South Dakota
Local Housing Market · Zillow ZHVI · July 2026
$324,891
Typical Home Value
▲ 2.5% YoY ▼ 0.10% MoM
6.65%
30Y Mortgage Rate
PMMS · Aug 20, 2026
9bps
YoY Rate Change
▲ Higher than 1yr ago
195bps
30Y/10Y Spread
Norm ~170bps
🏘 South Dakota Home Values
Zillow Home Value Index (ZHVI)
ZillowTypical Home Value
$324,891
▲ 2.5% YoY
Month-over-Month
▼ 0.10% MoM
July 2026
Data Period
July 2026
Updated monthly
Zillow ZHVI · State-level · Smoothed, seasonally adjusted · Updated monthly
📊 National Mortgage Rates
Current Mortgage Rates
Freddie Mac PMMS30Y Fixed
6.65%
PMMS · Aug 20, 2026
15Y Fixed
5.95%
PMMS · Aug 20, 2026
1yr Ago 30Y
6.56%
▲ Rates higher now
30Y/10Y Spread
195bps
Tight · norm ~170bps
Freddie Mac PMMS via FRED · National rates · State-specific rates may vary slightly
📋 Realtor.com Market Data · South Dakota
Market Indicators
REALTOR.COM🏦 LO Market Signal · July 2026
• Inventory is down 0.2% YoY and listing prices are softening 3.0% YoY with 16.1% of listings carrying a price cut. Appraisal risk is lower, but watch for value gaps on pending deals.
• Homes are selling in a median 53 days — a slower market. Pending ratio is 0.36 — moderate demand, purchase timelines are manageable.
• New listings are increasing 10.4% YoY. More sellers entering the market supports purchase loan volume.
Median Listing Price
$378,350
▼ 3.0% YoY
Median Days on Market
53d
0d YoY
Active Listings
3,365
▼ 0.2% YoY
New Listings
1,254
▲ 10.4% YoY
Price Reduced Share
16.1%
of active listings
Pending Ratio
0.36
pending ÷ active
Realtor.com Research · State-level inventory data · Updated monthly
Hottest Markets in South Dakota
REALTOR.COMTop metros by national hotness rank (supply + demand composite) · July 2026
Rapid City
▼ COOLING
National rank #124
Median Price
$438,700
Median DOM
50d
Demand score 54/100
Sioux Falls
▼ COOLING
National rank #156
Median Price
$366,362
Median DOM
46d
Demand score 23/100
Realtor.com Hotness Index · Metro-level · Higher demand score = more buyer activity relative to supply