Metropolitan market · South Dakota · June 2026 data

Spearfish Real Estate Market

The Spearfish, SD housing market as of June 2026 — real median listing price, market pace, inventory and supply, from public records and industry data. Prepare a client-ready Spearfish report in a click.

Median listing price
$838,475
▼ 2.7% YoY
Median $ / sq ft
$323
2,612 sq ft median
Median days on market
76
June 2026
Active listings
254
For sale now
New listings
66
June 2026
Listings with price cuts
17%
Share of active
Median sale price (closed)
$480,000
▲ 3.8% YoY · closed sales
Sale-to-list ratio
96.6%
Closed sales
Homes sold / month
49
Closed sales
Median listing price trend
$864K$830K$795K$761K Q3'24Q4'24Q1'25Q2'25Q3'25Q4'25Q1'26Q2'26

Median listing price, Spearfish SD · trailing 8 quarters · source: public records and industry data.

The 10-year view
$862K$729K$596K$463K '17'18'19'20'21'22'23'24'25'26

10-year median listing price, Spearfish SD · June of each year, 2017–2026 · source: public records and industry data.

Supply snapshot
Active listings
254
New this month
66
Pending
49
Price-reduced
42

As of June 2026, the median home listed in Spearfish, SD asks $838,475 — down 2.7% from a year ago. Homes are taking a median of 76 days to go under contract, and 17% of the 254 active listings have taken a price cut, which points to a buyer-leaning market. Figures cover the Spearfish, SD metro area. Based on public records and industry data, updated monthly.

Investment snapshot
Investor Score
18/100
#919 of 932 covered metros
12-month outlook
-4.6%
▼ Cooling · model output, not advice
Momentum
32
Value
2
Rental yield
1
Supply risk
65
Market heat
17

Spearfish scores 18/100 on our composite Investor Score (#919 of 932 covered metros), a percentile blend of momentum, value, rental yield, supply and market-heat readings; active inventory sits at 102% of its June 2019 level, so supply is fully rebuilt past pre-pandemic norms; listing prices are down 2.7% year over year; all against a national 30-year fixed mortgage rate of 6.43% (national weekly average, 2026-07-02).

Scores are percentile ranks (0–100) across all covered U.S. metros, computed from the public data cited on this page — formulas here. They are data-derived opinions, not investment advice. See how Spearfish ranks on the trending markets index.

What mortgage rates do to the payment
If rates fall 1% · 5.43%
$3,779/mo
−$430/mo vs today
At today's rate · 6.43%
$4,209/mo
National weekly average
If rates rise 1% · 7.43%
$4,658/mo
+$449/mo vs today

Principal & interest on the $838,475 median listing with 20% down and a 30-year fixed loan — excludes taxes, insurance and HOA. Current rate: 6.43% (national weekly average, 2026-07-02). Model a full deal in the deal analyzer.

Growth, supply pipeline & risk
Building permits (2025)
243
▲ 12.0% vs 2024
9.1 per 1,000 residents
Net migration (2022–2023)
+781
▲ people, via tax-return records
net income flow +$69.5M/yr
Natural-hazard risk
Relatively Low
National hazard index · top hazard: Riverine flooding

Based on public government records — building-permit, tax-return migration, employment and natural-hazard statistics, aggregated to the metro. Details on /methodology.

Client-ready report

Send a branded Spearfish market report to your clients.

Open report gallery
Find the best in Spearfish
Directory

Top agents in Spearfish

The producers moving the most volume in Spearfish.

View Directory

Top teams

The groups setting production records nationwide.

View Licensing

Get licensed in South Dakota

Hours, exam and the commission that regulates South Dakota agents.

Read Income

Agent salary in South Dakota

What real estate agents actually earn across South Dakota.

Read

Spearfish market FAQs

What is the median home price in Spearfish?
As of June 2026, the median listing price in Spearfish, SD is $838,475, down 2.7% year over year (source: public records and industry data). Figures cover the Spearfish, SD metro area.
How fast are homes selling in Spearfish?
The median property in Spearfish spends 76 days on the market, with 254 homes actively listed and 17% of them carrying a price cut — a buyer-leaning market by pace.
Who are the top real estate agents in Spearfish?
See WealthyBud directories for the top-producing agents, teams and brokerages serving Spearfish and the wider South Dakota market.
Based on public records and industry data, June 2026 — see our methodology for how every figure is computed. Figures cover the Spearfish, SD metro area. Figures change monthly — verify current conditions with a local agent or MLS. Portions of market data courtesy of Realtor.com and Redfin; additional statistics from U.S. government sources.