Top Mega Teams in South Dakota – Ranked by Sides

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    2022 Market Summary

    South Dakota started 2022 with a total of 755 single-family homes on the market, with a median home price of $349,900 and an average price per square foot of $210. By the end of the year, inventory had increased to 1,557 homes on the market (+106%), with a median home price of $405,000 (+15%) and an average price per square foot of $218 (+3%).

    At the start of 2022, the median days on market (DOM) was 70 days – by the end of the year, median DOM had increased to 91 days.

    South Dakota started the year with 14% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 21% of South Dakota homes for sale had taken a price cut.

    Finally, Altos’ proprietary Market Action Index (MAI) shows that South Dakota started 2022 as a strong seller’s market, with an MAI score of 49; by the end of the year, the MAI had dropped to 31 – a balanced buyer and seller’s market.

    This market summary is powered by Altos Research – click here to run a free report for your area.

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    South Dakota News

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    The Real Brokerage enters South Dakota with top-performing team 

    May 25, 2023By

    It’s clear that The Real Brokerage is in growth mode. The firm announced its entrance into South Dakota on Thursday, less than two weeks after announcing the addition of two mega teams. With this launch, Real now has operations in 47 states and four Canadian provinces. The South Dakota operation will be led by Josh […]