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LAKE CITY, SD 57247

Real Estate Market Report  ·  Marshall County
Seller's Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The LAKE CITY, SD real estate market (57247) currently shows 4 active listings. Homes are averaging 113 days on the market before going under contract.

Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 113 days on market compared to 228 days last year.

The median listing price has risen 131.2% year-over-year, from $312,500 to $722,500.

Whether you are buying or selling in LAKE CITY, 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: 175  ·  Density: 0.9/mi²  ·  Median household income: $72,875

Typical home value: $220,745  ·  Homeownership: 73.0%

Market Overview

Active Listings
4
⇩ 20% vs 5 last year
Pending
0
0% pending ratio
Median Price
$722,500
⇧ 131.2% vs $312,500 last year
Average Price
$758,125
⇧ 69.9% vs $446,225 last year
Days on Market
113
⇩ 50.4% vs 228 days last year

Price Per Square Foot

Median $/sqft
$349
⇧ 24.6% vs $280/sqft last year
Median Home Size
2,150 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 4 this year vs 5 last year
  • Days on market: 113 now vs 228 last year

Median & Average Pricing

Year over Year
  • Median: $722,500 (+131.2% YoY)
  • Average: $758,125 (+69.9% 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 48.3 miles — 42 listings ($21,139,646 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
57247Lake City, SD 572470.0 mi4$3,131,668$736,250$782,917
57239Grenville, SD 5723915.9 mi3$5,838,900$599,000$1,946,300
57262Sisseton, SD 5726219.2 mi8$2,376,000$250,000$297,000
58032Forman, ND 5803226.0 mi2$594,900$297,450$297,450
57273Waubay, SD 5727327.9 mi4$1,709,916$465,950$427,479
56219Browns Valley, MN 5621932.0 mi2$901,950$450,975$450,975
58041Hankinson, ND 5804134.8 mi8$2,943,312$415,000$367,914
57445Groton, SD 5744536.8 mi2$628,200$279,900$314,100
58060Milnor, ND 5806038.1 mi3$1,677,000$559,000$559,000
57433Columbia, SD 5743342.0 mi1$88,000$88,000$88,000
58081Wyndmere, ND 5808143.9 mi3$990,000$330,000$330,000
57263South Shore, SD 5726345.5 mi1$169,900$169,900$169,900
57434Conde, SD 5743448.3 mi1$89,900$89,900$89,900

Frequently Asked Questions

How many homes are for sale in LAKE CITY, SD 57247?

As of March 2026, there are 4 active listings in LAKE CITY, SD (zip code 57247), compared to 5 the prior year.

What is the median home price in LAKE CITY, SD 57247?

The median listing price in LAKE CITY, SD 57247 is $722,500 as of March 2026, a 131.2% increase from $312,500 the prior year.

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

Homes in LAKE CITY, SD 57247 spend an average of 113 days on the market before going under contract, compared to 228 days the prior year.

Is it a seller's or buyer's market in LAKE CITY, SD 57247?

Based on current inventory and days-on-market data as of March 2026, LAKE CITY, SD 57247 is currently a Seller's Market. Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 113 days on market compared to 228 days last year.

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

With SELL123.com's maximum 3% commission, sellers in LAKE CITY, SD 57247 save an estimated $14,450 compared to a typical 5% commission on the median listing price of $722,500. 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.