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Featured local agent — Lake Poinsett, SD
Sarah Mitchell
Compass Real Estate · Lake Poinsett, SD
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Lake Poinsett, SD Housing Market & Real Estate
Housing market overview · Updated monthly ·
$715,000median sale price
How is the Lake Poinsett, SD housing market right now?
The median home sale price in Lake Poinsett, SD is $715,000. Homes sell in an average of 31 days with 6 active listings. The market is currently a balanced 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 Poinsett a buyer's or seller's market?
Lake Poinsett, SD is currently a balanced market, based on 3.0 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
6
3.0 months supply
Sale-to-list
95.0%
Below asking
What does the Lake Poinsett housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $715,000 |
| Median list price | $600,000 |
| Average days on market | 31 days |
| Active inventory | 6 listings |
| Months of supply | 3.0 months |
| Sale-to-list price ratio | 95.0% |
| Median price per sq ft | $268/sq ft |
| Homes sold (latest month) | 2 |
| New listings (latest month) | 1 |
| Listings with a price cut | 16.7% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Lake Poinsett by property type?
How the Lake Poinsett, 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 | $715,000 | $268/sq ft | 2 | 31 days |
Source: Redfin · Updated monthly
The Lake Poinsett housing market is currently classified as a balanced market with a median sale price of $715,000. Prices have fallen 0.0% compared to last year, with homes spending an average of 31 days on market, indicating 3.0 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 Poinsett
There are currently 6 homes listed for sale in Lake Poinsett, South Dakota. The median listing price is $600K.
Active listings
6
Homes on market
Median list price
$600K
Avg. days on market
31
Days until sale
New this week
1
Newly listed
Who lives in Lake Poinsett?
Population
413
Median income
$101,136/yr
Median age
58.2 years
Owner-occupied
100.0%
College grads
43.9%
Avg commute
34.2 min
Source: U.S. Census Bureau ACS
What is it like to live in Lake Poinsett?
Lake Poinsett is a community of approximately 0K residents with a median age of 58.2 years.The median household income is $101,136, which reflects a relatively affluent area with strong earning potential. 43.9% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 100.0%, reflecting strong community stability and long-term resident commitment. The average commute time is 34.2 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Lake Poinsett offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Lake Poinsett, SD?
Want a head-to-head view? Compare Lake Poinsett 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 Poinsett?
The median home sale price in Lake Poinsett is $715,000, down 0.0% from last year.
How long do homes stay on market in Lake Poinsett?
Homes typically spend 31 days on market before going under contract.
What is the median income in Lake Poinsett?
The median household income is $101,136 per year.
Is Lake Poinsett a buyer's or seller's market?
With 3.0 months of supply, Lake Poinsett is currently a balanced market.
How much does a single-family home cost in Lake Poinsett?
The median single-family home price in Lake Poinsett, SD is $715,000 (about $268 per square foot).
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