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MELLETTE, SD 57461

Real Estate Market Report  ·  Spink County
Buyer's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
2
⇧ 100% vs 1 last year
Pending
0
0% pending ratio
Median Price
$187,000
⇧ 88.9% vs $99,000 last year
Average Price
$187,000
⇧ 88.9% vs $99,000 last year
Days on Market
60
⇧ 400% vs 12 days last year

Market Context

Population: 304  ·  Density: 1.1/mi²  ·  Median household income: $78,750

Typical home value: $128,960  ·  Homeownership: 81.5%

Market Analysis

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

The MELLETTE, SD real estate market (57461) currently shows 2 active listings. Homes are averaging 60 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 taking longer to sell, averaging 60 days on market compared to 12 days last year.

The median listing price has risen 88.9% year-over-year, from $99,000 to $187,000.

Whether you are buying or selling in MELLETTE, 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: 60 now vs 12 last year

Median & Average Pricing

Year over Year
  • Median: $187,000 (+88.9% YoY)
  • Average: $187,000 (+88.9% 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
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 54.2 miles — 136 listings ($41,837,130 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
57461Mellette, SD 574610.0 mi2$374,000$187,000$187,000
57424Ashton, SD 5742410.8 mi1$29,500$29,500$29,500
57434Conde, SD 5743417.7 mi1$89,900$89,900$89,900
57401Aberdeen, SD 5740122.2 mi82$29,364,200$335,000$358,100
57435Cresbard, SD 5743523.2 mi0$0$180,000$180,000
57436Doland, SD 5743627.3 mi0$0$1,250,000$1,250,000
57451Ipswich, SD 5745130.8 mi6$1,721,826$209,500$286,971
57433Columbia, SD 5743333.8 mi1$99,000$99,000$99,000
57225Clark, SD 5722539.5 mi2$394,800$197,400$197,400
57454Langford, SD 5745444.6 mi1$74,000$74,000$74,000
57471Roscoe, SD 5747146.0 mi1$99,500$99,500$99,500
57384Wolsey, SD 5738451.2 mi2$499,800$249,900$249,900
57350Huron, SD 5735054.2 mi37$9,090,604$234,900$245,692

Frequently Asked Questions

How many homes are for sale in MELLETTE, SD 57461?

As of January 2026, there are 2 active listings in MELLETTE, SD (zip code 57461), compared to 1 the prior year.

What is the median home price in MELLETTE, SD 57461?

The median listing price in MELLETTE, SD 57461 is $187,000 as of January 2026, a 88.9% increase from $99,000 the prior year.

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

Homes in MELLETTE, SD 57461 spend an average of 60 days on the market before going under contract, compared to 12 days the prior year.

Is it a seller's or buyer's market in MELLETTE, SD 57461?

Based on current inventory and days-on-market data as of January 2026, MELLETTE, SD 57461 is currently a Buyer's Market. Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 60 days on market compared to 12 days last year.

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

With SELL123.com's maximum 3% commission, sellers in MELLETTE, SD 57461 save an estimated $3,740 compared to a typical 5% commission on the median listing price of $187,000. 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.