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Sarah Mitchell
Compass Real Estate · ZIP 57301
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57301 ZIP Code Housing Market
$244,700median sale price
What is the 57301 housing market like right now?
The median home sale price in ZIP code 57301 is $244,700, up 7.3% year-over-year. Homes sell in an average of 42 days with 36 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of March 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is the 57301 ZIP code a buyer's or seller's market?
ZIP code 57301 is currently a balanced market and homes selling in about 42 days. How we determine this →
What are the latest 57301 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $244,700 |
| Median list price | $260,750 |
| Year-over-year price change | +7.3% |
| Average days on market | 42 days |
| Active inventory | 36 listings |
| Sale-to-list price ratio | 96.0% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
The 57301 zip code, located in Mitchell, SD, is currently classified as a balanced market. The median sale price stands at $244,700, representing a +7.3% change year over year. Homes in this area spend an average of 42 days on the market before going under contract. There are currently 36 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 57301 sits in the Mitchell, SD area, roughly 1.1 miles from downtown Mitchell. Because home prices are set street by street, this ZIP can move differently from Mitchell's citywide averages. The figures below reflect 57301 specifically — drawn from Redfin transactions, U.S. Census data for its 19,104 residents, and Zillow value estimates.
Homes sold
54
Last 12 weeks
Days on market
42
Average pace
Active listings
36
Sale-to-list
96.0%
Below asking
What is driving the 57301 housing market?
The 57301 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a balanced market, homes are selling at approximately 96.0% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 57301 have increased +7.3% compared to last year, suggesting continued demand and potential for further appreciation. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
The Zillow Home Value Index (ZHVI) for 57301 stands at $259,522, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $972 per month. This gives a price-to-rent ratio of approximately 22.3, which indicates that renting may be more cost-effective than buying in the short term, though long-term appreciation could shift that calculus. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Who lives in 57301?
Population
19,104
Median income
$65,620/yr
Median age
39.7 years
Owner-occupied
61.6%
College grads
22.9%
Avg commute
14.26 min
What is it like living in 57301?
Zip code 57301 is home to approximately 19,104 residents. The median household income is $65,620 per year, which shapes the types of homes and amenities available in the area. With a median age of 39.7 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 61.6% of housing units are owner-occupied, indicating a stable, ownership-oriented community where residents have a vested interest in maintaining property values and neighborhood quality.
About 22.9% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. The average commute time is 14.26 minutes, which is shorter than the national average and suggests good proximity to employment centers. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 57301.
Which public schools serve ZIP 57301?
10 schools tracked · 2,730 students
The largest public schools serving ZIP code 57301 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.
Mitchell High School - 01
Grades 9-12 · 909 students
Mitchell Middle School - 02
Grades 6-8 · 609 students
L. B. Williams Elementary - 03
Grades K-5 · 444 students
Gertie Belle Rogers Elementary - 04
Grades K-5 · 382 students
Longfellow Elementary - 05
Grades K-5 · 312 students
Abbott House High School - 07
Grades 9-12 · 30 students
Rosedale Colony Elementary - 11
Grades K-8 · 24 students
Abbott House Elementary - 06
Grades K-8 · 8 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Frequently asked questions about 57301
What is the median home price in 57301?
The current median sale price in 57301 is $244,700, based on recent Redfin transaction data. Prices have changed +7.3% compared to last year. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 57301 a buyer's or seller's market?
The 57301 zip code is currently classified as a balanced market. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population of zip code 57301?
Zip code 57301 has a population of approximately 19,104 residents. The median household income is $65,620 per year. About 61.6% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 57301?
Properties Incorporated provides comprehensive data for 57301 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 57301 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually.
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