Top Medium Teams in South Dakota – Ranked by Sides

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Rank – State SidesTeam NameCompanyLocationSidesProfile
1Dave Mettler TeamKeller WilliamsSioux Falls, SD 165.7View Profile
2Faith Lewis RealtyKeller WilliamsRapid City, SD 138.0View Profile
3Greg Doohen Realty GroupKeller WilliamsSioux Falls, SD 107.2View Profile
4Merchant Home GroupKeller WilliamsSioux Falls, SD 71.5View 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.

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South Dakota News

The Real Brokerage enters South Dakota with top-performing team 

May 25, 2023By

It’s clear that The Real Brokerage is in growth mode. The firm announced its entrance into South Dakota on Thursday, less than two weeks after announcing the addition of two mega teams. With this launch, Real now has operations in 47 states and four Canadian provinces. The South Dakota operation will be led by Josh […]