Comprehensive market data and analysis• Updated Dec 2025
141.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | 1 | 2 | 6 |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | - | 1 | 2 |
| 5-10 acres | - | - | 1 | 1 |
| 10-20 acres | - | - | 1 | 1 |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 1 | 5 | 10 |
Acreage buckets
The median price for land in Pierre, South Dakota is currently $66K per acre. For a typical parcel, the median sale price is $50K. Market volatility is currently moderate, meaning prices can vary moderately based on location and access. Recently, the cheapest land sold for $35K while premium lots reached $98K.
Pierre, South Dakota is currently a strong buyer's market with 141.0 months of supply. Buyers have more negotiating power and can take time to find the right property.
Pierre, South Dakota currently has 141.0 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
The 3-month absorption rate in Pierre, South Dakota is 0.7%. The 12-month rate is 1.9%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
Over the past 12 months, Pierre, South Dakota saw 11 properties sold, totaling $693K in sales volume. In just the last 3 months, 1 properties changed hands.
Land in Pierre, South Dakota averages $91K per acre. The median price per acre is $66K, which may be more representative of typical transactions. Most parcels sold are around 32,234 sq ft.
There are currently 47 active listings in Pierre, South Dakota. 5 new listings have hit the market in the last 90 days. The median asking price is $55K.
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.
