Comprehensive market data and analysis• Updated Dec 2025
37.3 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 2 | 9 | 16 | 46 |
| 1-2 acres | - | 1 | 4 | 6 |
| 2-5 acres | 1 | 1 | 1 | 3 |
| 5-10 acres | - | - | 2 | 2 |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | 3 | 5 | 5 |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 3 | 14 | 28 | 62 |
Acreage buckets
The median price for land in Minnehaha County, South Dakota is currently $279K per acre. For a typical parcel, the median sale price is $101K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $70K while premium lots reached $432K.
Minnehaha County, South Dakota is currently a strong buyer's market with 37.3 months of supply. Buyers have more negotiating power and can take time to find the right property. Prices have decreased 73.5% year-over-year.
Minnehaha County, South Dakota currently has 37.3 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
The median land price in Minnehaha County, South Dakota stands at $101K. This translates to roughly $279K per acre for the typical parcel size. The average price is $286K, indicating some higher-priced properties pulling up the average.
The 3-month absorption rate in Minnehaha County, South Dakota is 2.7%. The 12-month rate is 2.3%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
Land in Minnehaha County, South Dakota typically sells within 322 days of listing. The median time on market is 186 days. Properties are moving slowly in the current strong buyer's market.
The current absorption rate in Minnehaha County, South Dakota is 2.7% (3-month basis), indicating slow demand. With depreciating values (-73.5% YoY), buyers may find value opportunities.
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.
