Tea, SD Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Tea, SD is $405,750, down 13.1% year-over-year. Homes sell in an average of 305 days with 53 active listings. The market is currently a buyer's market.
$405,750median sale price
Is Tea a buyer's or seller's market?
Tea, SD is currently a buyer's market, based on 8.8 months of supply and homes selling in about 305 days. How we determine this →
Homes sold
6
Last 12 weeks
Days on market
305
Average pace
Active listings
53
8.8 months supply
Sale-to-list
96.6%
Below asking
Tea, SD market data
| Metric | Value |
|---|---|
| Median sale price | $405,750 |
| Median list price | $342,500 |
| Year-over-year price change | -13.1% |
| Average days on market | 305 days |
| Active inventory | 53 listings |
| Months of supply | 8.8 months |
| Sale-to-list price ratio | 96.6% |
| Market condition | Buyer's market |
Source: Redfin · Updated weekly
The Tea housing market is currently classified as a buyer's market with a median sale price of $405,750. Prices have fallen 13.1% compared to last year, with homes spending an average of 305 days on market, indicating 8.8 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 Tea
There are currently 53 homes listed for sale in Tea, South Dakota. The median listing price is $343K.
Active listings
53
Homes on market
Median list price
$343K
Avg. days on market
305
Days until sale
New this week
6
Newly listed
Top public schools in 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.
Explore nearby cities in SD
Frequently asked questions
What is the average home price in Tea?
The median home sale price in Tea is $405,750, down 13.1% from last year.
How long do homes stay on market in Tea?
Homes typically spend 305 days on market before going under contract.
Is Tea a buyer's or seller's market?
With 8.8 months of supply, Tea is currently a buyer's market.
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