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CASTLEWOOD, SD 57223

Real Estate Market Report  ·  Hamlin County
Buyer's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
4
⇧ 100% vs 2 last year
Pending
1
25% pending ratio
Median Price
$184,900
⇩ 39.4% vs $304,900 last year
Average Price
$261,567
⇩ 14.2% vs $304,900 last year
Days on Market
114
⇧ 936.4% vs 11 days last year

Market Context

Population: 1,317  ·  Density: 4.1/mi²  ·  Median household income: $83,295

Typical home value: $203,955  ·  Homeownership: 86.2%

Market Analysis

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

The CASTLEWOOD, SD real estate market (57223) currently shows 4 active listings, with 1 pending sales. Homes are averaging 114 days on the market before going under contract.

Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 114 days on market compared to 11 days last year.

The median listing price has fallen 39.4% year-over-year, from $304,900 to $184,900.

Whether you are buying or selling in CASTLEWOOD, 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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 4 this year vs 2 last year
  • Days on market: 114 now vs 11 last year

Median & Average Pricing

Year over Year
  • Median: $184,900 (-39.4% YoY)
  • Average: $261,567 (-14.2% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 39.2 miles — 192 listings ($69,407,649 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
57223Castlewood, SD 572230.0 mi4$1,046,268$184,900$261,567
57241Hayti, SD 5724110.4 mi3$893,799$254,900$297,933
57238Goodwin, SD 5723813.3 mi1$434,900$434,900$434,900
57201Watertown, SD 5720116.1 mi92$32,600,108$329,900$354,349
57214Badger, SD 5721418.6 mi1$169,900$169,900$169,900
57221Bryant, SD 5722122.9 mi3$749,700$249,900$249,900
57237Gary, SD 5723724.5 mi2$1,014,900$507,450$507,450
57006Brookings, SD 5700629.2 mi72$28,104,624$354,900$390,342
57263South Shore, SD 5726329.8 mi1$179,900$179,900$179,900
56136Hendricks, MN 5613632.4 mi1$89,000$89,000$89,000
57278Willow Lake, SD 5727833.6 mi1$239,000$239,000$239,000
57231De Smet, SD 5723136.7 mi7$2,685,550$324,900$383,650
57252Milbank, SD 5725239.2 mi4$1,200,000$265,000$300,000

Frequently Asked Questions

How many homes are for sale in CASTLEWOOD, SD 57223?

As of January 2026, there are 4 active listings in CASTLEWOOD, SD (zip code 57223), compared to 2 the prior year.

What is the median home price in CASTLEWOOD, SD 57223?

The median listing price in CASTLEWOOD, SD 57223 is $184,900 as of January 2026, a 39.4% decrease from $304,900 the prior year.

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

Homes in CASTLEWOOD, SD 57223 spend an average of 114 days on the market before going under contract, compared to 11 days the prior year.

Is it a seller's or buyer's market in CASTLEWOOD, SD 57223?

Based on current inventory and days-on-market data as of January 2026, CASTLEWOOD, SD 57223 is currently a Buyer's Market. Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 114 days on market compared to 11 days last year.

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

With SELL123.com's maximum 3% commission, sellers in CASTLEWOOD, SD 57223 save an estimated $3,698 compared to a typical 5% commission on the median listing price of $184,900. 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.