New Listing
29
$46,500
114 Wagon Wheel Cir
Brookings, SD 57006
3 bd2 ba924 sqft$50/ft²
Mobile home
Jennifer Mettler · Best Choice Real Estate
View photos & details
Brokers — List your Company Here
Featured local agent — Brookings, SD
Example placement
Sarah Mitchell
CNESRESABR
Compass Real Estate · Brookings, SD
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
Brookings, SD(512) 555-0184TX License #0512847
Visit website →sarahmitchellhomes.com
5.0 · 47 reviews
This spot is open. Be the only brokerage featured on this page — one slot, no auction.
Claim this spot* Example only — dummy agent for illustration. Your logo, name, tagline, link, and lead routing replace this content.
Brookings, SD Housing Market
Seller's market+4.5% YoY
Zillow, August 2026 · Refreshes monthlyRedfin, through May 2026 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly
The typical home in Brookings, SD is worth $325,401, rose 4.5% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $318,000, +5.7% year over year (through May 2026). With 3.0 months of supply and homes going under contract in about 35 days, Brookings is a seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $325,401 home is about $1,737/mo in principal and interest.
Key numbers for Brookings, SD
Typical home value
$325,401
+4.5% in 12 months
Zillow, August 2026
Typical asking rent
$1,194/mo
Zillow Observed Rent Index
Zillow, August 2026
Median sale price
$318,000
+5.7% year over year
Redfin, through May 2026
Days on market
35
Average pace
Redfin, through May 2026
Active listings
3
3.0 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$61,979
Home costs 5.3x income
U.S. Census ACS, 2023
Sale-to-list ratio
101.0%
Selling above asking
Redfin, through May 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Brookings a buyer's or seller's market?
Seller's market3.0 months of supply35 days on market101.0% of asking
Brookings, SD is a seller's market, based on 3.0 months of supply and homes selling in about 35 days. Under 4 months of supply tilts the market toward sellers: homes clear faster than they are replaced, so concessions are scarce.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Brookings housing market data show?
Every row below is Redfin's final published month for Brookings, SD. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $318,000 |
| Median list price | $313,700 |
| Year-over-year price change | +5.7% |
| Median price per sq ft | $175/sq ft |
| Median days on market | 35 days |
| Active inventory | 3 listings |
| Months of supply | 3.0 months |
| Sale-to-list price ratio | 101.0% |
| Homes sold (that month) | 1 |
| New listings (that month) | 2 |
| Listings with a price cut | 33.3% |
| Market condition | Seller's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Brookings is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Brookings is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Brookings home prices moved?
Across the 36 months we hold for Brookings, SD, the median sale price rose 149.1%, from $127,650 in August 2021 to $318,000. The live Zillow value series has rose 4.5% in the last 12 months, which is the more current read now that Redfin's series has stopped. 33.3% of Brookings listings cut their asking price in the final Redfin month — a high share, and the clearest sign that list prices were running ahead of what buyers would pay. For prices to fall meaningfully from here, supply would have to keep building past 3.0 months while the sale-to-list ratio slips below its current 101.0%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
Get Brookings market alerts
Weekly updates on prices, inventory, and trends. Free forever.
What does it cost to buy a home in Brookings?
Priced off the typical home value of $325,401 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $65,080 | $260,321 | $1,737/mo |
| 5% | $16,270 | $309,131 | $2,063/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $1,737, that implies roughly $74,450 a year before you add taxes and insurance. The median household in Brookings earns $61,979, about $12,471 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the typical home value to fit the 28% rule. That puts the price-to-income ratio at 5.3x — well above the 3x that was historically considered affordable, which is why down payment size drives who can buy here.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Brookings in the next 12 months?
Tell us your timeline. We send the Brookings market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Brookings?
Typical asking rent in Brookings, SD is $1,194/mo, against a typical home value of $325,401. That is a price-to-rent ratio of 22.7x, which means renting tends to be the cheaper monthly option unless you stay long enough for appreciation to close the gap. Compared head to head, 20% down puts principal and interest at $1,737 a month — $543 more than renting before taxes and insurance, so the ownership case here rests on equity and appreciation rather than monthly cash flow.
