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Featured local agent — North Spearfish, SD
Sarah Mitchell
Compass Real Estate · North Spearfish, SD
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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North Spearfish, SD Housing Market & Real Estate
Housing market overview · Updated monthly ·
$425,000median sale price
How is the North Spearfish, SD housing market right now?
The median home sale price in North Spearfish, SD is $425,000, up 1.5% year-over-year. Homes sell in an average of 38 days with 11 active listings. The market is currently a leaning buyer's. (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 North Spearfish a buyer's or seller's market?
North Spearfish, SD is currently a leaning buyer's, based on 11.0 months of supply and homes selling in about 38 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
38
Average pace
Active listings
11
11.0 months supply
Sale-to-list
100.3%
Above asking
What does the North Spearfish housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $425,000 |
| Median list price | $684,950 |
| Year-over-year price change | +1.5% |
| Average days on market | 38 days |
| Active inventory | 11 listings |
| Months of supply | 11.0 months |
| Sale-to-list price ratio | 100.3% |
| Median price per sq ft | $135/sq ft |
| Homes sold (latest month) | 1 |
| New listings (latest month) | 2 |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
How much do homes cost in North Spearfish by property type?
How the North Spearfish, 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 | $425,000 | $135/sq ft | 1 | 38 days |
Source: Redfin · Updated monthly
The North Spearfish housing market is currently classified as a leaning buyer's with a median sale price of $425,000. Prices have risen 1.5% compared to last year, with homes spending an average of 38 days on market, indicating 11.0 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 North Spearfish
There are currently 11 homes listed for sale in North Spearfish, South Dakota. The median listing price is $685K.
Active listings
11
Homes on market
Median list price
$685K
Avg. days on market
38
Days until sale
New this week
2
Newly listed
Who lives in North Spearfish?
Population
2,201
Median income
$69,792/yr
Median age
38.9 years
Owner-occupied
81.4%
College grads
38.5%
Avg commute
15.5 min
Source: U.S. Census Bureau ACS
What is it like to live in North Spearfish?
North Spearfish is a community of approximately 2K residents with a median age of 38.9 years.The median household income is $69,792, which represents a working-class community with solid middle-income opportunities. 38.5% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 81.4%, reflecting strong community stability and long-term resident commitment. The average commute time is 15.5 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, North Spearfish offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near North Spearfish, SD?
Want a head-to-head view? Compare North Spearfish side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in North Spearfish?
The median home sale price in North Spearfish is $425,000, up 1.5% from last year.
How long do homes stay on market in North Spearfish?
Homes typically spend 38 days on market before going under contract.
What is the median income in North Spearfish?
The median household income is $69,792 per year.
Is North Spearfish a buyer's or seller's market?
With 11.0 months of supply, North Spearfish is currently a leaning buyer's.
How much does a single-family home cost in North Spearfish?
The median single-family home price in North Spearfish, SD is $425,000 (about $135 per square foot).
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