Comprehensive market data and analysis• Updated Dec 2025
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | - | - |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | - | - | - |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | - | 1 |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 0 | 0 | 1 |
Acreage buckets
The median price for land in Lake City, South Dakota is currently $8K per acre. For a typical parcel, the median sale price is $118K. Recently, the cheapest land sold for $118K while premium lots reached $118K.
The median land price in Lake City, South Dakota stands at $118K. This translates to roughly $8K per acre for the typical parcel size.
The 12-month rate is 100.0%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
Over the past 12 months, Lake City, South Dakota saw 1 properties sold, totaling $118K in sales volume.
The top-performing broker in this market is SoDak Realty, LLC.
Land in Lake City, South Dakota typically sells within 54 days of listing. The median time on market is 54 days. Properties are moving quickly.
Land in Lake City, South Dakota averages $8K per acre. The median price per acre is $8K, which may be more representative of typical transactions. Most parcels sold are around 15.4 acres.
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.
