Sturgis, SD Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Sturgis, SD is $297,450, down 11.2% year-over-year. Homes sell in an average of 108 days with 25 active listings. The market is currently a buyer's market.
$297,450median sale price
Is Sturgis a buyer's or seller's market?
Sturgis, SD is currently a buyer's market, based on 6.3 months of supply and homes selling in about 108 days. How we determine this →
Homes sold
4
Last 12 weeks
Days on market
108
Average pace
Active listings
25
6.3 months supply
Sale-to-list
94.0%
Below asking
Sturgis, SD market data
| Metric | Value |
|---|---|
| Median sale price | $297,450 |
| Median list price | $407,500 |
| Year-over-year price change | -11.2% |
| Average days on market | 108 days |
| Active inventory | 25 listings |
| Months of supply | 6.3 months |
| Sale-to-list price ratio | 94.0% |
| Market condition | Buyer's market |
Source: Redfin · Updated weekly
The Sturgis housing market is currently classified as a buyer's market with a median sale price of $297,450. Prices have fallen 11.2% compared to last year, with homes spending an average of 108 days on market, indicating 6.3 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 Sturgis
There are currently 25 homes listed for sale in Sturgis, South Dakota. The median listing price is $407K.
Active listings
25
Homes on market
Median list price
$407K
Avg. days on market
108
Days until sale
New this week
6
Newly listed
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Frequently asked questions
What is the average home price in Sturgis?
The median home sale price in Sturgis is $297,450, down 11.2% from last year.
How long do homes stay on market in Sturgis?
Homes typically spend 108 days on market before going under contract.
Is Sturgis a buyer's or seller's market?
With 6.3 months of supply, Sturgis is currently a buyer's market.
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