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Featured local agent — Lead, SD
Sarah Mitchell
Compass Real Estate · Lead, SD
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Lead, SD Housing Market & Real Estate
Housing market overview · Updated monthly ·
$255,000median sale price
How is the Lead, SD housing market right now?
The median home sale price in Lead, SD is $255,000, up 4.1% year-over-year. Homes sell in an average of 34 days with 35 active listings. The market is currently a buyer'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 Lead a buyer's or seller's market?
Lead, SD is currently a buyer's market, based on 7.0 months of supply and homes selling in about 34 days. How we determine this →
Homes sold
5
Last 12 weeks
Days on market
34
Average pace
Active listings
35
7.0 months supply
Sale-to-list
96.0%
Below asking
What does the Lead housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $255,000 |
| Median list price | $239,500 |
| Year-over-year price change | +4.1% |
| Average days on market | 34 days |
| Active inventory | 35 listings |
| Months of supply | 7.0 months |
| Sale-to-list price ratio | 96.0% |
| Median price per sq ft | $170/sq ft |
| Homes sold (latest month) | 5 |
| New listings (latest month) | 8 |
| Listings with a price cut | 28.6% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Lead by property type?
How the Lead, 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 | $257,500 | $147/sq ft | 4 | 31 days |
| Condo / Co-op | $159,000 | $184/sq ft | 1 | 36 days |
| Townhouse | $246,000 | $263/sq ft | 1 | 41 days |
Source: Redfin · Updated monthly
The Lead housing market is currently classified as a buyer's market with a median sale price of $255,000. Prices have risen 4.1% compared to last year, with homes spending an average of 34 days on market, indicating 7.0 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 6.8x provides context for how home values compare to local earning capacity.
Homes for sale in Lead
There are currently 35 homes listed for sale in Lead, South Dakota. The median listing price is $240K.
Active listings
35
Homes on market
Median list price
$240K
Avg. days on market
34
Days until sale
New this week
8
Newly listed
Who lives in Lead?
Population
2,997
Median income
$57,348/yr
Median age
52.1 years
Owner-occupied
70.2%
College grads
19.8%
Avg commute
21.9 min
Source: U.S. Census Bureau ACS
What are homes worth in Lead?
Zillow home value
$387,833
Price-to-income
6.8x
Source: Zillow Research
What is it like to live in Lead?
Lead is a community of approximately 3K residents with a median age of 52.1 years.The median household income is $57,348, which represents a working-class community with solid middle-income opportunities. 19.8% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 70.2%, reflecting strong community stability and long-term resident commitment. The average commute time is 21.9 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Lead offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Lead?
2 schools tracked · 362 students
The largest public schools serving Lead, 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.
Lead-Deadwood High School - 01
Grades 9-12 · 218 students
Lead-Deadwood Middle School - 02
Grades 6-8 · 144 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 Lead, SD?
Want a head-to-head view? Compare Lead side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Lead?
The median home sale price in Lead is $255,000, up 4.1% from last year.
How long do homes stay on market in Lead?
Homes typically spend 34 days on market before going under contract.
What is the median income in Lead?
The median household income is $57,348 per year.
Is Lead a buyer's or seller's market?
With 7.0 months of supply, Lead is currently a buyer's market.
What is the Zillow home value estimate for Lead?
The Zillow Home Value Index (ZHVI) for Lead is $387,833, representing the typical home value in the area.
What is the median condo price in Lead?
The median condo/co-op sale price in Lead, SD is $159,000, compared to $257,500 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Lead?
The median single-family home price in Lead, SD is $257,500 (about $147 per square foot).
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