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Featured local agent — Tea, SD
Sarah Mitchell
Compass Real Estate · Tea, SD
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Tea, SD Housing Market & Real Estate
Housing market overview · Updated monthly ·
$394,750median sale price
How is the Tea, SD housing market right now?
The median home sale price in Tea, SD is $394,750, up 8.2% year-over-year. Homes sell in an average of 94 days with 40 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Tea a buyer's or seller's market?
Tea, SD is currently a balanced market, based on 2.9 months of supply and homes selling in about 94 days. How we determine this →
Homes sold
14
Last 12 weeks
Days on market
94
Average pace
Active listings
40
2.9 months supply
Sale-to-list
99.4%
Below asking
What does the Tea housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $394,750 |
| Median list price | $484,950 |
| Year-over-year price change | +8.2% |
| Average days on market | 94 days |
| Active inventory | 40 listings |
| Months of supply | 2.9 months |
| Sale-to-list price ratio | 99.4% |
| Median price per sq ft | $308/sq ft |
| Homes sold (latest month) | 14 |
| New listings (latest month) | 16 |
| Listings with a price cut | 5.0% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Tea by property type?
How the Tea, SD market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $395,000 | $312/sq ft | 13 | 94 days |
| Townhouse | $306,500 | $190/sq ft | 1 | 763 days |
Source: Redfin · Updated monthly
The Tea housing market is currently classified as a balanced market with a median sale price of $394,750. Prices have risen 8.2% compared to last year, with homes spending an average of 94 days on market, indicating 2.9 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.7x provides context for how home values compare to local earning capacity.
Homes for sale in Tea
There are currently 40 homes listed for sale in Tea, South Dakota. The median listing price is $485K.
Active listings
40
Homes on market
Median list price
$485K
Avg. days on market
94
Days until sale
New this week
16
Newly listed
Who lives in Tea?
Population
6,339
Median income
$104,643/yr
Median age
29.7 years
Owner-occupied
79.3%
College grads
41.4%
Avg commute
19.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Tea?
Zillow home value
$391,105
Zillow rent index
$1,257/mo
Price-to-rent ratio
25.9x
Price-to-income
3.7x
Source: Zillow Research
What is it like to live in Tea?
Tea is a community of approximately 6K residents with a median age of 29.7 years.The median household income is $104,643, which reflects a relatively affluent area with strong earning potential. 41.4% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 79.3%, reflecting strong community stability and long-term resident commitment. The average commute time is 19.4 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Tea offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Tea?
5 schools tracked · 2,146 students
The largest public schools serving Tea, SD by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Tea Area High School - 03
Grades 9-12 · 670 students
Tea Area Middle School - 02
Grades 6-8 · 556 students
Tea Area Legacy Elementary - 01
Grades K-5 · 532 students
Tea Area Venture Elementary - 06
Grades K-5 · 388 students
Tea Area Preschool - 07
Grades PK
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Tea, SD?
Want a head-to-head view? Compare Tea side-by-side with any other U.S. city using our market-comparison tool.
Is Tea a good real estate investment market?
For investors evaluating Tea, the price-to-rent ratio of 25.9x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 8.2% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Tea's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Tea's median home price.
Frequently asked questions
What is the average home price in Tea?
The median home sale price in Tea is $394,750, up 8.2% from last year.
How long do homes stay on market in Tea?
Homes typically spend 94 days on market before going under contract.
What is the median income in Tea?
The median household income is $104,643 per year.
Is Tea a buyer's or seller's market?
With 2.9 months of supply, Tea is currently a balanced market.
What is the Zillow home value estimate for Tea?
The Zillow Home Value Index (ZHVI) for Tea is $391,105, representing the typical home value in the area.
How much does a single-family home cost in Tea?
The median single-family home price in Tea, SD is $395,000 (about $312 per square foot).
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