| Market | Median list price | YoY | Days on market | Active | Price-to-income | Income needed |
|---|---|---|---|---|---|---|
| Sioux Falls | $362,200 | -2.1% | 48 | 1,469 | 4.5 | $100,000 |
| Rapid City | $417,450 | -4.9% | 64 | 724 | 5.8 | $114,000 |
| Spearfish | $776,225 | +7.1% | 82 | 259 | 11.6 | $206,000 |
| Watertown | $357,675 | +5.4% | 55 | 99 | 5.5 | $97,000 |
| Aberdeen | $339,225 | +5.2% | 49 | 88 | 4.8 | $94,000 |
| Brookings | $351,150 | +0.6% | 56 | 74 | 5.2 | $97,000 |
| Yankton | $319,950 | -5.9% | 73 | 74 | 4.3 | $88,000 |
| Mitchell | $251,950 | -21.3% | 47 | 73 | 3.9 | $70,000 |
| Pierre | $324,950 | -3.6% | 68 | 68 | 4.1 | $90,000 |
| Vermillion | $330,725 | -0.9% | 66 | 58 | 5.6 | $93,000 |
| Huron | $227,450 | -1.1% | 53 | 37 | 3.6 | $62,000 |
State housing market · September 2026 data
South Dakota housing market
Across the 11 South Dakota markets WealthyBud tracks, the midpoint median listing price is $339,225 as of September 2026, and 7 of 11 are priced below a year ago. Spearfish is the most expensive ($776,225) and Huron the least ($227,450).
Midpoint median list price
$339,225
11 markets
Markets down YoY
7/11
September 2026
Active listings
3,023
Tracked markets
30-yr mortgage rate
7.28%
2026-10-01
What are home prices in each South Dakota market?
The table lists every South Dakota market WealthyBud tracks with its median listing price, year-over-year change, days on market, active listings, price-to-income ratio and the income needed to buy the median home. Select a market for its full report.
Are home prices rising or falling in South Dakota?
Spearfish posted the biggest year-over-year change in South Dakota (+7.1%) and Mitchell the weakest (-21.3%). The midpoint change across the state's tracked markets is -1.1%, with 3,023 homes actively listed.
How much income do you need to buy a home in South Dakota?
Buying the median listing with 20% down at the current 7.28% rate takes about $62,000 a year in Huron and $206,000 in Spearfish, keeping principal, interest and property tax at 28% of income.
South Dakota housing market FAQ
What is the median home price in South Dakota?
Across WealthyBud's 11 tracked South Dakota markets, median listing prices have a midpoint of $339,225 as of September 2026, from $227,450 in Huron to $776,225 in Spearfish.
Are home prices falling in South Dakota?
7 of 11 tracked South Dakota markets have median listing prices below a year ago as of September 2026. The weakest is Mitchell at -21.3%.
What is the most expensive housing market in South Dakota?
Spearfish has the highest median listing price among tracked South Dakota markets at $776,225 (September 2026).
How much income do you need to buy a home in South Dakota?
Buying the median listing with 20% down at the current 7.28% rate takes about $62,000 a year in Huron and $206,000 in Spearfish, keeping principal, interest and property tax at 28% of income. Insurance, HOA and PMI are excluded.
Working in South Dakota real estate? See South Dakota agent salary (BLS median $65,170) and how to get licensed. Compare states on the state hub index or see where prices are falling nationwide.