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LAKE ANDES, SD 57356

Real Estate Market Report  ·  Charles Mix County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
2
⇩ 60% vs 5 last year
Pending
0
0% pending ratio
Median Price
$317,450
⇩ 31.3% vs $462,000 last year
Average Price
$317,450
⇩ 76.7% vs $1,363,125 last year
Days on Market
124
⇧ 188.4% vs 43 days last year

Market Context

Population: 2,195  ·  Density: 5.0/mi²  ·  Median household income: $50,476

Typical home value: $113,452  ·  Homeownership: 67.3%

Market Analysis

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

The LAKE ANDES, SD real estate market (57356) currently shows 2 active listings. Homes are averaging 124 days on the market before going under contract.

Inventory has tightened compared to last year, with 3 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 124 days on market compared to 43 days last year.

The median listing price has fallen 31.3% year-over-year, from $462,000 to $317,450.

Whether you are buying or selling in LAKE ANDES, 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: 2 this year vs 5 last year
  • Days on market: 124 now vs 43 last year

Median & Average Pricing

Year over Year
  • Median: $317,450 (-31.3% YoY)
  • Average: $317,450 (-76.7% 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 45.7 miles — 90 listings ($33,000,686 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
57356Lake Andes, SD 573560.0 mi2$634,900$317,450$317,450
57342Geddes, SD 5734211.4 mi1$358,500$358,500$358,500
57380Wagner, SD 5738013.9 mi5$1,529,690$192,375$305,938
68777Spencer, NE 6877721.5 mi2$271,000$150,000$135,500
68746Lynch, NE 6874623.8 mi2$669,000$334,500$334,500
57369Platte, SD 5736928.8 mi4$1,110,668$325,000$277,667
57366Parkston, SD 5736633.3 mi3$501,900$172,000$167,300
57062Springfield, SD 5706235.2 mi8$2,388,800$289,000$298,600
57523Burke, SD 5752336.9 mi1$160,000$160,000$160,000
57059Scotland, SD 5705938.1 mi2$220,000$90,000$110,000
68783Verdigre, NE 6878340.7 mi3$472,500$157,500$157,500
57052Olivet, SD 5705242.1 mi1$176,000$176,000$176,000
57301Mitchell, SD 5730145.7 mi56$24,507,728$315,000$437,638

Frequently Asked Questions

How many homes are for sale in LAKE ANDES, SD 57356?

As of January 2026, there are 2 active listings in LAKE ANDES, SD (zip code 57356), compared to 5 the prior year.

What is the median home price in LAKE ANDES, SD 57356?

The median listing price in LAKE ANDES, SD 57356 is $317,450 as of January 2026, a 31.3% decrease from $462,000 the prior year.

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

Homes in LAKE ANDES, SD 57356 spend an average of 124 days on the market before going under contract, compared to 43 days the prior year.

Is it a seller's or buyer's market in LAKE ANDES, SD 57356?

Based on current inventory and days-on-market data as of January 2026, LAKE ANDES, SD 57356 is currently a Balanced Market. Inventory has tightened compared to last year, with 3 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 124 days on market compared to 43 days last year.

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

With SELL123.com's maximum 3% commission, sellers in LAKE ANDES, SD 57356 save an estimated $6,349 compared to a typical 5% commission on the median listing price of $317,450. 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.