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Springfield, South Dakota Land Market Statistics

Comprehensive market data and analysis• Updated Dec 2025

Active Listings
1
Sold (12M)
1
Median Price
$57K
Market Condition
Strong Buyer's Market

Springfield, South Dakota Market Meter

Buyer'sSeller's
Strong Buyer's Market

999.0 months of supply

High inventory favors buyers with more choices and negotiating power.

Market Overview

Median Price
$57K
Avg Price/Acre
$14K
Avg Days on Market
-
Months of Supply
999.0
YoY Price Change
-
New Listings (3M)
0

Land Market Data by Acreage

Data Type:
View:
Acreage30D3M6M12M
0-1 acres----
1-2 acres----
2-5 acres---1
5-10 acres----
10-20 acres----
20-50 acres----
50-100 acres----
100+ acres----
TOTAL0001
📊 Sold Counts: The total number of land parcels that sold during each time period.How to read: If "5-10 acres" shows 25 under "30D", that means 25 parcels between 5-10 acres sold in the last 30 days. The "3M" column shows sales from the last 3 months, "12M" shows the full year, etc.Higher numbers = active market with lots of buyers. Lower numbers = slower market with fewer sales.

Market Trends & Analysis

Inventory by Acreage (12 Months)

Sold
For Sale
0-1 acres0 sold / 1 listed
2-5 acres1 sold / 0 listed

Median Price by Acreage

$0$29K$57K
2- 5

Acreage buckets

Key Market Indicators

Total Sales Volume
$57K
Last 12 months
Active Listings
1
Current inventory
Avg Days on Market
-
Time to sell
Price Trend (YoY)
-
Year over year

Springfield, South Dakota Land Market Analysis

How much is land worth in Springfield, South Dakota?

The median price for land in Springfield, South Dakota is currently $14K per acre. For a typical parcel, the median sale price is $57K. Recently, the cheapest land sold for $57K while premium lots reached $57K.

What is the absorption rate for land in Springfield, South Dakota?

The 12-month rate is 8.3%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.

What is the total land for sale in Springfield, South Dakota?

There are currently 1 active listings in Springfield, South Dakota. The median asking price is $40K.

What is the median land price in Springfield, South Dakota?

The median land price in Springfield, South Dakota stands at $57K. This translates to roughly $14K per acre for the typical parcel size.

What is the average price per acre in Springfield, South Dakota?

Land in Springfield, South Dakota averages $14K per acre. The median price per acre is $14K, which may be more representative of typical transactions. Most parcels sold are around 4.0 acres.

What is the total amount sold in Springfield, South Dakota last year?

Over the past 12 months, Springfield, South Dakota saw 1 properties sold, totaling $57K in sales volume.

Data Sources & Accuracy

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.

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