Top Agents in South Dakota – Individuals By Volume

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    • Rank – State VolumeFull NameCompanyLocationVolumeProfile
    1Brady HydeKeller WilliamsSioux Falls, SD$42,251,643View Profile
    2Kathy O. AllenRE/MAX Professionals IncSioux Falls, SD$25,173,700View Profile
    3Ashley GoodrichRE/MAX In the HillsSpearfish, SD$21,738,150View Profile
    4David SheltonCENTURY 21 AdvantageSioux Falls, SD$20,490,493View Profile
    5Codi NincehelserKeller WilliamsSioux Falls, SD$18,671,814View Profile
    6Ed DreyerRE/MAX AdvantageRapid City, SD$16,863,050View Profile
    7Brad HanischBetter Homes and Gardens Real Estate BeyondSioux Falls, SD$16,073,980View Profile

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    2023 South Dakota Housing Market Summary

    South Dakota started 2023 with a total of 1,517 single-family homes on the market, with a median home price of $400,000 and an average price per square foot of $219. By the end of the year, inventory had decreased to 1,494 homes on the market (-1%), with a median home price of $395,000 (-1%) and an average price per square foot of $227 (+3%).

    At the start of 2023, the median days on market (DOM) was 91 days – by the end of the year, median DOM had remained the same at 91 days.

    South Dakota started the year with 21% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 25% of South Dakota homes for sale had taken a price cut.

    Finally, Altos’ proprietary Market Action Index (MAI) shows that South Dakota started 2023 as a seller’s market, with an MAI score of 36; by the end of the year, the MAI had held steady at 36 – a slight seller’s advantage.

    This market summary is powered by Altos Research – click here to run a free report for your area.

    Housing Market News

    AdobeStock_250556333

    Lower mortgage rates attracting more homebuyers 

    Sep 16, 2024By

    An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. That’s ok — very few people are looking at the data without an agenda. However, the point of this tracker is to show you evidence that lower rates have already changed housing data. So, let’s […]

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