Top Small Teams in South Dakota – Ranked By Volume

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    • Rank – State VolumeTeam NameCompanyLocationVolumeProfile
    1Stuart Martin TeamRE/MAX ResultsRapid City, SD$52,791,426View Profile
    2Forrest Thompson TeamRE/MAX AdvantageRapid City, SD$46,729,976View Profile
    3Matthew Fisher HomesKeller Williams Realty Sioux Falls, SDSioux Falls, SD$43,490,539View Profile
    4Tim Allex TeamKeller Williams Realty Sioux Falls, SDSioux Falls, SD$38,348,409View Profile
    5Bart MillerRE/MAX ResultsRapid City, SD$29,739,913View Profile
    6Anderson Real EstateKeller Williams Realty Sioux Falls, SDSioux Falls, SD$26,413,439View Profile
    7The Mitch Mudlin TeamRE/MAX ResultsRapid City, SD$24,674,623View Profile

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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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