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LAKE PRESTON, SD 57249

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

Market Analysis

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

The LAKE PRESTON, SD real estate market (57249) currently shows 3 active listings, with 1 pending sales. Homes are averaging 161 days on the market before going under contract.

Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 161 days on market compared to 86 days last year.

The median listing price has risen 119% year-over-year, from $379,000 to $830,000.

Whether you are buying or selling in LAKE PRESTON, 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: 950  ·  Density: 2.5/mi²  ·  Median household income: $69,500

Typical home value: $182,105  ·  Homeownership: 78.9%

Market Overview

Active Listings
3
⇩ 40% vs 5 last year
Pending
1
33% pending ratio
Median Price
$830,000
⇧ 119% vs $379,000 last year
Average Price
$830,000
⇧ 33.4% vs $622,411 last year
Days on Market
161
⇧ 87.2% vs 86 days last year

Price Per Square Foot

Median $/sqft
$233
⇧ 45.6% vs $160/sqft last year
Median Home Size
3,644 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 3 this year vs 5 last year
  • Days on market: 161 now vs 86 last year

Median & Average Pricing

Year over Year
  • Median: $830,000 (+119% YoY)
  • Average: $830,000 (+33.4% 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 41.3 miles — 111 listings ($49,986,714 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
57249Lake Preston, SD 572490.0 mi5$3,321,815$636,225$664,363
57212Arlington, SD 5721210.9 mi4$2,353,200$575,000$588,300
57248Lake Norden, SD 5724816.8 mi7$2,528,036$319,875$361,148
57071Volga, SD 5707121.2 mi2$764,900$382,450$382,450
57353Iroquois, SD 5735323.2 mi1$169,900$169,900$169,900
57278Willow Lake, SD 5727824.6 mi1$239,000$239,000$239,000
57234Estelline, SD 5723427.7 mi4$1,834,600$456,150$458,650
57042Madison, SD 5704229.2 mi40$20,299,160$410,000$507,479
57075Wentworth, SD 5707532.6 mi11$9,795,599$729,900$890,509
57321Canova, SD 5732135.6 mi1$99,900$99,900$99,900
57243Henry, SD 5724337.5 mi1$184,900$184,900$184,900
57225Clark, SD 5722539.6 mi2$287,000$143,500$143,500
57350Huron, SD 5735041.3 mi32$8,108,704$228,500$253,397

Frequently Asked Questions

How many homes are for sale in LAKE PRESTON, SD 57249?

As of March 2026, there are 3 active listings in LAKE PRESTON, SD (zip code 57249), compared to 5 the prior year.

What is the median home price in LAKE PRESTON, SD 57249?

The median listing price in LAKE PRESTON, SD 57249 is $830,000 as of March 2026, a 119% increase from $379,000 the prior year.

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

Homes in LAKE PRESTON, SD 57249 spend an average of 161 days on the market before going under contract, compared to 86 days the prior year.

Is it a seller's or buyer's market in LAKE PRESTON, SD 57249?

Based on current inventory and days-on-market data as of March 2026, LAKE PRESTON, SD 57249 is currently a Balanced Market. Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 161 days on market compared to 86 days last year.

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

With SELL123.com's maximum 3% commission, sellers in LAKE PRESTON, SD 57249 save an estimated $16,600 compared to a typical 5% commission on the median listing price of $830,000. 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.