Brokers — List your Company Here
Featured local agent — Pine Lakes Addition, SD
Sarah Mitchell
Compass Real Estate · Pine Lakes Addition, SD
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
This spot is open. Be the only brokerage featured on this page — one slot, no auction.
Claim this spot* Example only — dummy agent for illustration. Your logo, name, tagline, link, and lead routing replace this content.
Pine Lakes Addition, SD Housing Market
The last median sale price Redfin published was $440,000 (through May 2026). With homes going under contract in about 553 days, Pine Lakes Addition is a buyer's market. At today's 7.03% 30-year fixed rate, 20% down on a $440,000 home is about $2,349/mo in principal and interest.
Key numbers for Pine Lakes Addition, SD
Median sale price
$440,000
Last published period
Redfin, through May 2026
Days on market
553
Slow-moving
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$192,813
Home costs 2.3x income
U.S. Census ACS, 2023
Sale-to-list ratio
95.7%
Selling below asking
Redfin, through May 2026
Zillow figures refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Pine Lakes Addition a buyer's or seller's market?
Pine Lakes Addition, SD is a buyer's market and homes selling in about 553 days. We classify markets from months of supply, sale-to-list ratio and days on market together — no single number decides it.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Pine Lakes Addition housing market data show?
Every row below is Redfin's final published month for Pine Lakes Addition, SD. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $440,000 |
| Median price per sq ft | $214/sq ft |
| Median days on market | 553 days |
| Sale-to-list price ratio | 95.7% |
| Homes sold (that month) | 1 |
| Market condition | Buyer's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Pine Lakes Addition is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Pine Lakes Addition is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Pine Lakes Addition home prices moved?
Across the 13 months we hold for Pine Lakes Addition, SD, the median sale price fell 14.6%, from $515,000 in July 2022 to $440,000.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
Get Pine Lakes Addition market alerts
Weekly updates on prices, inventory, and trends. Free forever.
What does it cost to buy a home in Pine Lakes Addition?
Priced off the median sale price of $440,000 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $88,000 | $352,000 | $2,349/mo |
| 5% | $22,000 | $418,000 | $2,789/mo |
Redfin, through May 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $2,349, that implies roughly $100,670 a year before you add taxes and insurance. The median household in Pine Lakes Addition earns $192,813, about $92,143 more than that threshold — the typical local household clears the payment on a typical local home with 20% down. That puts the price-to-income ratio at 2.3x — close to the historical 3x norm, which is unusual in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Pine Lakes Addition in the next 12 months?
Tell us your timeline. We send the Pine Lakes Addition market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Pine Lakes Addition?
Zillow does not publish a rent index (ZORI) for Pine Lakes Addition, SD, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Pine Lakes Addition?
Active listings in Pine Lakes Addition, SD went from 1 in July 2022 to 1 in March 2026, a +0.0% change. Inventory has been roughly flat, which usually keeps prices moving with rates rather than with local supply.
| Month | Active listings | New listings |
|---|---|---|
| July 2022 | 1 | not published |
| July 2024 | 3 | 2 |
| September 2024 | 2 | not published |
| October 2024 | 2 | 1 |
| November 2024 | 1 | not published |
| March 2025 | 2 | not published |
| March 2026 | 1 | not published |
Redfin, through March 2026
How does Pine Lakes Addition compare to South Dakota and the U.S.?
Pine Lakes Addition homes sell for $440,000 — 27% above the South Dakota median of $346,600. Against the national median of $410,700, Pine Lakes Addition runs 7% higher.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Pine Lakes Addition, SD | $440,000 | not published | 553 days |
| South Dakota statewide | $346,600 | +4.3% | 49 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Pine Lakes Addition
What buyers should watch
- The gap between 5% and 20% down here is $440 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $440,000 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Pine Lakes Addition listing goes under contract in 553 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 95.7% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- Comparable ZIP-level pricing inside Pine Lakes Addition varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Pine Lakes Addition
Explore homes currently listed for sale in Pine Lakes Addition, South Dakota across major real estate platforms.
How much do homes cost in Pine Lakes Addition by property type?
How the Pine Lakes Addition, SD market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $440,000 | $214/sq ft | 1 | 553 days |
Who lives in Pine Lakes Addition?
American Community Survey estimates for Pine Lakes Addition. U.S. Census ACS, 2023
Population
243
Households
91
Median income
$192,813/yr
Median age
40.8 years
Owner-occupied
100.0%
Median home value
$567,000
Mean commute
16.3 min
100.0% of occupied homes in Pine Lakes Addition are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market.
Which cities are near Pine Lakes Addition, SD?
Ordered by distance from Pine Lakes Addition, not by size. Compare Pine Lakes Addition side by side with any of them.
Pine Lakes Addition housing market FAQ
Is Pine Lakes Addition a buyer's or seller's market?
Pine Lakes Addition, SD is currently a buyer's market based on the supply, pace-of-sale and sale-to-list data we hold for this city. Redfin's public market tracker last published in May 2026, so this classification will not move until a new source fills that gap.
How much do homes cost in Pine Lakes Addition?
The median sale price in the last month Redfin published was $440,000, about $214 per square foot.
Is Pine Lakes Addition cheaper than the rest of South Dakota?
Pine Lakes Addition's median sale price of $440,000 is 27% higher than the South Dakota statewide median of $346,600, and 7% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Pine Lakes Addition?
Homes in Pine Lakes Addition, SD spent a median of 553 days on market before going under contract, versus 49 days statewide. Over two months means buyers have time to inspect, compare and negotiate. (Redfin, through May 2026.)
What income do you need to buy a home in Pine Lakes Addition?
At the current 30-year fixed rate of 7.03%, 20% down on a $440,000 home is about $2,349 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $100,670 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $192,813.
Are home prices rising in Pine Lakes Addition?
We do not hold a complete 12-month value series for Pine Lakes Addition, SD yet, so we are not going to call a direction. The price chart above shows every period we do have.
What are the cheapest ZIP codes in Pine Lakes Addition?
Pine Lakes Addition ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Pine Lakes Addition?
That depends on your timeline, not on a headline. What the data says today: Pine Lakes Addition, SD is a buyer's market, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
Be the brokerage on this page
1 slot per pageGet featured on Pine Lakes Addition, SD
Your logo, brokerage name, and direct link to your site — featured at the top of this page in front of every visitor researching this whole city. One brokerage, no rotation, no bidding war.
- Goes live in 24 hours
- Cancel anytime
- Do-follow backlink to your site
Keep researching Pine Lakes Addition
Nearby markets
Get the Pine Lakes Addition market brief
Get the Pine Lakes Addition, SD market brief
One email: what homes are actually clearing at around $440,000, how long they sit, which ZIPs run cheaper, and what to fix on your credit before you apply.