Comprehensive market data and analysis• Updated Dec 2025
999.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | - | 1 |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | - | - | - |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 0 | 0 | 1 |
Acreage buckets
The median price for land in Summit, South Dakota is currently $21K per acre. For a typical parcel, the median sale price is $15K. Recently, the cheapest land sold for $15K while premium lots reached $15K.
There are currently 10 active listings in Summit, South Dakota. The median asking price is $18K.
The top-performing broker in this market is 203 Realty.
Land in Summit, South Dakota typically sells within 64 days of listing. The median time on market is 64 days. Properties are moving at a moderate pace in the current strong buyer's market.
The 12-month rate is 0.8%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
Over the past 12 months, Summit, South Dakota saw 1 properties sold, totaling $15K in sales volume.
The median land price in Summit, South Dakota stands at $15K. This translates to roughly $21K per acre for the typical parcel size.
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.
