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PIERRE, SD 57501

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

Market Analysis

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

The PIERRE, SD real estate market (57501) currently shows 58 active listings, with 17 pending sales. Homes are averaging 43 days on the market before going under contract.

Inventory has increased compared to last year, with 16 more homes available — giving buyers more choice.

Homes are selling faster, averaging 43 days on market compared to 69 days last year.

The median listing price has fallen 14.8% year-over-year, from $359,000 to $305,750.

Whether you are buying or selling in PIERRE, 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: 17,380  ·  Density: 11.9/mi²  ·  Median household income: $84,055

Typical home value: $211,021  ·  Homeownership: 73.6%

Market Overview

Active Listings
58
⇧ 38.1% vs 42 last year
Pending
17
29% pending ratio
Median Price
$305,750
⇩ 14.8% vs $359,000 last year
Average Price
$370,758
⇩ 55% vs $823,484 last year
Days on Market
43
⇩ 37.7% vs 69 days last year

Price Per Square Foot

Median $/sqft
$270
⇧ 9.8% vs $246/sqft last year
Median Home Size
1,352 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 58 this year vs 42 last year
  • Days on market: 43 now vs 69 last year

Median & Average Pricing

Year over Year
  • Median: $305,750 (-14.8% YoY)
  • Average: $370,758 (-55% 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 0.0 miles — 62 listings ($21,083,403 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
57501Pierre, SD 575010.0 mi48$18,099,888$312,250$377,081
57442Gettysburg, SD 5744237.0 mi2$795,000$397,500$397,500
57559Murdo, SD 5755945.9 mi1$160,500$160,500$160,500
57420Akaska, SD 5742052.5 mi1$175,000$175,000$175,000
57371Ree Heights, SD 5737154.2 mi1$75,000$75,000$75,000
57472Selby, SD 5747262.6 mi4$939,216$102,425$234,804
57438Faulkton, SD 5743867.7 mi3$674,349$229,900$224,783
57428Bowdle, SD 5742870.4 mi1$64,950$64,950$64,950
57471Roscoe, SD 5747177.7 mi1$99,500$99,500$99,500
, 0.0 mi0$0$0$0

Frequently Asked Questions

How many homes are for sale in PIERRE, SD 57501?

As of March 2026, there are 58 active listings in PIERRE, SD (zip code 57501), compared to 42 the prior year.

What is the median home price in PIERRE, SD 57501?

The median listing price in PIERRE, SD 57501 is $305,750 as of March 2026, a 14.8% decrease from $359,000 the prior year.

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

Homes in PIERRE, SD 57501 spend an average of 43 days on the market before going under contract, compared to 69 days the prior year.

Is it a seller's or buyer's market in PIERRE, SD 57501?

Based on current inventory and days-on-market data as of March 2026, PIERRE, SD 57501 is currently a Balanced Market. Inventory has increased compared to last year, with 16 more homes available — giving buyers more choice. Homes are selling faster, averaging 43 days on market compared to 69 days last year.

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

With SELL123.com's maximum 3% commission, sellers in PIERRE, SD 57501 save an estimated $6,115 compared to a typical 5% commission on the median listing price of $305,750. 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.