I want to... 🏠 Sell my home | 🗝️ Buy a home | 🗺️ Find a new place to live in South Dakota
💡 Key South Dakota housing market facts
| Data Point | Value | Rank | Compared to National Avg |
| Typical Home Value | $307,125[1] | #29 of 50 states | 16.6% lower |
| Median Listing Price | $386,250[2] | #31 of 50 states | 13.5% lower |
| Median Sale Price | $323,900[3] | #34 of 50 states | 23.4% lower |
| 30 Year Mortgage Rate | 6.96%[4] | #21 of 50 states | 0.2% lower |
| Median Days on Market | 48[5] | #20 of 50 states | 6% shorter |
Looking to buy or sell in South Dakota?
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🗺️ Buying a house in the South Dakota real estate market
South Dakota has an affordability score of 5.4, meaning it takes 5.4 years of the median household income ($59,896) to afford South Dakota's median home sale price ($323,900). Because of this, we rank South Dakota as the 20th most affordable state for buyers based strictly on prices compared to income.
| Data Point | Value | Rank | Compared to National Avg |
| Median Sale Price | $323,900[6] | #34 of 50 states | 23.4% lower |
| 30 Year Mortgage Rate | 6.96%[7] | #21 of 50 states | 0.2% lower |
| Median Household Income | $59,896[8] | #31 of 50 states | 7.2% lower |
| Affordability Ratio | 5.4 | #20 of 50 states | 16.1% lower |
| Buyers Agent Commission | 2.60%[9] | #32 of 50 states | 2.4% higher |
Resources for South Dakota home buyers
Preparing to buy in South Dakota
South Dakota home buying costs
🗺️ Selling a house in the South Dakota real estate market
According to our detailed survey of South Dakota real estate agents, listing agents (those representing the seller) charge an average commission in South Dakota of 2.91%, which is the 12th highest in the United States. Buyers' agents charge an average commission of 2.6%, which is the 19th highest in the United States.
| Data Point | Value | Rank | Compared to National Avg |
| Median Listing Price | $386,250[10] | #31 of 50 states | 13.5% lower |
| Median Sale Price | $323,900[11] | #34 of 50 states | 23.4% lower |
| Median Days on Market | 48[12] | #20 of 50 states | 6% shorter |
| Buyer's Agent Commission | 2.60%[13] | #32 of 50 states | 2.4% higher |
| Listing Agent Commission | 2.91%[14] | #39 of 50 states | 6.8% higher |
Resources for South Dakota home sellers
Preparing to sell in South Dakota
- 8 Steps to Selling a House in South Dakota
- Average Time to Sell a House in South Dakota
- When Is the Best Time to Sell a House in South Dakota?
- Top Real Estate Agents in South Dakota
South Dakota home selling costs and requirements
Moving to South Dakota
According to our recent moving trends survey[15], 6% of Americans indicated that they would choose to move to South Dakota if money were no object.
Here's how South Dakota cities rank in a number of our research studies.
| Study | Best South Dakota city | Rank |
| Best Pizza Cities[16] | No ranking South Dakota cities | No ranking South Dakota cities |
| Best Coffee Cities[17] | No ranking South Dakota cities | No ranking South Dakota cities |
| Best LGBTQ Cities[18] | No ranking South Dakota cities | No ranking South Dakota cities |
| Best Bike Cities[19] | No ranking South Dakota cities | No ranking South Dakota cities |
| Best Commuter Cities[20] | No ranking South Dakota cities | No ranking South Dakota cities |