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LAKE NORDEN, SD 57248

Real Estate Market Report  ·  Hamlin County
Balanced Market
September 2026  ·  Source: Realtor.com

Market Analysis

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

The LAKE NORDEN, SD real estate market (57248) currently shows 6 active listings, with 3 pending sales. Homes are averaging 78 days on the market before going under contract.

Inventory has tightened compared to last year, with 6 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 78 days on market compared to 62 days last year.

The median listing price has risen 21.8% year-over-year, from $317,175 to $386,175.

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Market Context

Market Context

Population: 1,083  ·  Density: 6.2/mi²  ·  Median household income: $79,063

Typical home value: $218,932  ·  Homeownership: 72.8%

Market Overview

Active Listings
6
⇩ 50% vs 12 last year
Pending
3
50% pending ratio
Median Price
$386,175
⇧ 21.8% vs $317,175 last year
Average Price
$393,968
⇧ 10.6% vs $356,320 last year
Days on Market
78
⇧ 25.8% vs 62 days last year

Price Per Square Foot

Median $/sqft
$174
⇧ 2.4% vs $170/sqft last year
Median Home Size
2,027 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 6 this year vs 12 last year
  • Days on market: 78 now vs 62 last year

Median & Average Pricing

Year over Year
  • Median: $386,175 (+21.8% YoY)
  • Average: $393,968 (+10.6% 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 39.0 miles — 111 listings ($41,542,471 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
57248Lake Norden, SD 572480.0 mi7$2,528,036$319,875$361,148
57241Hayti, SD 572418.2 mi3$958,350$319,450$319,450
57223Castlewood, SD 5722312.8 mi3$851,949$245,250$283,983
57234Estelline, SD 5723414.5 mi4$1,834,600$456,150$458,650
57231De Smet, SD 5723123.9 mi7$2,288,636$324,900$326,948
57278Willow Lake, SD 5727824.5 mi1$239,000$239,000$239,000
57243Henry, SD 5724325.4 mi1$184,900$184,900$184,900
57006Brookings, SD 5700626.9 mi75$29,339,100$354,900$391,188
57218Brandt, SD 5721829.8 mi1$480,000$480,000$480,000
57002Aurora, SD 5700232.6 mi6$1,650,000$275,000$275,000
57265Strandburg, SD 5726534.2 mi0$0$325,000$325,000
57237Gary, SD 5723736.1 mi2$988,900$494,450$494,450
57323Carthage, SD 5732339.0 mi1$199,000$199,000$199,000

Frequently Asked Questions

How many homes are for sale in LAKE NORDEN, SD 57248?

As of September 2026, there are 6 active listings in LAKE NORDEN, SD (zip code 57248), compared to 12 the prior year.

What is the median home price in LAKE NORDEN, SD 57248?

The median listing price in LAKE NORDEN, SD 57248 is $386,175 as of September 2026, a 21.8% increase from $317,175 the prior year.

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

Homes in LAKE NORDEN, SD 57248 spend an average of 78 days on the market before going under contract, compared to 62 days the prior year.

Is it a seller's or buyer's market in LAKE NORDEN, SD 57248?

Based on current inventory and days-on-market data as of September 2026, LAKE NORDEN, SD 57248 is currently a Balanced Market. Inventory has tightened compared to last year, with 6 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 78 days on market compared to 62 days last year.

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

With SELL123.com's maximum 3% commission, sellers in LAKE NORDEN, SD 57248 save an estimated $7,724 compared to a typical 5% commission on the median listing price of $386,175. 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.