The South Dakota market right now
Sales figures: Redfin Data Center, market tracker (Redfin, a national real estate brokerage), South Dakota, May 2026, all residential property types. Typical value: Zillow Home Value Index (ZHVI), Zillow Research, August 2026, mid-tier homes, seasonally adjusted. These are area-wide figures, not a value for any one home.
With about 3.1 months of supply, this is a fairly balanced market by the usual rule of thumb, and homes sold for about 2.0% below their list price on average.
Show the numbers
| Month | Median sale price |
|---|---|
| May 2026 | $346,600 |
| Apr 2026 | $341,700 |
| Mar 2026 | $318,600 |
| Feb 2026 | $326,700 |
| Jan 2026 | $319,400 |
| Dec 2025 | $317,400 |
| Nov 2025 | $329,700 |
| Oct 2025 | $321,500 |
| Sep 2025 | $325,700 |
| Aug 2025 | $344,600 |
| Jul 2025 | $331,400 |
| Jun 2025 | $336,400 |
| May 2025 | $333,300 |
| Apr 2025 | $317,300 |
| Mar 2025 | $326,500 |
| Feb 2025 | $322,300 |
| Jan 2025 | $315,400 |
| Dec 2024 | $304,500 |
| Nov 2024 | $321,400 |
| Oct 2024 | $327,900 |
| Sep 2024 | $320,900 |
| Aug 2024 | $321,500 |
| Jul 2024 | $329,500 |
| Jun 2024 | $329,500 |
| May 2024 | $325,600 |
Source: Redfin Data Center, South Dakota. Monthly figures, not seasonally adjusted, so some ups and downs are just the time of year.
South Dakota rules that affect sellers
Transfer tax
South Dakota imposes a real estate transfer fee of 50 cents for each $500 of value (0.1%), and state law says the fee is paid by the grantor (the seller).
Seller disclosure
Yes. South Dakota law requires sellers of residential property with up to four dwelling units to give the buyer a completed Seller's Property Condition Disclosure Statement, in the form set out in SDCL 43-4-44, before the buyer makes a written offer. If the seller learns of a change in a material fact before closing or possession, the seller must provide a written amendment.
Who handles the closing
South Dakota closings are customarily handled by title or escrow companies, and an attorney is not customarily required. This is based on a title insurer's industry summary, not an official state page; confirm with your title company or attorney.
Source: Stewart Title, State Laws and Customs Toolkit (secondary source)
Also worth knowing
If the disclosure statement or a material amendment reaches the buyer after the buyer has made a written offer, the buyer may terminate the offer by written notice within 3 days of in-person delivery, or within 6 days if it was mailed.
Also worth knowing
A sale is not invalidated just because the disclosure rules were not followed, but a person who intentionally or negligently violates them is liable to the buyer for actual damages and repairs, and a court may award attorney fees.
Checking an agent's license
Real estate agents in South Dakota are licensed by the South Dakota Real Estate Commission. You can look up any agent before you work with them.
Rules checked 2026-09-30. They change, and local practice varies: confirm with your title company, closing attorney or agent before relying on them. This is general information, not legal or tax advice.
Market figures: Redfin Data Center and Zillow Research, updated monthly. All states.