Brokers — List your Company Here
Featured local agent — Lake Norden, SD
Sarah Mitchell
Compass Real Estate · Lake Norden, SD
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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.
Lake Norden, SD Housing Market & Real Estate
Housing market overview · Updated monthly ·
$227,500median sale price
How is the Lake Norden, SD housing market right now?
The median home sale price in Lake Norden, SD is $227,500. Homes sell in an average of 31 days with 2 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Lake Norden a buyer's or seller's market?
Lake Norden, SD is currently a seller's market, based on 1.0 months of supply and homes selling in about 31 days. How we determine this →
Homes sold
2
Last 12 weeks
Days on market
31
Average pace
Active listings
2
1.0 months supply
Sale-to-list
99.1%
Below asking
What does the Lake Norden housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $227,500 |
| Median list price | $200,000 |
| Average days on market | 31 days |
| Active inventory | 2 listings |
| Months of supply | 1.0 months |
| Sale-to-list price ratio | 99.1% |
| Median price per sq ft | $113/sq ft |
| Homes sold (latest month) | 2 |
| New listings (latest month) | 1 |
| Listings with a price cut | 50.0% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Lake Norden by property type?
How the Lake Norden, SD market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $227,500 | $113/sq ft | 2 | 31 days |
Source: Redfin · Updated monthly
The Lake Norden housing market is currently classified as a seller's market with a median sale price of $227,500. Prices have fallen 0.0% compared to last year, with homes spending an average of 31 days on market, indicating 1.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Homes for sale in Lake Norden
There are currently 2 homes listed for sale in Lake Norden, South Dakota. The median listing price is $200K.
Active listings
2
Homes on market
Median list price
$200K
Avg. days on market
31
Days until sale
New this week
1
Newly listed
Who lives in Lake Norden?
Population
769
Median income
$71,923/yr
Median age
24.6 years
Owner-occupied
65.6%
College grads
20.5%
Avg commute
21.5 min
Source: U.S. Census Bureau ACS
What is it like to live in Lake Norden?
Lake Norden is a community of approximately 1K residents with a median age of 24.6 years.The median household income is $71,923, which represents a working-class community with solid middle-income opportunities. 20.5% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 65.6%, reflecting strong community stability and long-term resident commitment. The average commute time is 21.5 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Lake Norden offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Lake Norden, SD?
Want a head-to-head view? Compare Lake Norden side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Lake Norden?
The median home sale price in Lake Norden is $227,500, down 0.0% from last year.
How long do homes stay on market in Lake Norden?
Homes typically spend 31 days on market before going under contract.
What is the median income in Lake Norden?
The median household income is $71,923 per year.
Is Lake Norden a buyer's or seller's market?
With 1.0 months of supply, Lake Norden is currently a seller's market.
How much does a single-family home cost in Lake Norden?
The median single-family home price in Lake Norden, SD is $227,500 (about $113 per square foot).
Be the brokerage on this page
1 slot per pageGet featured on Lake Norden, 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
Get Lake Norden market alerts
Weekly updates on prices, inventory, and trends. Free forever.