Comprehensive market data and analysis• Updated Dec 2025
46.3 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 23 | 74 | 152 | 309 |
| 1-2 acres | 4 | 22 | 55 | 94 |
| 2-5 acres | 9 | 23 | 64 | 120 |
| 5-10 acres | 4 | 24 | 48 | 85 |
| 10-20 acres | 3 | 14 | 25 | 46 |
| 20-50 acres | 2 | 9 | 19 | 39 |
| 50-100 acres | - | 2 | 5 | 11 |
| 100+ acres | 2 | 7 | 12 | 18 |
| TOTAL | 47 | 175 | 380 | 722 |
Acreage buckets
The median price for land in South Dakota is currently $81K per acre. For a typical parcel, the median sale price is $120K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $45K while premium lots reached $425K.
South Dakota is currently a strong buyer's market with 46.3 months of supply. Buyers have more negotiating power and can take time to find the right property. Prices have decreased 23.3% year-over-year.
South Dakota currently has 46.3 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
The current absorption rate in South Dakota is 2.2% (3-month basis), indicating slow demand. With depreciating values (-23.3% YoY), buyers may find value opportunities. The top-performing broker in this market is HAUGAN NELSON REALTY, INC.
Average farm real estate in South Dakota is valued at $3K/acre. Cropland specifically averages $4K/acre. Pasture land averages $1K/acre. (Data from 2023)
There are currently 2,871 active listings in South Dakota. 644 new listings have hit the market in the last 90 days. The median asking price is $110K.
Average cropland rent in South Dakota is $128/acre/year. Pasture land rents for approximately $30/acre/year.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.