Pierre, SD Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Pierre, SD is $265,000, up 6.0% year-over-year. Homes sell in an average of 63 days with 34 active listings. The market is currently a buyer's market.
$265,000median sale price
Is Pierre a buyer's or seller's market?
Pierre, SD is currently a buyer's market, based on 4.9 months of supply and homes selling in about 63 days. How we determine this →
Homes sold
7
Last 12 weeks
Days on market
63
Average pace
Active listings
34
4.9 months supply
Sale-to-list
94.5%
Below asking
Pierre, SD market data
| Metric | Value |
|---|---|
| Median sale price | $265,000 |
| Median list price | $262,000 |
| Year-over-year price change | +6.0% |
| Average days on market | 63 days |
| Active inventory | 34 listings |
| Months of supply | 4.9 months |
| Sale-to-list price ratio | 94.5% |
| Market condition | Buyer's market |
Source: Redfin · Updated weekly
The Pierre housing market is currently classified as a buyer's market with a median sale price of $265,000. Prices have risen 6.0% compared to last year, with homes spending an average of 63 days on market, indicating 4.9 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
Homes for sale in Pierre
There are currently 34 homes listed for sale in Pierre, South Dakota. The median listing price is $262K.
Active listings
34
Homes on market
Median list price
$262K
Avg. days on market
63
Days until sale
New this week
12
Newly listed
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Frequently asked questions
What is the average home price in Pierre?
The median home sale price in Pierre is $265,000, up 6.0% from last year.
How long do homes stay on market in Pierre?
Homes typically spend 63 days on market before going under contract.
Is Pierre a buyer's or seller's market?
With 4.9 months of supply, Pierre is currently a buyer's market.
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