Comprehensive market data and analysis• Updated Dec 2025
52.4 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 1 | 10 | 22 | 37 |
| 1-2 acres | - | 2 | 5 | 6 |
| 2-5 acres | - | - | 6 | 11 |
| 5-10 acres | 1 | 1 | 3 | 6 |
| 10-20 acres | - | - | 1 | 5 |
| 20-50 acres | - | - | 1 | 2 |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 2 | 13 | 38 | 67 |
Acreage buckets
The median price for land in Pennington County, South Dakota is currently $170K per acre. For a typical parcel, the median sale price is $175K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $58K while premium lots reached $461K.
Pennington County, South Dakota is currently a strong buyer's market with 52.4 months of supply. Buyers have more negotiating power and can take time to find the right property. Prices have decreased 0.3% year-over-year.
Pennington County, South Dakota currently has 52.4 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
Over the past 12 months, Pennington County, South Dakota saw 71 properties sold, totaling $17.5M in sales volume. In just the last 3 months, 15 properties changed hands.
The current absorption rate in Pennington County, South Dakota is 1.9% (3-month basis), indicating slow demand. With depreciating values (-0.3% YoY), buyers may find value opportunities.
Land in Pennington County, South Dakota averages $424K per acre. The median price per acre is $170K, which may be more representative of typical transactions. Most parcels sold are around 33,977 sq ft.
Land in Pennington County, South Dakota typically sells within 191 days of listing. The median time on market is 137 days. Properties are moving slowly in the current strong buyer's market.
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.
