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MARION, SD 57043

Real Estate Market Report
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The MARION, SD real estate market (57043) currently shows 5 active listings, with 1 pending sales. Homes are averaging 39 days on the market before going under contract.

Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice.

Homes are selling faster, averaging 39 days on market compared to 150 days last year.

The median listing price has risen 207.6% year-over-year, from $130,000 to $399,900.

Whether you are buying or selling in MARION, 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: 1,537  ·  Density: 5.2/mi²  ·  Median household income: $68,300

Typical home value: $183,919  ·  Homeownership: 79.8%

Market Overview

Active Listings
5
⇧ 150% vs 2 last year
Pending
1
20% pending ratio
Median Price
$399,900
⇧ 207.6% vs $130,000 last year
Average Price
$338,980
⇧ 160.8% vs $130,000 last year
Days on Market
39
⇩ 74% vs 150 days last year

Price Per Square Foot

Median $/sqft
$148
⇧ 138.7% vs $62/sqft last year
Median Home Size
2,627 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 5 this year vs 2 last year
  • Days on market: 39 now vs 150 last year

Median & Average Pricing

Year over Year
  • Median: $399,900 (+207.6% YoY)
  • Average: $338,980 (+160.8% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 29.6 miles — 489 listings ($191,562,404 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
57043Marion, SD 570430.0 mi3$1,038,900$399,900$346,300
57053Parker, SD 570538.6 mi8$2,428,040$305,825$303,505
57319Bridgewater, SD 5731912.0 mi3$487,350$162,450$162,450
57036Hurley, SD 5703613.2 mi1$139,750$139,750$139,750
57070Viborg, SD 5707017.8 mi5$1,836,250$374,500$367,250
57021Davis, SD 5702119.5 mi1$319,000$319,000$319,000
57064Tea, SD 5706421.9 mi88$37,673,240$387,300$428,105
57037Irene, SD 5703722.2 mi4$415,800$103,950$103,950
57039Lennox, SD 5703922.9 mi42$15,703,002$327,050$373,881
57106Sioux Falls, SD 5710624.3 mi247$88,899,746$317,438$359,918
57374Spencer, SD 5737427.5 mi4$1,085,868$259,900$271,467
57311Alexandria, SD 5731127.9 mi1$825,000$825,000$825,000
57105Sioux Falls, SD 5710529.6 mi82$40,710,458$324,900$496,469

Frequently Asked Questions

How many homes are for sale in MARION, SD 57043?

As of March 2026, there are 5 active listings in MARION, SD (zip code 57043), compared to 2 the prior year.

What is the median home price in MARION, SD 57043?

The median listing price in MARION, SD 57043 is $399,900 as of March 2026, a 207.6% increase from $130,000 the prior year.

How long do homes stay on the market in MARION, SD?

Homes in MARION, SD 57043 spend an average of 39 days on the market before going under contract, compared to 150 days the prior year.

Is it a seller's or buyer's market in MARION, SD 57043?

Based on current inventory and days-on-market data as of March 2026, MARION, SD 57043 is currently a Balanced Market. Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice. Homes are selling faster, averaging 39 days on market compared to 150 days last year.

How much can I save on real estate commission in MARION, SD?

With SELL123.com's maximum 3% commission, sellers in MARION, SD 57043 save an estimated $7,998 compared to a typical 5% commission on the median listing price of $399,900. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.