New Listing
5
$77,000
Charles St Lot 14
Mitchell, SD 57301
0 ba
Land9,148 sqft lot
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Sarah Mitchell
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Compass Real Estate · Mitchell, SD
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
Mitchell, SD(512) 555-0184TX License #0512847
Visit website →sarahmitchellhomes.com
5.0 · 47 reviews
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Mitchell, SD Housing Market & Real Estate
Seller's market-8.2% YoY
Housing market overview · Updated monthly ·
$206,500median sale price
How is the Mitchell, SD housing market right now?
The median home sale price in Mitchell, SD is $206,500, down 8.2% year-over-year. Homes sell in an average of 39 days with 33 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 Mitchell a buyer's or seller's market?
Seller's market1.4 months of supply39 avg. days on market
Mitchell, SD is currently a seller's market, based on 1.4 months of supply and homes selling in about 39 days. How we determine this →
Homes sold
24
Last 12 weeks
Days on market
39
Average pace
Active listings
33
1.4 months supply
Sale-to-list
95.3%
Below asking
What does the Mitchell housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $206,500 |
| Median list price | $298,950 |
| Year-over-year price change | -8.2% |
| Average days on market | 39 days |
| Active inventory | 33 listings |
| Months of supply | 1.4 months |
| Sale-to-list price ratio | 95.3% |
| Median price per sq ft | $142/sq ft |
| Homes sold (latest month) | 24 |
| New listings (latest month) | 18 |
| Listings with a price cut | 30.3% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Mitchell by property type?
How the Mitchell, 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 | $206,500 | $142/sq ft | 24 | 39 days |
Source: Redfin · Updated monthly
The Mitchell housing market is currently classified as a seller's market with a median sale price of $206,500. Prices have fallen 8.2% compared to last year, with homes spending an average of 39 days on market, indicating 1.4 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.6x provides context for how home values compare to local earning capacity.
Homes for sale in Mitchell
There are currently 33 homes listed for sale in Mitchell, South Dakota. The median listing price is $299K. Featured listings range from $77,000 to $265,000.
New Listing
24
$90,000
116 N Ohlman St
Mitchell, SD 57301
1 bd1 ba440 sqft$205/ft²
House2.52 acres
View photos & details
New Listing
37
$93,000
220 W 7th Ave
Mitchell, SD 57301
1 bd1 ba668 sqft$139/ft²
House4,356 sqft lot
View photos & details
New Listing
43
$99,900
1016 W 3rd Ave
Mitchell, SD 57301
3 bd1 ba1,101 sqft$91/ft²
House6,970 sqft lot
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New Listing
58
$165,000
1319 E Ash Ave
Mitchell, SD 57301
3 bd2 ba1,720 sqft$96/ft²
House6,970 sqft lot
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New Listing
35
$169,000
420 W 9th Ave
Mitchell, SD 57301
1 bd1 ba687 sqft$246/ft²
House6,970 sqft lot
View photos & details
New Listing
23
$179,900
318 W 12th Ave
Mitchell, SD 57301
2 bd1 ba864 sqft$208/ft²
House8,712 sqft lot
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New Listing
48
$219,000
603 E 6th Ave
Mitchell, SD 57301
3 bd1 ba1,755 sqft$125/ft²
House9,100 sqft lot
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New Listing
$250,000
720 E 3rd Ave
Mitchell, SD 57301
4 bd2 ba1,946 sqft$128/ft²
House10,454 sqft lot
View photos & details
New Listing
26
$250,000
206 Charles St
Mitchell, SD 57301
2 bd2 ba1,008 sqft$248/ft²
House9,280 sqft lot
View photos & details
New Build
27
$256,000
1152 Woods Cir
Mitchell, SD 57301
2 bd1 ba1,050 sqft$244/ft²
House15,246 sqft lot
View photos & details
New Listing
33
$265,000
713 E 14th Ave
Mitchell, SD 57301
3 bd2 ba1,639 sqft$162/ft²
House11,326 sqft lot
View photos & details
Looking to buy in Mitchell?
Get connected with a local real estate expert — free, no obligation.
Active listings
33
Homes on market
Median list price
$299K
Avg. days on market
39
Days until sale
New this week
18
Newly listed
Price drops:30.3%of listings
Sale-to-list:95.3%
Who lives in Mitchell?
Population
15,637
Median income
$56,374/yr
Median age
39.8 years
Owner-occupied
58.7%
College grads
25.7%
Avg commute
12 min
Source: U.S. Census Bureau ACS
What are homes worth in Mitchell?
Zillow home value
$259,551
Zillow rent index
$972/mo
Price-to-rent ratio
22.3x
Price-to-income
4.6x
Source: Zillow Research
What is it like to live in Mitchell?
Mitchell is a community of approximately 16K residents with a median age of 39.8 years.The median household income is $56,374, which represents a working-class community with solid middle-income opportunities. 25.7% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 58.7%, showing a blend of owner and renter-occupied properties. The average commute time is 12 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Mitchell offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Mitchell?
10 schools tracked · 2,730 students
The largest public schools serving Mitchell, 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.
Mitchell High School - 01
Grades 9-12 · 909 students
Mitchell Middle School - 02
Grades 6-8 · 609 students
L. B. Williams Elementary - 03
Grades K-5 · 444 students
Gertie Belle Rogers Elementary - 04
Grades K-5 · 382 students
Longfellow Elementary - 05
Grades K-5 · 312 students
Abbott House High School - 07
Grades 9-12 · 30 students
Rosedale Colony Elementary - 11
Grades K-8 · 24 students
Abbott House Elementary - 06
Grades K-8 · 8 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 Mitchell, SD?
Want a head-to-head view? Compare Mitchell side-by-side with any other U.S. city using our market-comparison tool.
Which ZIP codes are in Mitchell?
Is Mitchell a good real estate investment market?
For investors evaluating Mitchell, the price-to-rent ratio of 22.3x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 8.2% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Mitchell's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Mitchell's median home price.
Frequently asked questions
What is the average home price in Mitchell?
The median home sale price in Mitchell is $206,500, down 8.2% from last year.
How long do homes stay on market in Mitchell?
Homes typically spend 39 days on market before going under contract.
What is the median income in Mitchell?
The median household income is $56,374 per year.
Is Mitchell a buyer's or seller's market?
With 1.4 months of supply, Mitchell is currently a seller's market.
How many homes are for sale in Mitchell?
There are currently 33 homes listed for sale in Mitchell, SD.
What is the Zillow home value estimate for Mitchell?
The Zillow Home Value Index (ZHVI) for Mitchell is $259,551, representing the typical home value in the area.
How much does a single-family home cost in Mitchell?
The median single-family home price in Mitchell, SD is $206,500 (about $142 per square foot).
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