Zillow, August 2026 for both value and rent
Add your own down payment, tax rate and time horizon in the rent vs. buy calculator.
Is inventory rising or falling in Brookings?
Active listings in Brookings, SD went from 2 in September 2024 to 3 in May 2026, a +50.0% change. Rising inventory is the single most useful leading indicator for buyers: more choice, longer marketing times, and more sellers willing to negotiate before price cuts show up in the median.
| Month | Active listings | New listings |
|---|---|---|
| February 2025 | 3 | 3 |
| March 2025 | 4 | 5 |
| April 2025 | 6 | 3 |
| May 2025 | 9 | 6 |
| June 2025 | 9 | 7 |
| July 2025 | 5 | 4 |
| August 2025 | 5 | 3 |
| September 2025 | 6 | 3 |
| October 2025 | 6 | 5 |
| November 2025 | 4 | 3 |
| December 2025 | 2 | 1 |
| May 2026 | 3 | 2 |
Redfin, through May 2026
How does Brookings compare to South Dakota and the U.S.?
Brookings homes sell for $318,000 — 8% below the South Dakota median of $346,600. Against the national median of $410,700, Brookings runs 23% lower. Year-over-year, Brookings moved +5.7% against South Dakota's +4.3% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Brookings, SD | $318,000 | +5.7% | 35 days |
| South Dakota statewide | $346,600 | +4.3% | 49 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Brookings
What buyers should watch
- Months of supply, currently 3.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 33.3%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $326 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $325,401 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Brookings listing goes under contract in 35 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 101.0% of asking. Price at the number you want and let competition do the rest.
- In the last published month Brookings added 2 new listings against 1 sales — more competition arriving than clearing, so early timing matters.
- Your equity moved +4.5% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Brookings varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Brookings
There are currently 3 homes listed for sale in Brookings, South Dakota. The median listing price is $314K. Featured listings range from $46,500 to $699,900.
New Listing
22
$52,500
600 5th Ave S Lot 104
Brookings, SD 57006
3 bd2 ba1,280 sqft$41/ft²
Mobile home
Jacob Gerber · SoDak Realty
View photos & details
New Listing
24
$99,900
501 E Wye Mesa
Brookings, SD 57006
3 bd2 ba1,404 sqft$71/ft²
Mobile home
Alan Hess · eXp Realty
View photos & details
New Listing
32
$179,900
1537 Orchard Dr
Brookings, SD 57006
2 bd1 ba911 sqft$197/ft²
Townhouse
Gayle Chapel, Abr, Crs, Gri · Krogman & Company Real Estate
View photos & details
New Listing
23
$249,900
2505 Oak Branch Ave
Brookings, SD 57006
3 bd2 ba1,665 sqft$150/ft²
Townhouse
Seth Sayler · Best Choice Real Estate
View photos & details
New Listing
43
$267,500
1016 12th St S
Brookings, SD 57006
3 bd2 ba1,638 sqft$163/ft²
House
Jennifer Mettler · Best Choice Real Estate
View photos & details
New Listing
48
$269,000
1818 Derdall Dr
Brookings, SD 57006
4 bd2 ba2,185 sqft$123/ft²
House
Gayle Chapel, Abr, Crs, Gri · Krogman & Company Real Estate
View photos & details
New Listing
49
$329,900
1454 7th St
Brookings, SD 57006
4 bd2 ba2,640 sqft$125/ft²
House8,276 sqft lot
View photos & details
New Listing
54
$343,900
201 Gilley Ave S
Brookings, SD 57006
3 bd3 ba2,340 sqft$147/ft²
House
Roshal Lamp · The Experience Real Estate
View photos & details
New Listing
46
$355,000
1808 9th Ave S
Brookings, SD 57006
4 bd2 ba2,408 sqft$147/ft²
House12,197 sqft lot
Jacob Gerber · SoDak Realty
View photos & details
New Build
32
$679,900
1028 Steamboat Trl
Brookings, SD 57006
5 bd3 ba3,262 sqft$208/ft²
House
Seth Sayler · Best Choice Real Estate
View photos & details
New Listing
54
$699,900
909 Christine Ave
Brookings, SD 57006
5 bd3 ba4,498 sqft$156/ft²
House1.16 acres
Matt Krogman · Krogman & Company Real Estate
View photos & details
Looking to buy in Brookings?
