Summerset, SD

Buyer's market+10.9% YoY

Housing market overview · Updated weekly

$434,850median sale price

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

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

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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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