Sturgis, SD
Housing market overview · Updated weekly
$297,450median sale price
Homes sold
4
Last 12 weeks
Days on market
108
Average pace
Active listings
25
6.3 months supply
Sale-to-list
94.0%
Below asking
The Sturgis housing market is currently classified as a buyer's market with a median sale price of $297,450. Prices have fallen 11.2% compared to last year, with homes spending an average of 108 days on market, indicating 6.3 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Market trends
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Frequently asked questions
What is the average home price in Sturgis?
The median home sale price in Sturgis is $297,450, down 11.2% from last year.
How long do homes stay on market in Sturgis?
Homes typically spend 108 days on market before going under contract.
Is Sturgis a buyer's or seller's market?
With 6.3 months of supply, Sturgis is currently a buyer's market.
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