$29,900
James Dr
Centerville, SD
Land15,246 sqft lot
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Centerville, SD Housing Market
Balanced market+1.4% YoY
Zillow, August 2026 · Refreshes monthlyRedfin, through May 2026 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly
The typical home in Centerville, SD is worth $301,222, rose 1.4% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $107,000, -45.4% year over year (through May 2026). With 4.0 months of supply and homes going under contract in about 266 days, Centerville is a balanced market. At today's 7.03% 30-year fixed rate, 20% down on a $301,222 home is about $1,608/mo in principal and interest.
Key numbers for Centerville, SD
Typical home value
$301,222
+1.4% in 12 months
Zillow, August 2026
Median sale price
$107,000
-45.4% year over year
Redfin, through May 2026
Days on market
266
Slow-moving
Redfin, through May 2026
Active listings
4
4.0 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
$58,438
Home costs 5.2x income
U.S. Census ACS, 2023
Sale-to-list ratio
112.6%
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 Centerville a buyer's or seller's market?
Balanced market4.0 months of supply266 days on market112.6% of asking
Centerville, SD is a balanced market, based on 4.0 months of supply and homes selling in about 266 days. 4 to 5 months of supply is the neutral band: neither side holds a structural advantage, and outcomes turn on the individual property.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Centerville housing market data show?
Every row below is Redfin's final published month for Centerville, SD. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $107,000 |
| Median list price | $300,000 |
| Year-over-year price change | -45.4% |
| Median price per sq ft | $98/sq ft |
| Median days on market | 266 days |
| Active inventory | 4 listings |
| Months of supply | 4.0 months |
| Sale-to-list price ratio | 112.6% |
| Homes sold (that month) | 1 |
| New listings (that month) | 1 |
| Market condition | Balanced 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 Centerville is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Centerville 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 Centerville home prices moved?
Over the last three years the median sale price in Centerville, SD rose 328.0%, from $25,000 to $107,000. The live Zillow value series has rose 1.4% in the last 12 months, which is the more current read now that Redfin's series has stopped. For prices to fall meaningfully from here, supply would have to keep building past 4.0 months while the sale-to-list ratio slips below its current 112.6%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Centerville?
Priced off the typical home value of $301,222 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% | $60,244 | $240,977 | $1,608/mo |
| 5% | $15,061 | $286,160 | $1,910/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 $1,608, that implies roughly $68,918 a year before you add taxes and insurance. The median household in Centerville earns $58,438, about $10,480 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 5.2x — 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 Centerville in the next 12 months?
Tell us your timeline. We send the Centerville 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 Centerville?
Zillow does not publish a rent index (ZORI) for Centerville, SD, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Centerville?
Active listings in Centerville, SD went from 3 in May 2024 to 4 in May 2026, a +33.3% 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 |
|---|---|---|
| July 2024 | 5 | 2 |
| August 2024 | 5 | 1 |
| September 2024 | 4 | 1 |
| October 2024 | 2 | not published |
| January 2025 | 1 | not published |
| March 2025 | 2 | 1 |
| May 2025 | 5 | 2 |
| August 2025 | 9 | 3 |
| December 2025 | 7 | not published |
| February 2026 | 4 | not published |
| March 2026 | 4 | 1 |
| May 2026 | 4 | 1 |
Redfin, through May 2026
How does Centerville compare to South Dakota and the U.S.?
Centerville homes sell for $107,000 — 69% below the South Dakota median of $346,600. Against the national median of $410,700, Centerville runs 74% lower. Year-over-year, Centerville moved -45.4% against South Dakota's +4.3% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Centerville, SD | $107,000 | -45.4% | 266 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 Centerville
What buyers should watch
- Months of supply, currently 4.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The gap between 5% and 20% down here is $302 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 $301,222 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 Centerville listing goes under contract in 266 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 112.6% of asking. Price at the number you want and let competition do the rest.
- In the last published month Centerville added 1 new listings against 1 sales — more clearing than arriving, which is the better window to list.
