Comprehensive market data and analysis• Updated Dec 2025
12.0 months of supply
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 | - | - | - | - |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | 2 | 2 | 3 |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 2 | 2 | 3 |
Acreage buckets
The median price for land in Lake Norden, South Dakota is currently $9K per acre. For a typical parcel, the median sale price is $750K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $651K while premium lots reached $1.0M.
Lake Norden, South Dakota is currently a strong buyer's market with 12.0 months of supply. Buyers have more negotiating power and can take time to find the right property.
Lake Norden, South Dakota currently has 12.0 months of inventory supply. This indicates a strong buyer's market. This balanced supply gives both buyers and sellers fair opportunities.
Land in Lake Norden, South Dakota typically sells within 72 days of listing. The median time on market is 72 days. Properties are moving at a moderate pace in the current strong buyer's market.
There are currently 8 active listings in Lake Norden, South Dakota. 1 new listings have hit the market in the last 90 days. The median asking price is $75K.
The 3-month absorption rate in Lake Norden, South Dakota is 8.3%. The 12-month rate is 3.1%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
The current absorption rate in Lake Norden, South Dakota is 8.3% (3-month basis), indicating moderate demand. The top-performing broker in this market is HAUGAN NELSON REALTY, INC.
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.
