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HOT SPRINGS, SD 57747

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

Market Analysis

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

The HOT SPRINGS, SD real estate market (57747) currently shows 61 active listings, with 13 pending sales. Homes are averaging 68 days on the market before going under contract.

Inventory has increased compared to last year, with 8 more homes available — giving buyers more choice.

Homes are selling faster, averaging 68 days on market compared to 99 days last year.

The median listing price has fallen 4.9% year-over-year, from $420,000 to $399,250.

Whether you are buying or selling in HOT SPRINGS, 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: 5,590  ·  Density: 4.2/mi²  ·  Median household income: $59,209

Typical home value: $181,319  ·  Homeownership: 76.7%

Market Overview

Active Listings
61
⇧ 15.1% vs 53 last year
Pending
13
21% pending ratio
Median Price
$399,250
⇩ 4.9% vs $420,000 last year
Average Price
$516,774
⇩ 20.7% vs $651,532 last year
Days on Market
68
⇩ 31.3% vs 99 days last year

Price Per Square Foot

Median $/sqft
$232
⇩ 13.4% vs $268/sqft last year
Median Home Size
1,676 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 61 this year vs 53 last year
  • Days on market: 68 now vs 99 last year

Median & Average Pricing

Year over Year
  • Median: $399,250 (-4.9% YoY)
  • Average: $516,774 (-20.7% 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
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 69.2 miles — 692 listings ($400,664,381 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
57747Hot Springs, SD 577470.0 mi54$27,628,884$399,250$511,646
57735Edgemont, SD 5773517.8 mi8$2,309,368$275,000$288,671
57751Keystone, SD 5775134.1 mi8$5,438,264$534,950$679,783
69367Whitney, NE 6936740.2 mi2$1,230,000$615,000$615,000
57702Rapid City, SD 5770245.5 mi144$150,041,952$650,000$1,041,958
57703Rapid City, SD 5770349.2 mi120$49,397,160$377,788$411,643
82701Newcastle, WY 8270151.5 mi25$12,356,250$228,000$494,250
57701Rapid City, SD 5770153.6 mi197$83,785,479$344,900$425,307
57718Black Hawk, SD 5771855.8 mi28$15,850,688$485,700$566,096
82715Four Corners, WY 8271559.3 mi3$4,074,000$1,200,000$1,358,000
57769Piedmont, SD 5776960.7 mi26$16,774,264$618,744$645,164
57719Box Elder, SD 5771964.6 mi76$31,192,072$383,674$410,422
69347Hay Springs, NE 6934769.2 mi1$586,000$586,000$586,000

Frequently Asked Questions

How many homes are for sale in HOT SPRINGS, SD 57747?

As of March 2026, there are 61 active listings in HOT SPRINGS, SD (zip code 57747), compared to 53 the prior year.

What is the median home price in HOT SPRINGS, SD 57747?

The median listing price in HOT SPRINGS, SD 57747 is $399,250 as of March 2026, a 4.9% decrease from $420,000 the prior year.

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

Homes in HOT SPRINGS, SD 57747 spend an average of 68 days on the market before going under contract, compared to 99 days the prior year.

Is it a seller's or buyer's market in HOT SPRINGS, SD 57747?

Based on current inventory and days-on-market data as of March 2026, HOT SPRINGS, SD 57747 is currently a Balanced Market. Inventory has increased compared to last year, with 8 more homes available — giving buyers more choice. Homes are selling faster, averaging 68 days on market compared to 99 days last year.

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

With SELL123.com's maximum 3% commission, sellers in HOT SPRINGS, SD 57747 save an estimated $7,985 compared to a typical 5% commission on the median listing price of $399,250. 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.