- Your equity moved +1.4% 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 Centerville varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Centerville
There are currently 4 homes listed for sale in Centerville, South Dakota. The median listing price is $300K. Featured listings range from $29,900 to $750,000.
$29,900
James Dr
Centerville, SD
Land14,871 sqft lot
View photos & details
$29,900
James Dr
Centerville, SD
Land15,882 sqft lot
View photos & details
$34,900
James Dr
Centerville, SD
Land22,586 sqft lot
View photos & details
$42,500
James Dr
Centerville, SD
Land29,699 sqft lot
View photos & details
$95,000
621 Montana St
Centerville, SD
3 bd1 ba1,088 sqft$87/ft²
House7,000 sqft lot
View photos & details
$200,000
30000 463rd Ave
Centerville, SD
Land5.06 acres
View photos & details
$319,000
300 Iowa St
Centerville, SD
3 bd3 ba1,664 sqft$192/ft²
House5,624 sqft lot
View photos & details
$384,999
963 Thomas Dr
Centerville, SD
3 bd2 ba1,800 sqft$214/ft²
Townhouse6,151 sqft lot
View photos & details
$384,999
961 Thomas Dr
Centerville, SD
3 bd2 ba1,800 sqft$214/ft²
Townhouse6,151 sqft lot
View photos & details
$579,900
29783 Frog Creek Rd
Centerville, SD
4 bd4 ba3,076 sqft$189/ft²
House35.20 acres
View photos & details
$750,000
463rd Ave
Centerville, SD
Land20.00 acres
View photos & details
Looking to buy in Centerville?
Get connected with a local real estate expert — free, no obligation.
Active listings
4
Homes on market
Median list price
$300K
Avg. days on market
266
Days until sale
New this week
1
Newly listed
Sale-to-list:112.6%
How much do homes cost in Centerville by property type?
How the Centerville, 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 | $107,000 | $98/sq ft | 1 | 266 days |
Who lives in Centerville?
American Community Survey estimates for Centerville. U.S. Census ACS, 2023
Population
876
Households
383
Median income
$58,438/yr
Median age
44.8 years
Owner-occupied
75.7%
Median home value
$123,600
Median gross rent
$730/mo
Mean commute
26.7 min
75.7% of occupied homes in Centerville 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 $123,600 against Zillow's $301,222 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions.
Which public schools serve Centerville?
3 schools tracked · 280 students
The largest public schools serving Centerville, 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.
Centerville Elementary - 02
Grades PK-5 · 119 students
Centerville High School - 01
Grades 9-12 · 92 students
Centerville Middle School - 03
Grades 6-8 · 69 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 Centerville, SD?
Ordered by distance from Centerville, not by size. Compare Centerville side by side with any of them.
Centerville housing market FAQ
Is Centerville a buyer's or seller's market?
Centerville, SD is currently a balanced market. That read comes from 4.0 months of supply, homes going under contract in about 266 days, and sellers getting 112.6% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Centerville?
The typical home in Centerville, SD is worth $301,222 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $107,000, about $98 per square foot.
Is Centerville cheaper than the rest of South Dakota?
Centerville's median sale price of $107,000 is 69% lower than the South Dakota statewide median of $346,600, and 74% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Centerville?
Homes in Centerville, SD spent a median of 266 days on market before going under contract, versus 49 days statewide. Over two months means buyers have time to inspect, compare and negotiate. (Redfin, through May 2026.)
What income do you need to buy a home in Centerville?
At the current 30-year fixed rate of 7.03%, 20% down on a $301,222 home is about $1,608 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $68,918 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $58,438.
Are home prices rising in Centerville?
The typical home value in Centerville, SD rose 1.4% over the last 12 months, from $297,087 to $301,222 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Centerville?
Centerville 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 Centerville?
That depends on your timeline, not on a headline. What the data says today: Centerville, SD is a balanced market with 4.0 months of supply, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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