South Dakota
Local Housing Market · Zillow ZHVI · May 2026
$323,067
Typical Home Value
▲ 2.7% YoY ▼ 0.11% MoM
6.49%
30Y Mortgage Rate
PMMS · Jul 09, 2026
26bps
YoY Rate Change
▼ Lower than 1yr ago
195bps
30Y/10Y Spread
Norm ~170bps
🏘 South Dakota Home Values
Zillow Home Value Index (ZHVI)
ZillowTypical Home Value
$323,067
▲ 2.7% YoY
Month-over-Month
▼ 0.11% MoM
May 2026
Data Period
May 2026
Updated monthly
Zillow ZHVI · State-level · Smoothed, seasonally adjusted · Updated monthly
📊 National Mortgage Rates
Current Mortgage Rates
Freddie Mac PMMS30Y Fixed
6.49%
PMMS · Jul 09, 2026
15Y Fixed
5.82%
PMMS · Jul 09, 2026
1yr Ago 30Y
6.75%
▼ Rates lower 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 · June 2026
• Inventory is up 0.5% YoY and listing prices are softening 2.8% YoY with 15.4% of listings carrying a price cut. Appraisal risk is lower, but watch for value gaps on pending deals.
• Homes are selling in a median 52 days — a slower market. Pending ratio is 0.4 — moderate demand, purchase timelines are manageable.
• New listings are roughly flat 0.2% YoY. Seller activity is stable.
Median Listing Price
$383,850
▼ 2.8% YoY
Median Days on Market
52d
0d YoY
Active Listings
3,201
▲ 0.5% YoY
New Listings
1,238
▲ 0.2% YoY
Price Reduced Share
15.4%
of active listings
Pending Ratio
0.4
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) · June 2026
Rapid City
▼ COOLING
National rank #137
Median Price
$449,900
Median DOM
45d
Demand score 53/100
Sioux Falls
▼ COOLING
National rank #217
Median Price
$359,900
Median DOM
51d
Demand score 22/100
Realtor.com Hotness Index · Metro-level · Higher demand score = more buyer activity relative to supply