Summerset, SD Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Summerset, SD is $434,850, up 10.9% year-over-year. Homes sell in an average of 160 days with 23 active listings. The market is currently a buyer's market.
$434,850median sale price
Is Summerset a buyer's or seller's market?
Summerset, SD is currently a buyer's market, based on 11.5 months of supply and homes selling in about 160 days. How we determine this →
Homes sold
2
Last 12 weeks
Days on market
160
Average pace
Active listings
23
11.5 months supply
Sale-to-list
97.2%
Below asking
Summerset, SD market data
| Metric | Value |
|---|---|
| Median sale price | $434,850 |
| Median list price | $504,500 |
| Year-over-year price change | +10.9% |
| Average days on market | 160 days |
| Active inventory | 23 listings |
| Months of supply | 11.5 months |
| Sale-to-list price ratio | 97.2% |
| Market condition | Buyer's market |
Source: Redfin · Updated weekly
The Summerset housing market is currently classified as a buyer's market with a median sale price of $434,850. Prices have risen 10.9% compared to last year, with homes spending an average of 160 days on market, indicating 11.5 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 Summerset
There are currently 23 homes listed for sale in Summerset, South Dakota. The median listing price is $505K.
Active listings
23
Homes on market
Median list price
$505K
Avg. days on market
160
Days until sale
New this week
4
Newly listed
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Frequently asked questions
What is the average home price in Summerset?
The median home sale price in Summerset is $434,850, up 10.9% from last year.
How long do homes stay on market in Summerset?
Homes typically spend 160 days on market before going under contract.
Is Summerset a buyer's or seller's market?
With 11.5 months of supply, Summerset is currently a buyer's market.
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