Is Southwest Meade, SD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Southwest Meade has remained a Buyer's Market.
Housing Prices in Southwest Meade, SD
How much do homes in Southwest Meade, SD cost?
Median Sold Price
$518,500
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Southwest Meade was $518,500 in April 2024, up 35.7% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $410K | $350K | -14.6% |
3 Bedrooms | $325K | $455.9K | +40.3% |
4 Bedrooms | $378.5K | $526.2K | +39.0% |
5+ Bedrooms | $635K | $615K | -3.1% |
Summary: Southwest Meade 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 decreased by 14.6%, 3 bedroom homes increased by 40.3%, 4 bedroom homes increased by 39%, and 5+ bedroom homes decreased by 3.1%.
Median Sold Price Compared To Nearby Cities
Southwest Meade | $382K | $518.5K | +35.7% |
Piedmont | $522K | $615K | +17.8% |
Sturgis | $320K | $345K | +7.8% |
Housing Supply in Southwest Meade, SD
How many homes are available in Southwest Meade, SD?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
38 | 58 | +52.6% |
Summary: The Southwest Meade real estate market had 58 homes for sale in April 2024, a 52.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 12 | 23 | +91.7% |
4 Bedrooms | 14 | 20 | +42.9% |
5+ Bedrooms | 11 | 14 | +27.3% |
Summary: The Southwest Meade 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 remained the same, 3 bedroom homes increased by 91.7%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes increased by 27.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 4 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Southwest Meade in April 2024, the same as the previous month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Southwest Meade, SD
We’re sorry, we don't have information for this market at the moment