#84335, Listing Office: Lampert Properties
Hot Springs Housing Market Report April 2025•Fall River County, South Dakota
Housing Prices in Hot Springs, SD
How much do homes in Hot Springs, SD cost?
Housing Market Conditions
Is Hot Springs, SD a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Hot Springs is a Buyer's Market
Difference Since April 2024
At the same time last year, Hot Springs was a Seller's Market.
Hot Springs is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Median Sold Price
Based on all homes sold in the last 12 months
Homes in Hot Springs have sold for 1.5% more than they did a year ago.
Summary: The median home sold price in Hot Springs was $314,000 in April 2025, up 1.5% from last year, and the median price per square foot was $191.
Median Sold Price By Cities
City | Apr 2024 | Apr 2025 | Change YoY |
---|---|---|---|
Hot Springs | $309.5K | $314K | +1.5% |
Northeast Fall River | $395K | $395K | 0.0% |
Median Sold Price By Bedrooms
Beds | Apr 2024 | Apr 2025 | Change YoY |
---|---|---|---|
11 Bedroom | $230K | $164K | -28.7% |
22 Bedrooms | $237K | $235K | -0.8% |
33 Bedrooms | $350K | $312K | -10.9% |
44 Bedrooms | $339.5K | $468.5K | +38.0% |
55+ Bedrooms | $468.5K | $570K | +21.7% |
Summary: Hot Springs housing price by bedroom type for April 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -28.7%. The home price for 2 bedroom homes decreased by -0.8%. The home price for 3 bedroom homes decreased by -10.9%. The home price for 4 bedroom homes increased by +38.0%. The home price for 5 bedroom homes increased by +21.7%.
How does Hot Springs, SD compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
Hot Springs, SD
Housing supply in Hot Springs, SD
How many homes are available in Hot Springs, SD?
Number of Homes For Sale
Last Month | 2 months ago | Change MoM |
---|---|---|
62Last MonthApr 2025 | ||
482 months agoMar 2025 | +29.2 % Change MoMMar – Apr |
Summary: The Hot Springs real estate market had 62 homes for sale in Apr 2025, a 29.2 % increase compared to Mar 2025.
Number of Homes Sold
Last Month | 2 months ago | Change MoM |
---|---|---|
3Last MonthApr 2025 | ||
62 months agoMar 2025 | -50.0 % Change MoMMar – Apr |
Homes For Sale By Bedroom Count
Beds | Mar 2025 | Apr 2025 | Change MoM |
---|---|---|---|
11 Bedroom | 3 | 3 | 0.0% |
22 Bedrooms | 15 | 18 | +20.0% |
33 Bedrooms | 19 | 24 | +26.3% |
44 Bedrooms | 9 | 12 | +33.3% |
55+ Bedrooms | 2 | 5 | +150.0% |
Summary: Hot Springs housing inventory by bedroom type for April 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +20.0%. The inventory for 3 bedroom homes increased by +26.3%. The inventory for 4 bedroom homes increased by +33.3%. The inventory for 5 bedroom homes increased by +150.0%.
Asking Price vs. Sold Price
How much do homes in Hot Springs, SD cost?
Over Asking Price0 Home
At Asking Price2 Homes
Under Asking Price1 Home
If you're buying a home in Hot Springs, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Hot Springs in April 2025, down by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and and 0% were sold over asking.
Days on Market for Hot Springs, SD
We’re sorry, we don't have information for this market at the moment.
Home sale times aren’t available for this area.
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Newest Listings in Hot Springs, SD
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Nearby markets
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MLS Disclaimers and Copyright
Based on information from Mount Rushmore MLS, Black Hills Association of REALTORS® MLS, and Sioux Empire MLS for the period 05/01/2023 - 05/01/2025
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/9/2025, 9:20:30 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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: 5/9/2025, 9:20:29 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.


©2025 REALTOR® Association of the Sioux Empire, 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: 5/9/2025, 9:20:29 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.