South Dakota
Local Housing Market · Zillow ZHVI · September 2026
$317,874
Typical Home Value
▲ 2.3% YoY ▲ 0.04% MoM
7.40%
30Y Mortgage Rate
PMMS · Oct 15, 2026
121bps
YoY Rate Change
▲ Higher than 1yr ago
230bps
30Y/10Y Spread
Norm ~170bps
🏘 South Dakota Home Values
Zillow Home Value Index (ZHVI)
ZillowTypical Home Value
$317,874
▲ 2.3% YoY
Month-over-Month
▲ 0.04% MoM
September 2026
Data Period
September 2026
Updated monthly
Zillow ZHVI · State-level · Smoothed, seasonally adjusted · Updated monthly
📊 National Mortgage Rates
Current Mortgage Rates
Freddie Mac PMMS30Y Fixed
7.40%
PMMS · Oct 15, 2026
15Y Fixed
6.71%
PMMS · Oct 15, 2026
1yr Ago 30Y
6.19%
▲ Rates higher now
30Y/10Y Spread
230bps
Normal · 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 · September 2026
• Inventory is up 0.4% YoY and listing prices are flat 0.4% YoY with 17.6% of listings carrying a price cut. Pricing is stable — comps should be reliable.
• Homes are selling in a median 58 days — a slower market. Pending ratio is 0.31 — moderate demand, purchase timelines are manageable.
• New listings are increasing 3.8% YoY. More sellers entering the market supports purchase loan volume.
Median Listing Price
$375,000
▲ 0.4% YoY
Median Days on Market
58d
0d YoY
Active Listings
3,581
▲ 0.4% YoY
New Listings
1,046
▲ 3.8% YoY
Price Reduced Share
17.6%
of active listings
Pending Ratio
0.31
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) · September 2026
Sioux Falls
▼ COOLING
National rank #157
Median Price
$359,900
Median DOM
47d
Demand score 22/100
Rapid City
▼ COOLING
National rank #158
Median Price
$429,950
Median DOM
61d
Demand score 58/100
Realtor.com Hotness Index · Metro-level · Higher demand score = more buyer activity relative to supply