| Metric | Latest | Detail |
|---|---|---|
| Median listing price | $838,475 | -2.7% YoY |
| Median price per sq ft | $323 | 2,612 sq ft median |
| Median days on market | 76 | +18% YoY |
| Active listings | 254 | +10% YoY |
| New listings this month | 66 | June 2026 |
| Listings with a price cut | 17% | Share of active |
| Median sale price (closed) | $480,000 | +3.8% YoY |
| Sale-to-list ratio | 96.6% | Closed sales |
Metropolitan market · South Dakota · June 2026 data
Spearfish Real Estate Market
As of June 2026, the median home listed in Spearfish, SD asks $838,475 — down 2.7% year over year. Homes sell in a median of 76 days, with 254 active listings and 17% carrying a price cut — a buyer-leaning market. Figures come from public records and industry data, updated monthly.
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
Spearfish housing market statistics
The table summarizes Spearfish's key housing figures for June 2026 — median listing and closed-sale prices, market pace, inventory and rental yield — each computed from public records and industry data.
How have home prices changed in Spearfish?
Spearfish home prices are down 2.7% year over year and -2.9% month over month as of June 2026, at a $838,475 median listing price. The chart tracks the trailing eight-quarter trend in the metro's median asking price.
Median listing price, Spearfish SD · trailing 8 quarters · source: public records and industry data.
The 10-year view
10-year median listing price, Spearfish SD · June of each year, 2017–2026 · source: public records and industry data.
How much inventory is on the market in Spearfish?
Spearfish has 254 active listings, 66 new this month, 49 pending as of June 2026. About 17% of active listings have cut their price, and inventory sits at 102% of its 2019 level — a buyer-leaning market by pace.
Is Spearfish a good real estate investment?
Spearfish scores 18/100 on WealthyBud's composite Investor Score, ranking #919 of 932 covered U.S. metros as of June 2026. The score blends price momentum, value, rental yield, supply and market heat into one percentile. It is a research opinion, not advice.
Investor Score
18/100
#919 of 932 covered metros
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.
How much is a monthly mortgage payment in Spearfish?
A home at Spearfish's $838,475 median listing runs about $4,209 a month in principal and interest — 20% down on a 30-year fixed loan at the current 6.43% national average rate. Taxes, insurance and HOA are extra.
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.
What is driving the Spearfish housing market?
Longer-run demand in Spearfish shows up in 243 homes permitted in 2025; net migration of +781 residents. Natural-hazard risk rates Relatively Low. These federal supply-pipeline, migration and jobs signals shape where prices head next.
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.
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ReadSpearfish housing market FAQ
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 much does it cost to buy a home in Spearfish?
The median home listed in Spearfish asks $838,475 as of June 2026. With 20% down on a 30-year fixed loan at the current 6.43% national average rate, that runs about $4,209 a month in principal and interest, before taxes, insurance and HOA.
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 as of June 2026.
Is it a buyer's or seller's market in Spearfish?
With a median 76 days on market and 17% of active listings carrying a price cut, Spearfish reads as a buyer-leaning market as of June 2026. Faster sales and fewer price cuts favor sellers; slower sales and more cuts favor buyers. Conditions shift monthly.
Is Spearfish a good place to invest in real estate?
Spearfish scores 18/100 on WealthyBud's Investor Score, ranking #919 of 932 covered U.S. metros as of June 2026. The score blends price momentum, value, rental yield, supply and market heat. It is a data-derived research opinion, not investment advice.
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, ranked by recent sales from public profile data.
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.
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