Is Pennington County, SD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Pennington County was a Seller's Market.
Housing Prices in Pennington County, SD
How much do homes in Pennington County, SD cost?
Median Sold Price
$354,983
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Pennington County was $354,983 in April 2024, up 1.9% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $138K | $175K | +26.8% |
2 Bedrooms | $260.7K | $260K | -0.3% |
3 Bedrooms | $349.9K | $319.9K | -8.6% |
4 Bedrooms | $362.5K | $391K | +7.9% |
5+ Bedrooms | $429K | $558K | +30.1% |
Summary: Pennington County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26.8%, 2 bedroom homes decreased by 0.3%, 3 bedroom homes decreased by 8.6%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes increased by 30.1%.
Median Sold Price Compared To Nearby Counties
Meade County | $360K | $390K | +8.3% |
Pennington County | $348.4K | $354.9K | +1.9% |
Custer County | $562K | $495K | -11.9% |
Housing Supply in Pennington County, SD
How many homes are available in Pennington County, SD?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
355 | 482 | +35.8% |
Summary: The Pennington County real estate market had 482 homes for sale in April 2024, a 35.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 65 | 82 | +26.2% |
3 Bedrooms | 114 | 159 | +39.5% |
4 Bedrooms | 128 | 175 | +36.7% |
5+ Bedrooms | 46 | 64 | +39.1% |
Summary: The Pennington County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 26.2%, 3 bedroom homes increased by 39.5%, 4 bedroom homes increased by 36.7%, and 5+ bedroom homes increased by 39.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
35 | 42 | +20.0% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 42 homes were sold or pending in Pennington County in April 2024, up by 20.0% month-over-month. Of the 40 sold homes, 63% were sold under asking, 30% were sold at asking, and 8% were sold over asking.
Days on Market for Pennington County, SD
We’re sorry, we don't have information for this market at the moment