Comprehensive market data and analysis• Updated Dec 2025
60.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | 4 | 7 | 18 |
| 1-2 acres | - | 1 | 2 | 3 |
| 2-5 acres | - | - | 2 | 6 |
| 5-10 acres | - | - | 4 | 6 |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | 1 | 3 |
| 50-100 acres | - | - | - | 1 |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 5 | 16 | 37 |
Acreage buckets
The median price for land in Spearfish, South Dakota is currently $188K 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 $87K while premium lots reached $598K.
Spearfish, South Dakota is currently a strong buyer's market with 60.0 months of supply. Buyers have more negotiating power and can take time to find the right property.
Spearfish, South Dakota currently has 60.0 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, Spearfish, South Dakota saw 37 properties sold, totaling $10.3M in sales volume. In just the last 3 months, 5 properties changed hands.
The median land price in Spearfish, South Dakota stands at $175K. This translates to roughly $188K per acre for the typical parcel size. The average price is $277K, indicating some higher-priced properties pulling up the average.
The 3-month absorption rate in Spearfish, South Dakota is 1.7%. 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.
Land in Spearfish, South Dakota typically sells within 375 days of listing. The median time on market is 190 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.
