Comprehensive market data and analysis
We're showing South Dakota County statistics below to give you a broader market picture. As more transactions occur in Erwin, South Dakota, we'll update with specific local data.
View nearby areas with more activity:
46.3 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M | ||
|---|---|---|---|---|---|---|
| No acreage data available for Erwin, South Dakota | ||||||
The median price for land in the South Dakota area 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.
the South Dakota area 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.
the South Dakota area 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.
Land in the South Dakota area averages $85.8M per acre. The median price per acre is $81K, which may be more representative of typical transactions. Most parcels sold are around 1.3 acres.
Land in the South Dakota area typically sells within 238 days of listing. The median time on market is 140 days. Properties are moving slowly in the current strong buyer's market.
The median land price in the South Dakota area stands at $120K. This translates to roughly $81K per acre for the typical parcel size. The average price is $226K, indicating some higher-priced properties pulling up the average.
Over the past 12 months, the South Dakota area saw 780 properties sold, totaling $176.1M in sales volume. In just the last 3 months, 186 properties changed hands.
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.
