors | The best and worst of South Dakota | South Dakota resources

South Dakota real estate trends (October 2021)

How is the real estate market in South Dakota?
🏠 Average home value: $246,012
📈 1.32% home value increase month over month
💰 Median listing price: $279,900
⏳ 47 days on the market
🔑 Homes on the market: 2,180
📆 2.3 months of housing inventory
🏦 30-year mortgage rate: 3.19%
💵 Average income: 53199
State of the market: B+
Listing prices are skyrocketing in South Dakota in response to strong buyer demand. However, there's no shortage of homes on the market and demand will start to decrease in the coming months.
*Data last updated October 2021

In recent years, South Dakota has been named among the best states to find a job, the least stressed, and the best for overall well-being — so it's no wonder the state has attracted an impressive wave of new residents.

The Mount Rushmore State's sprawling prairies aren't densely populated, leaving plenty of wide open spaces for residents and visitors alike to roam. Notable cities include Sioux Falls, Rapid City, and Pierre, though much of the land is rural.

Today, the land also remains home to nine American Indian tribes that trace their lineage to an alliance between the Santee, Yankton and Teton.

If you're thinking of buying or selling in South Dakota, these South Dakota housing predictions and stats can help you make an informed decision.

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Selling a home in South Dakota

South Dakota real estate market forecast for sellers
⏰ Homes are selling 6 days faster than the annual average
💰 Homes are selling for $20,516 more than the annual average
💸 Average listing commission: 2.50%
💸 Average buyer's commission: 2.50%

How to sell a home in South Dakota

Cost to sell a home in South Dakota

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Buying a home in South Dakota

How much home you can buy with $300,000 in...
🏠 Sioux Falls: 1,848 sq ft
🏡 Aberdeen: 1,214 sq ft
🏡 Rapid City: 1,558 sq ft
🏠 Brookings: 1,482 sq ft

Investing in South Dakota real estate

Best of South Dakota

Each month, we compare cities in South Dakota based on different criteria. This month, we're looking at affordability and ranking the best cities in the state.

Most Affordable Cities in South Dakota
1. Mitchell
2. Brookings
3. Aberdeen

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Worst of South Dakota

Each month, we compare cities in South Dakota based on a different criteria. This month we're looking at affordability data. These are the cities that ranked the worst in the state.

Least Affordable Cities in South Dakota
1. Rapid City
2. Sioux Falls
3. Watertown

South Dakota resources

👋 Next Steps: Talk to an expert!

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Clever's analysis of state market trends is based on local data from Zillow,, Redfin, S&P Global, the U.S. Census, and Clever surveys. Our team of over 20 real estate analysts from across the country research local markets and data to compile our "Best" and "Worst" rankings.

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