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DE SMET, SD 57231

Real Estate Market Report  ·  Kingsbury County
Buyer's Market
September 2026  ·  Source: Realtor.com

Market Analysis

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

The DE SMET, SD real estate market (57231) currently shows 14 active listings, with 1 pending sales. Homes are averaging 92 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 taking longer to sell, averaging 92 days on market compared to 46 days last year.

The median listing price has fallen 24.1% year-over-year, from $229,900 to $174,600.

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Market Context

Market Context

Population: 1,733  ·  Density: 2.7/mi²  ·  Median household income: $70,625

Typical home value: $177,340  ·  Homeownership: 80.3%

Market Overview

Active Listings
14
⇧ 7.7% vs 13 last year
Pending
1
7% pending ratio
Median Price
$174,600
⇩ 24.1% vs $229,900 last year
Average Price
$239,278
⇩ 29.1% vs $337,560 last year
Days on Market
92
⇧ 100% vs 46 days last year

Price Per Square Foot

Median $/sqft
$123
⇩ 1.6% vs $125/sqft last year
Median Home Size
1,581 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 14 this year vs 13 last year
  • Days on market: 92 now vs 46 last year

Median & Average Pricing

Year over Year
  • Median: $174,600 (-24.1% YoY)
  • Average: $239,278 (-29.1% 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 43.4 miles — 79 listings ($38,259,080 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
57231De Smet, SD 572310.0 mi7$2,288,636$324,900$326,948
57353Iroquois, SD 5735312.5 mi1$169,900$169,900$169,900
57221Bryant, SD 5722117.3 mi1$249,900$249,900$249,900
57214Badger, SD 5721420.3 mi0$0$169,900$169,900
57248Lake Norden, SD 5724823.9 mi7$2,528,036$319,875$361,148
57241Hayti, SD 5724128.6 mi3$958,350$319,450$319,450
57071Volga, SD 5707131.7 mi2$764,900$382,450$382,450
57042Madison, SD 5704234.8 mi40$20,299,160$410,000$507,479
57223Castlewood, SD 5722336.6 mi3$851,949$245,250$283,983
57243Henry, SD 5724337.9 mi1$184,900$184,900$184,900
57075Wentworth, SD 5707540.2 mi11$9,795,599$729,900$890,509
57385Woonsocket, SD 5738542.1 mi1$105,750$105,750$105,750
57359Letcher, SD 5735943.4 mi2$62,000$31,000$31,000

Frequently Asked Questions

How many homes are for sale in DE SMET, SD 57231?

As of September 2026, there are 14 active listings in DE SMET, SD (zip code 57231), compared to 13 the prior year.

What is the median home price in DE SMET, SD 57231?

The median listing price in DE SMET, SD 57231 is $174,600 as of September 2026, a 24.1% decrease from $229,900 the prior year.

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

Homes in DE SMET, SD 57231 spend an average of 92 days on the market before going under contract, compared to 46 days the prior year.

Is it a seller's or buyer's market in DE SMET, SD 57231?

Based on current inventory and days-on-market data as of September 2026, DE SMET, SD 57231 is currently a Buyer's Market. Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 92 days on market compared to 46 days last year.

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

With SELL123.com's maximum 3% commission, sellers in DE SMET, SD 57231 save an estimated $3,492 compared to a typical 5% commission on the median listing price of $174,600. 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.