Market Intelligence · SD
South Dakota home prices and housing market.
Real market data across 6 cities and 14 ZIP markets in SD. The typical home is worth about $299K.
Updated September 2026Typical value$299K
The typical home value in South Dakota is $299K as of September 2026, up 2.2% from a year ago, based on the Zillow Home Value Index. In the typical South Dakota ZIP code, the median list price is $327K and homes spend a median of 62 days on market as of September 2026 (Realtor.com).
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Prices over time
South Dakota home prices over time
Typical home values in South Dakota are up 2.2% over the past year, from $292K in September 2025 to $299K in September 2026.
| Month | Typical value | 1-yr change |
|---|---|---|
| September 2026 | $298,556 | +2.2% |
| September 2025 | $292,093 | No prior year |
Typical value is the median Zillow Home Value Index across South Dakota ZIP codes, taken in September of each year so every row compares the same month.
Market balance
Is South Dakota a buyer's or seller's market?
South Dakota leans toward a buyer's market.
Homes are taking longer to sell and homes for sale are building up relative to new listings, which gives buyers more room to negotiate.
Based on a median of 62 days on market and 0% of listings with a price cut in the typical South Dakota ZIP code, and 968 new listings against 3,600 active listings across South Dakota, as of September 2026 (Realtor.com).
The outlook
South Dakota housing market forecast 2027
+2.5%
Weighted average of Zillow's ZIP forecasts, 12 months to September 2027
A weighted average of Zillow's ZIP forecasts, across 99 South Dakota ZIP codes, points to typical home values rising 2.5% by September 2027.
Over the 12 months through September 2026, typical home values in South Dakota rose 2.2%, per the Zillow Home Value Index.
Will home prices drop in South Dakota?
The forecasts do not call for a drop: a weighted average of Zillow's ZIP forecasts for South Dakota shows typical home values rising 2.5% by September 2027, after a 2.2% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.
How this is calculated: each ZIP code's 12-month Zillow forecast is weighted by its typical home value (Zillow Home Value Index, September 2026). 99 South Dakota ZIP codes have both figures.
Forecast: a weighted average of Zillow's ZIP forecasts (Zillow Home Value Forecast, published October 2026), calculated by Home Value Pros. A forecast, not a guarantee.
Market board
Which South Dakota markets have the highest home values?
As of September 2026
- 1South Shore, SD$473,391Down6.0%1 ZIP market; open the South Shore, SD market page
- 2Rapid City, SD$359,948Up2.3%3 ZIP markets; open the Rapid City, SD market page
- 3Sioux Falls, SD$326,974Up1.6%7 ZIP markets; open the Sioux Falls, SD market page
- 4Wall, SD$310,332Up2.2%1 ZIP market; open the Wall, SD market page
- 5Ipswich, SD$284,152Up5.6%1 ZIP market; open the Ipswich, SD market page
- 6Cherry Creek, SDNo dataNo data1 ZIP market; open the Cherry Creek, SD market page
Typical value is the median Zillow home value (ZHVI) across each city's ZIP codes, as of September 2026. 1-yr change compares that median to the same ZIPs a year earlier. More SD markets publish as their data clears editorial QA.
Zillow ZHVI, September 2026
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Common questions
Questions about South Dakota home prices.
What is the typical home price in South Dakota?
The typical home price in South Dakota is about $299K as of September 2026, based on the Zillow Home Value Index (the median of the index across South Dakota ZIP codes). In the typical South Dakota ZIP code, the median list price is $327K as of September 2026 (Realtor.com), which reflects what sellers are asking rather than what homes sell for.
Are home prices going up or down in South Dakota?
Typical home values in South Dakota are up 2.2% over the past year, based on the Zillow Home Value Index as of September 2026.
Is South Dakota a buyer's or seller's market?
South Dakota leans toward a buyer's market. Homes are taking longer to sell and homes for sale are building up relative to new listings, which gives buyers more room to negotiate. Based on a median of 62 days on market and 0% of listings with a price cut in the typical South Dakota ZIP code, and 968 new listings against 3,600 active listings across South Dakota, as of September 2026 (Realtor.com).
How long do homes take to sell in South Dakota?
In the typical South Dakota ZIP code, homes spend a median of 62 days on market as of September 2026, based on Realtor.com listing data. Pricing and condition decide how fast any one home sells, so treat the median as a benchmark rather than a promise.
The market is moving