South Dakota

Local Housing Market · Zillow ZHVI · March 2026

$317,148

Typical Home Value

▲ 2.7% YoY ▲ 0.33% MoM

6.37%

30Y Mortgage Rate

PMMS · May 07, 2026

44bps

YoY Rate Change

▼ Lower than 1yr ago

199bps

30Y/10Y Spread

Norm ~170bps

🏘 South Dakota Home Values

Zillow Home Value Index (ZHVI)

Zillow

Typical Home Value

$317,148

▲ 2.7% YoY

Month-over-Month

▲ 0.33% MoM

March 2026

Data Period

March 2026

Updated monthly

Zillow ZHVI · State-level · Smoothed, seasonally adjusted · Updated monthly

📊 National Mortgage Rates

Current Mortgage Rates

Freddie Mac PMMS

30Y Fixed

6.37%

PMMS · May 07, 2026

15Y Fixed

5.72%

PMMS · May 07, 2026

1yr Ago 30Y

6.81%

▼ Rates lower now

30Y/10Y Spread

199bps

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 · April 2026

• Inventory is up 11.6% YoY and listing prices are softening 1.8% YoY with 10.2% of listings carrying a price cut. Appraisal risk is lower, but watch for value gaps on pending deals.

• Homes are selling in a median 47 days — a moderate-paced market. Pending ratio is 0.46 — moderate demand, purchase timelines are manageable.

• New listings are declining 5.1% YoY. Fewer new listings may constrain purchase pipeline — focus on pre-approvals to capture demand early.

Median Listing Price

$382,200

▼ 1.8% YoY

Median Days on Market

47d

0d YoY

Active Listings

2,814

▲ 11.6% YoY

New Listings

1,254

▼ 5.1% YoY

Price Reduced Share

10.2%

of active listings

Pending Ratio

0.46

pending ÷ active

Realtor.com Research · State-level inventory data · Updated monthly

Hottest Markets in South Dakota

REALTOR.COM

Top metros by national hotness rank (supply + demand composite) · April 2026

Rapid City

▼ COOLING

National rank #103

Median Price

$439,725

Median DOM

40d

Demand score 52/100

Sioux Falls

▼ COOLING

National rank #205

Median Price

$367,425

Median DOM

48d

Demand score 22/100

Realtor.com Hotness Index · Metro-level · Higher demand score = more buyer activity relative to supply