Is Spearfish, 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, Spearfish was a Neutral Market.
Housing Prices in Spearfish, SD
How much do homes in Spearfish, SD cost?
Median Sold Price
$487,000
$219/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Spearfish was $487,000 in April 2024, up 14.1% from last year, and the median price per square foot was $219.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $275.8K | - | N/A |
2 Bedrooms | $315K | $318.5K | +1.1% |
3 Bedrooms | $407.5K | $462.4K | +13.5% |
4 Bedrooms | $438.5K | $512.5K | +16.9% |
5+ Bedrooms | $577.5K | $767.5K | +32.9% |
Summary: Spearfish housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.1%, 3 bedroom homes increased by 13.5%, 4 bedroom homes increased by 16.9%, and 5+ bedroom homes increased by 32.9%.
Median Sold Price Compared To Nearby Cities
Spearfish | $427K | $487K | +14.1% |
North Lawrence | $675K | $652.5K | -3.3% |
Housing Supply in Spearfish, SD
How many homes are available in Spearfish, SD?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
81 | 97 | +19.8% |
Summary: The Spearfish real estate market had 97 homes for sale in April 2024, a 19.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 10 | 11 | +10.0% |
3 Bedrooms | 30 | 33 | +10.0% |
4 Bedrooms | 21 | 27 | +28.6% |
5+ Bedrooms | 20 | 25 | +25.0% |
Summary: The Spearfish housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 20 | +100.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Spearfish in April 2024, up by 100.0% month-over-month. Of the 20 sold homes, 50% were sold under asking, 45% were sold at asking, and 5% were sold over asking.
Days on Market for Spearfish, SD
We’re sorry, we don't have information for this market at the moment