Top Mega Teams in South Dakota – Ranked by Sides

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    2023 South Dakota Housing Market Summary

    South Dakota started 2023 with a total of 1,517 single-family homes on the market, with a median home price of $400,000 and an average price per square foot of $219. By the end of the year, inventory had decreased to 1,494 homes on the market (-1%), with a median home price of $395,000 (-1%) and an average price per square foot of $227 (+3%).

    At the start of 2023, the median days on market (DOM) was 91 days – by the end of the year, median DOM had remained the same at 91 days.

    South Dakota started the year with 21% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 25% of South Dakota homes for sale had taken a price cut.

    Finally, Altos’ proprietary Market Action Index (MAI) shows that South Dakota started 2023 as a seller’s market, with an MAI score of 36; by the end of the year, the MAI had held steady at 36 – a slight seller’s advantage.

    This market summary is powered by Altos Research – click here to run a free report for your area.

    Housing Market News

    Contributor's Piece (3)

    Bridging the gap: How intergenerational living is combating senior isolation and the housing crisis 

    Aug 08, 2025By

    The United States faces a pressing dual challenge: an aging population at risk of social isolation and a housing market that has struggled to keep pace with evolving care needs. Traditional senior housing models often separate rather than connect, leaving many older adults without meaningful community and compounding the emotional toll of aging. At the same time, younger adults with support needs are frequently placed in environments not designed to nurture independence or emotional well-being. This disconnect not only reduces quality of life but also contributes to unsustainable costs for families and systems alike.

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