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FAULKTON, SD 57438

Real Estate Market Report
Buyer's Market
September 2026  ·  Source: Realtor.com

Market Analysis

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

The FAULKTON, SD real estate market (57438) currently shows 3 active listings. Homes are averaging 99 days on the market before going under contract.

Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 99 days on market compared to 9 days last year.

The median listing price has risen 21.1% year-over-year, from $189,900 to $229,900.

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Market Context

Market Context

Population: 1,034  ·  Density: 0.9/mi²  ·  Median household income: $70,469

Typical home value: $137,580  ·  Homeownership: 75.9%

Market Overview

Active Listings
3
⇧ 200% vs 1 last year
Pending
0
0% pending ratio
Median Price
$229,900
⇧ 21.1% vs $189,900 last year
Average Price
$224,783
⇧ 18.4% vs $189,900 last year
Days on Market
99
⇧ 1000% vs 9 days last year

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 3 this year vs 1 last year
  • Days on market: 99 now vs 9 last year

Median & Average Pricing

Year over Year
  • Median: $229,900 (+21.1% YoY)
  • Average: $224,783 (+18.4% 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 66.3 miles — 65 listings ($15,973,129 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
57438Faulkton, SD 574380.0 mi3$674,349$229,900$224,783
57471Roscoe, SD 5747124.8 mi1$99,500$99,500$99,500
57424Ashton, SD 5742430.6 mi1$29,500$29,500$29,500
57450Hoven, SD 5745034.7 mi4$638,400$167,450$159,600
57428Bowdle, SD 5742836.6 mi1$64,950$64,950$64,950
57479Warner, SD 5747938.4 mi1$345,000$345,000$345,000
57362Miller, SD 5736241.3 mi10$3,171,760$249,975$317,176
57456Leola, SD 5745645.7 mi3$393,750$126,750$131,250
57427Bath, SD 5742749.5 mi1$380,000$380,000$380,000
57472Selby, SD 5747252.3 mi4$939,216$102,425$234,804
57384Wolsey, SD 5738455.7 mi2$499,800$249,900$249,900
57445Groton, SD 5744556.9 mi2$628,200$279,900$314,100
57350Huron, SD 5735066.3 mi32$8,108,704$228,500$253,397

Frequently Asked Questions

How many homes are for sale in FAULKTON, SD 57438?

As of September 2026, there are 3 active listings in FAULKTON, SD (zip code 57438), compared to 1 the prior year.

What is the median home price in FAULKTON, SD 57438?

The median listing price in FAULKTON, SD 57438 is $229,900 as of September 2026, a 21.1% increase from $189,900 the prior year.

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

Homes in FAULKTON, SD 57438 spend an average of 99 days on the market before going under contract, compared to 9 days the prior year.

Is it a seller's or buyer's market in FAULKTON, SD 57438?

Based on current inventory and days-on-market data as of September 2026, FAULKTON, SD 57438 is currently a Buyer's Market. Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 99 days on market compared to 9 days last year.

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

With SELL123.com's maximum 3% commission, sellers in FAULKTON, SD 57438 save an estimated $4,598 compared to a typical 5% commission on the median listing price of $229,900. 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.