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City / Town Overview

Spearfish, SD

Aggregate real estate market report across all ZIPs in scope
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

Data as of March 2026. Source: Realtor.com.

The Spearfish, SD real estate market currently shows 97 active listings, with 28 pending sales. Homes are averaging 79 days on the market before going under contract.

Inventory has increased compared to last year, with 19 more homes available — giving buyers more choice.

Homes are selling faster, averaging 79 days on market compared to 124 days last year.

The median listing price has risen 5.2% year-over-year, from $662,200 to $696,950.

Whether you are buying or selling in Spearfish, SD, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 17,098  ·  Density: 67.2/mi²  ·  Median household income: $62,369

Typical home value: $268,937  ·  Homeownership: 59%

Included Areas

Ward 3: 57783

Spearfish: 57799

Area Map

Market Overview

Active Listings
97
⇧ 24.4% vs 78 last year
Pending
28
29% pending ratio
Median Price
$696,950
⇧ 5.2% vs $662,200 last year
Average Price
$803,645
⇩ 5.4% vs $849,875 last year
Days on Market
79
⇩ 36.3% vs 124 days last year

Price Per Square Foot

Median $/sqft
$251
⇩ 11.3% vs $283/sqft last year
Median Home Size
2,857 sqft
Typical listing size
12-Month $/sqft Trend

12-Month Trends

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %