Mitchell, SD
Housing market overview · Updated weekly
$215,000median sale price
Homes sold
9
Last 12 weeks
Days on market
54
Average pace
Active listings
40
4.4 months supply
Sale-to-list
94.1%
Below asking
The Mitchell housing market is currently classified as a buyer's market with a median sale price of $215,000. Prices have fallen 12.7% compared to last year, with homes spending an average of 54 days on market, indicating 4.4 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Market trends
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Frequently asked questions
What is the average home price in Mitchell?
The median home sale price in Mitchell is $215,000, down 12.7% from last year.
How long do homes stay on market in Mitchell?
Homes typically spend 54 days on market before going under contract.
Is Mitchell a buyer's or seller's market?
With 4.4 months of supply, Mitchell is currently a buyer's market.
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