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MONTROSE, SD 57048

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

Market Analysis

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

The MONTROSE, SD real estate market (57048) currently shows 5 active listings, with 2 pending sales. Homes are averaging 33 days on the market before going under contract.

Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice.

Homes are selling faster, averaging 33 days on market compared to 58 days last year.

The median listing price has risen 18.8% year-over-year, from $370,000 to $439,500.

Whether you are buying or selling in MONTROSE, 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: 1,299  ·  Density: 3.9/mi²  ·  Median household income: $82,344

Typical home value: $284,176  ·  Homeownership: 80.0%

Market Overview

Active Listings
5
⇧ 25% vs 4 last year
Pending
2
40% pending ratio
Median Price
$439,500
⇧ 18.8% vs $370,000 last year
Average Price
$533,000
⇧ 44.1% vs $370,000 last year
Days on Market
33
⇩ 43.1% vs 58 days last year

Price Per Square Foot

Median $/sqft
$238
⇩ 47.8% vs $456/sqft last year
Median Home Size
2,328 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 5 this year vs 4 last year
  • Days on market: 33 now vs 58 last year

Median & Average Pricing

Year over Year
  • Median: $439,500 (+18.8% YoY)
  • Average: $533,000 (+44.1% 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 27.2 miles — 266 listings ($112,473,300 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
57048Montrose, SD 570480.0 mi5$2,094,585$349,750$418,917
57058Salem, SD 5705810.2 mi8$2,773,200$257,500$346,650
57018Colton, SD 5701811.8 mi3$914,799$279,950$304,933
57047Monroe, SD 5704715.4 mi0$0$525,000$525,000
57042Madison, SD 5704216.5 mi40$20,299,160$410,000$507,479
57321Canova, SD 5732119.6 mi1$99,900$99,900$99,900
57374Spencer, SD 5737420.2 mi4$1,085,868$259,900$271,467
57107Sioux Falls, SD 5710721.6 mi97$37,609,713$344,600$387,729
57043Marion, SD 5704322.9 mi3$1,038,900$399,900$346,300
57055Renner, SD 5705523.6 mi2$2,129,900$1,064,950$1,064,950
57022Dell Rapids, SD 5702224.5 mi9$3,959,577$384,950$439,953
57064Tea, SD 5706425.6 mi88$37,673,240$387,300$428,105
57349Howard, SD 5734927.2 mi6$2,794,458$327,400$465,743

Frequently Asked Questions

How many homes are for sale in MONTROSE, SD 57048?

As of March 2026, there are 5 active listings in MONTROSE, SD (zip code 57048), compared to 4 the prior year.

What is the median home price in MONTROSE, SD 57048?

The median listing price in MONTROSE, SD 57048 is $439,500 as of March 2026, a 18.8% increase from $370,000 the prior year.

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

Homes in MONTROSE, SD 57048 spend an average of 33 days on the market before going under contract, compared to 58 days the prior year.

Is it a seller's or buyer's market in MONTROSE, SD 57048?

Based on current inventory and days-on-market data as of March 2026, MONTROSE, SD 57048 is currently a Balanced Market. Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice. Homes are selling faster, averaging 33 days on market compared to 58 days last year.

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

With SELL123.com's maximum 3% commission, sellers in MONTROSE, SD 57048 save an estimated $8,790 compared to a typical 5% commission on the median listing price of $439,500. 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.