Spearfish, SD Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Spearfish, SD is $552,500, up 10.5% year-over-year. Homes sell in an average of 73 days with 56 active listings. The market is currently a buyer's market.
$552,500median sale price
Is Spearfish a buyer's or seller's market?
Spearfish, SD is currently a buyer's market, based on 5.6 months of supply and homes selling in about 73 days. How we determine this →
Homes sold
10
Last 12 weeks
Days on market
73
Average pace
Active listings
56
5.6 months supply
Sale-to-list
97.1%
Below asking
Spearfish, SD market data
| Metric | Value |
|---|---|
| Median sale price | $552,500 |
| Median list price | $864,950 |
| Year-over-year price change | +10.5% |
| Average days on market | 73 days |
| Active inventory | 56 listings |
| Months of supply | 5.6 months |
| Sale-to-list price ratio | 97.1% |
| Market condition | Buyer's market |
Source: Redfin · Updated weekly
The Spearfish housing market is currently classified as a buyer's market with a median sale price of $552,500. Prices have risen 10.5% compared to last year, with homes spending an average of 73 days on market, indicating 5.6 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 Spearfish
There are currently 56 homes listed for sale in Spearfish, South Dakota. The median listing price is $865K.
Active listings
56
Homes on market
Median list price
$865K
Avg. days on market
73
Days until sale
New this week
10
Newly listed
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Frequently asked questions
What is the average home price in Spearfish?
The median home sale price in Spearfish is $552,500, up 10.5% from last year.
How long do homes stay on market in Spearfish?
Homes typically spend 73 days on market before going under contract.
Is Spearfish a buyer's or seller's market?
With 5.6 months of supply, Spearfish is currently a buyer's market.
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