Is Summerset, SD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Summerset was a Seller's Market.
Housing Prices in Summerset, SD
How much do homes in Summerset, SD cost?
Median Sold Price
$409,900
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Summerset was $409,900 in May 2024, up 13.9% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $297.4K | $307K | +3.2% |
3 Bedrooms | $397K | $414.9K | +4.5% |
4 Bedrooms | $366.5K | $404.9K | +10.5% |
5+ Bedrooms | - | $512.4K | N/A |
Summary: Summerset housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.2%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Black Hawk | $309.9K | $399.9K | +29.0% |
Southwest Meade | $399.9K | $506.2K | +26.6% |
Summerset | $360K | $409.9K | +13.9% |
Piedmont | $547.5K | $615K | +12.3% |
Housing Supply in Summerset, SD
How many homes are available in Summerset, SD?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 13 | +85.7% |
Summary: The Summerset real estate market had 13 homes for sale in May 2024, a 85.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 0 | 2 | +100.0% |
4 Bedrooms | 5 | 7 | +40.0% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Summerset housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Summerset in May 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Summerset, SD
We’re sorry, we don't have information for this market at the moment