Hermosa Housing Market Report March 2025•Custer County, South Dakota

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Housing Prices in Hermosa, SD

How much do homes in Hermosa, SD cost?

Median List Price

Median List Price
This is the middle price for which all homes in a given area are listed. Half of all the homes sold were below this price, and half were above.
$485,000$254/SqFt
-$127,450
-20.8%

Based on all homes listed in the last 12 months

Insight

The list price of homes in Hermosa has decreased by 20.8% since last year.

Summary: The median home list price in Hermosa was $485,000 in March 2025, down 20.8% from the previous year, and the median price per square foot was $254.

Median List Price By Cities

Median List Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
East Custer
+27.3%
Hermosa
-20.8%

Median List Price By Bedrooms

Median List Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsMar 2024Mar 2025Change YoY
1$585K-
N/A
2-$250K
N/A
3$412.5K$414.9K
+0.6%
4$669.9K$549.9K
-17.9%
5$950K$902.4K
-5.0%

Summary: Hermosa housing price by bedroom type for March 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes increased by +0.6%. The home price for 4 bedroom homes decreased by -17.9%. The home price for 5 bedroom homes decreased by -5.0%.

How does Hermosa, SD compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Hermosa, SD

Housing supply in Hermosa, SD

How many homes are available in Hermosa, SD?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
9Last MonthMar 2025
82 months agoFeb 2025
+12.5 %
Change MoMFeb – Mar

Summary: The Hermosa real estate market had 9 homes for sale in Mar 2025, a 12.5 % increase compared to Feb 2025.

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsFeb 2025Mar 2025Change MoM
100
0.0%
222
0.0%
311
0.0%
444
0.0%
512
+100.0%

Summary: Hermosa housing inventory by bedroom type for March 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes remained the same. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes increased by +100.0%.

Asking Price vs. Sold Price

How much do homes in Hermosa, SD cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price0 Home

At Asking Price0 Home

Under Asking Price1 Home

Insight

If you're buying a home in Hermosa, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Hermosa in March 2025, up by 100.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and and 0% were sold over asking.

Days on Market for Hermosa, SD

How long does it take to sell a home in Hermosa, SD?

Average Listing Age

Average Listing Age
This is the average number of days an active home has been on the market.
This Year1 year agoChange YoY
128 DaysThis YearMar 2025
140 Days1 year agoMar 2024
-8.6 %
Change YoYMar 2024 – Mar 2025

Summary: Homes in Hermosa had an average listing age of 128 days in Mar 2025, down by 8.6% compared to the previous year.

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Newest Listings in Hermosa, SD

What homes are available in Hermosa, SD?

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MLS Disclaimers and Copyright

Based on information from Mount Rushmore MLS, and Black Hills Association of REALTORS® MLS for the period 04/01/2023 - 04/01/2025

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Mount Rushmore Area Association of REALTORS® Multiple Listing Service. Real estate listings held by other brokerage firms are marked with the Broker Reciprocity™ logo and detailed information about them includes the name of the listing brokers. Information Deemed Reliable But Not Guaranteed. The broker(s) providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision. Copyright 2025 Mount Rushmore Area Association of REALTORS®., Inc. Multiple Listing Service. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/11/2025, 3:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDXThe data relating to real estate for sale on this web site comes in part from the Internet Data exchange (IDX) program of Black Hills Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability.

Copyright © 2025 by Black Hills Association of REALTORS®. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/11/2025, 3:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.