Get connected with a local real estate expert — free, no obligation.
Active listings
3
Homes on market
Median list price
$314K
Avg. days on market
35
Days until sale
New this week
2
Newly listed
Price drops:33.3%of listings
Sale-to-list:101.0%
How much do homes cost in Brookings by property type?
How the Brookings, SD market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $318,000 | $175/sq ft | 1 | 35 days |
| Condo / co-op | $183,000 | $136/sq ft | 1 | 25 days |
| Townhouse | $227,450 | $126/sq ft | 2 | 35 days |
Who lives in Brookings?
American Community Survey estimates for Brookings. U.S. Census ACS, 2023
Population
23,710
Households
8,860
Median income
$61,979/yr
Median age
24.7 years
Owner-occupied
48.5%
Median home value
$243,600
Median gross rent
$862/mo
Mean commute
11.8 min
48.5% of occupied homes in Brookings are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $243,600 against Zillow's $325,401 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions. Census median gross rent (all leases, including long-held ones) is $862/mo, below Zillow's $1,194/mo asking rent on new leases — the difference is roughly what a mover pays over a stayer.
Which public schools serve Brookings?
6 schools tracked · 3,446 students
The largest public schools serving Brookings, SD by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Brookings High School - 01
Grades 9-12 · 1,028 students
George S. Mickelson Middle School - 02
Grades 6-8 · 773 students
Camelot Intermediate - 06
Grades 4-5 · 503 students
Dakota Prairie Elementary - 07
Grades K-3 · 490 students
Medary Elementary - 05
Grades K-3 · 336 students
Hillcrest Elementary - 04
Grades K-3 · 316 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Brookings, SD?
Ordered by distance from Brookings, not by size. Compare Brookings side by side with any of them.
Which ZIP codes are in Brookings?
These are the ZIP codes we see on active Brookings listings. Redfin did not publish a matching ZIP-level sale row for the same period, so we are not ranking them by price here — each ZIP page shows exactly what we hold for it.
Brookings housing market FAQ
Is Brookings a buyer's or seller's market?
Brookings, SD is currently a seller's market. That read comes from 3.0 months of supply, homes going under contract in about 35 days, and sellers getting 101.0% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Brookings?
The typical home in Brookings, SD is worth $325,401 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $318,000, about $175 per square foot.
Is Brookings cheaper than the rest of South Dakota?
Brookings's median sale price of $318,000 is 8% lower than the South Dakota statewide median of $346,600, and 23% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Brookings?
Homes in Brookings, SD spent a median of 35 days on market before going under contract, versus 49 days statewide. That is a normal pace: enough time to see a home twice, not enough to wait a month. (Redfin, through May 2026.)
What income do you need to buy a home in Brookings?
At the current 30-year fixed rate of 7.03%, 20% down on a $325,401 home is about $1,737 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $74,450 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $61,979.
Are home prices rising in Brookings?
The typical home value in Brookings, SD rose 4.5% over the last 12 months, from $311,503 to $325,401 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Brookings?
Brookings ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Brookings?
That depends on your timeline, not on a headline. What the data says today: Brookings, SD is a seller's market with 3.0 months of supply, the 30-year fixed rate is 7.03%, and the price-to-rent ratio of 22.7x means renting tends to be the cheaper monthly option unless you stay long enough for appreciation to close the gap. Properties Incorporated publishes the data; it does not give financial advice.
Be the brokerage on this page
1 slot per pageGet featured on Brookings, SD
Your logo, brokerage name, and direct link to your site — featured at the top of this page in front of every visitor researching this whole city. One brokerage, no rotation, no bidding war.
- Goes live in 24 hours
- Cancel anytime
- Do-follow backlink to your site
Keep researching Brookings
Nearby markets
Get the Brookings market brief
Get the Brookings, SD market brief
One email: what homes are actually clearing at around $325,401, how long they sit, which ZIPs run cheaper, and what to fix on your credit before you apply.