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Featured local agent — Pierre, SD
Sarah Mitchell
Compass Real Estate · Pierre, SD
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Pierre, SD Housing Market & Real Estate
Housing market overview · Updated monthly ·
$288,440median sale price
How is the Pierre, SD housing market right now?
The median home sale price in Pierre, SD is $288,440, up 9.5% year-over-year. Homes sell in an average of 28 days with 48 active listings. The market is currently a balanced 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 Pierre a buyer's or seller's market?
Pierre, SD is currently a balanced market, based on 3.0 months of supply and homes selling in about 28 days. How we determine this →
Homes sold
16
Last 12 weeks
Days on market
28
Average pace
Active listings
48
3.0 months supply
Sale-to-list
97.8%
Below asking
What does the Pierre housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $288,440 |
| Median list price | $299,000 |
| Year-over-year price change | +9.5% |
| Average days on market | 28 days |
| Active inventory | 48 listings |
| Months of supply | 3.0 months |
| Sale-to-list price ratio | 97.8% |
| Median price per sq ft | $156/sq ft |
| Homes sold (latest month) | 16 |
| New listings (latest month) | 19 |
| Listings with a price cut | 29.2% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Pierre by property type?
How the Pierre, 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 | $288,440 | $156/sq ft | 16 | 28 days |
Source: Redfin · Updated monthly
The Pierre housing market is currently classified as a balanced market with a median sale price of $288,440. Prices have risen 9.5% compared to last year, with homes spending an average of 28 days on market, indicating 3.0 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 4.1x provides context for how home values compare to local earning capacity.
Homes for sale in Pierre
There are currently 48 homes listed for sale in Pierre, South Dakota. The median listing price is $299K.
Active listings
48
Homes on market
Median list price
$299K
Avg. days on market
28
Days until sale
New this week
19
Newly listed
Who lives in Pierre?
Population
14,008
Median income
$74,053/yr
Median age
39.9 years
Owner-occupied
72.0%
College grads
34.8%
Avg commute
12.2 min
Source: U.S. Census Bureau ACS
What are homes worth in Pierre?
Zillow home value
$304,546
Zillow rent index
$1,431/mo
Price-to-rent ratio
17.7x
Price-to-income
4.1x
Source: Zillow Research
What is it like to live in Pierre?
Pierre is a community of approximately 14K residents with a median age of 39.9 years.The median household income is $74,053, which represents a working-class community with solid middle-income opportunities. 34.8% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 72.0%, reflecting strong community stability and long-term resident commitment. The average commute time is 12.2 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Pierre offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Pierre?
6 schools tracked · 2,815 students
The largest public schools serving Pierre, 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.
T F Riggs High School - 01
Grades 9-12 · 808 students
Georgia Morse Middle School - 02
Grades 6-8 · 681 students
Buchanan Elementary - 03
Grades K-5 · 422 students
Kennedy Elementary - 08
Grades K-5 · 394 students
Jefferson Elementary - 06
Grades K-5 · 383 students
Pierre Indian Learning Center
Grades 1-8 · 127 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 Pierre, SD?
Want a head-to-head view? Compare Pierre side-by-side with any other U.S. city using our market-comparison tool.
Is Pierre a good real estate investment market?
For investors evaluating Pierre, the price-to-rent ratio of 17.7x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 9.5% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Pierre's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Pierre's median home price.
Frequently asked questions
What is the average home price in Pierre?
The median home sale price in Pierre is $288,440, up 9.5% from last year.
How long do homes stay on market in Pierre?
Homes typically spend 28 days on market before going under contract.
What is the median income in Pierre?
The median household income is $74,053 per year.
Is Pierre a buyer's or seller's market?
With 3.0 months of supply, Pierre is currently a balanced market.
What is the Zillow home value estimate for Pierre?
The Zillow Home Value Index (ZHVI) for Pierre is $304,546, representing the typical home value in the area.
How much does a single-family home cost in Pierre?
The median single-family home price in Pierre, SD is $288,440 (about $156 per square foot).
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