Comprehensive market data and analysis• Updated Dec 2025
202.5 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 1 | 1 | 2 | 9 |
| 1-2 acres | - | - | - | 3 |
| 2-5 acres | - | - | - | 1 |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 1 | 1 | 2 | 13 |
Acreage buckets
The median price for land in Lake County, South Dakota is currently $142K per acre. For a typical parcel, the median sale price is $89K. Market volatility is currently moderate, meaning prices can vary moderately based on location and access. Recently, the cheapest land sold for $62K while premium lots reached $103K.
Lake County, South Dakota is currently a strong buyer's market with 202.5 months of supply. Buyers have more negotiating power and can take time to find the right property. Prices have increased 23.3% year-over-year.
Lake County, South Dakota currently has 202.5 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
The median land price in Lake County, South Dakota stands at $89K. This translates to roughly $142K per acre for the typical parcel size. The average price is $87K, showing a fairly consistent market.
Land in Lake County, South Dakota averages $172K per acre. The median price per acre is $142K, which may be more representative of typical transactions. Most parcels sold are around 25,382 sq ft.
Over the past 12 months, Lake County, South Dakota saw 14 properties sold, totaling $1.2M in sales volume. In just the last 3 months, 2 properties changed hands.
The 3-month absorption rate in Lake County, South Dakota is 0.5%. The 12-month rate is 0.9%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
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.