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LETCHER, SD 57359

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

Market Overview

Active Listings
2
⇧ 100% vs 1 last year
Pending
0
0% pending ratio
Median Price
$31,000
⇩ 90.5% vs $325,000 last year
Average Price
$31,000
⇩ 90.5% vs $325,000 last year
Days on Market
168
⇩ 5.1% vs 177 days last year

Market Context

Population: 612  ·  Density: 1.5/mi²  ·  Median household income: $90,000

Typical home value: $142,848  ·  Homeownership: 82.8%

Market Analysis

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

The LETCHER, SD real estate market (57359) currently shows 2 active listings. Homes are averaging 168 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 selling faster, averaging 168 days on market compared to 177 days last year.

The median listing price has fallen 90.5% year-over-year, from $325,000 to $31,000.

Whether you are buying or selling in LETCHER, 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 1 last year
  • Days on market: 168 now vs 177 last year

Median & Average Pricing

Year over Year
  • Median: $31,000 (-90.5% YoY)
  • Average: $31,000 (-90.5% 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 48.6 miles — 96 listings ($38,795,373 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
57359Letcher, SD 573590.0 mi2$62,000$31,000$31,000
57301Mitchell, SD 5730114.3 mi56$24,507,728$315,000$437,638
57368Plankinton, SD 5736819.0 mi4$1,431,868$349,900$357,967
57334Ethan, SD 5733426.1 mi1$1,300,000$1,300,000$1,300,000
57323Carthage, SD 5732328.1 mi1$199,000$199,000$199,000
57349Howard, SD 5734930.1 mi6$3,116,730$329,900$519,455
57328Corsica, SD 5732835.3 mi3$1,674,801$359,900$558,267
57366Parkston, SD 5736637.2 mi3$501,900$172,000$167,300
57384Wolsey, SD 5738439.4 mi2$499,800$249,900$249,900
57319Bridgewater, SD 5731942.0 mi6$759,996$145,000$126,666
57231De Smet, SD 5723143.3 mi7$2,685,550$324,900$383,650
57052Olivet, SD 5705247.6 mi1$176,000$176,000$176,000
57012Canistota, SD 5701248.6 mi4$1,880,000$470,000$470,000

Frequently Asked Questions

How many homes are for sale in LETCHER, SD 57359?

As of January 2026, there are 2 active listings in LETCHER, SD (zip code 57359), compared to 1 the prior year.

What is the median home price in LETCHER, SD 57359?

The median listing price in LETCHER, SD 57359 is $31,000 as of January 2026, a 90.5% decrease from $325,000 the prior year.

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

Homes in LETCHER, SD 57359 spend an average of 168 days on the market before going under contract, compared to 177 days the prior year.

Is it a seller's or buyer's market in LETCHER, SD 57359?

Based on current inventory and days-on-market data as of January 2026, LETCHER, SD 57359 is currently a Balanced Market. Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice. Homes are selling faster, averaging 168 days on market compared to 177 days last year.

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

With SELL123.com's maximum 3% commission, sellers in LETCHER, SD 57359 save an estimated $620 compared to a typical 5% commission on the median listing price of $31,000. 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.