9 hours on Rocket
$4,334 Closing Credit¹
#22504153, Amanda Snyder, Listing Office: Keller Williams Realty Sioux Falls
Lake County Housing Market Report May 2025•Lake County, South Dakota
Housing Prices in Lake County, SD
How much do homes in Lake County, SD cost?
Median List Price
$507,400$226/SqFt
-$42,100
-7.7%
Based on all homes listed in May 2025
Insight
The list price of homes in Lake County has decreased by 7.7% since April.
Summary: The median home list price in Lake County was $507,400 in May 2025, down 7.7% from the previous month, and the median price per square foot was $226.
Median List Price By Counties
| City | Apr 2025 | May 2025 | Change MoM |
|---|---|---|---|
| Minnehaha County | $407.6K | $391.1K | -4.1% |
| Lake County | $549.5K | $507.4K | -7.7% |
| Moody County | $464.9K | $395.9K | -14.8% |
| Brookings County | $559.9K | $374.9K | -33.0% |
| Miner County | $899K | $589.5K | -34.4% |
Median List Price By Bedrooms
| Beds | Apr 2025 | May 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | $400K | $400K | 0.0% |
| 22 Bedrooms | $319.9K | $299.9K | -6.3% |
| 33 Bedrooms | $650K | $524.9K | -19.2% |
| 44 Bedrooms | $619.9K | $599K | -3.4% |
| 55+ Bedrooms | $619.9K | $684.9K | +10.5% |
Summary: Lake County housing price by bedroom type for May 2025, compared to the previous month. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes decreased by -6.3%. The home price for 3 bedroom homes decreased by -19.2%. The home price for 4 bedroom homes decreased by -3.4%. The home price for 5 bedroom homes increased by +10.5%.
How does Lake County, SD compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
Lake County, SD
Housing supply in Lake County, SD
How many homes are available in Lake County, SD?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 76Last MonthMay 2025 | ||
| 472 months agoApr 2025 | +61.7 % Change MoMApr – May |
Summary: The Lake County real estate market had 76 homes for sale in May 2025, a 61.7 % increase compared to Apr 2025.
Homes For Sale By Bedroom Count
| Beds | Apr 2025 | May 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 1 | 1 | 0.0% |
| 22 Bedrooms | 7 | 12 | +71.4% |
| 33 Bedrooms | 15 | 22 | +46.7% |
| 44 Bedrooms | 13 | 27 | +107.7% |
| 55+ Bedrooms | 11 | 14 | +27.3% |
Summary: Lake County housing inventory by bedroom type for May 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +71.4%. The inventory for 3 bedroom homes increased by +46.7%. The inventory for 4 bedroom homes increased by +107.7%. The inventory for 5 bedroom homes increased by +27.3%.
Days on Market for Lake County, SD
How long does it take to sell a home in Lake County, SD?
Average Listing Age
| Last Month | 1 month ago | Change MoM |
|---|---|---|
| 56 DaysLast MonthMay 2025 | ||
| 50 Days1 month agoApr 2025 | +12.5 % Change MoMApr – May |
Summary: Homes in Lake County had an average listing age of 56 days in May 2025, up by 12.5% compared to the previous month.
Connect With An Agent
Local real estate agents are ready to help you find a home here
Sell My Home
Sell your home with an expert or get the job done on your own.
Get Approved
Get a customizable mortgage solution based on today's rates.
Newest Listings in Lake County, SD
What homes are available in Lake County, SD?
3 days on Rocket
#22504117, Jeremy Simon, Listing Office: Keller Williams Realty Sioux Falls
4 days on RocketTour
$8,905 Closing Credit¹
#22504085, Justin Garry, Listing Office: Hegg, REALTORS
5 days on RocketTour
$8,311 Closing Credit¹
#22504024, Justin Garry, Listing Office: Hegg, REALTORS
6 days on Rocket
$2,789 Closing Credit¹
#22504019, Brad Benson, Listing Office: Signature Realty Group LLC
#22503952, Adam Foland, Listing Office: EXIT Realty Advantage
$9,797 Closing Credit¹
#22503947, Callie Wockenfuss, Listing Office: Real Estate Retrievers of Sioux Falls
$4,986 Closing Credit¹
#22503937, Julie Jones, Listing Office: Signature Realty Group LLC
$3,324 Closing Credit¹
#22503934, Brenda Thompson, Listing Office: Signature Realty Group LLC
Tour
$10,000 Closing Credit¹
#22503906, Justin Garry, Listing Office: Hegg, REALTORS
#22503821, Brenda Thompson, Listing Office: Signature Realty Group LLC
$10,000 Closing Credit¹
#22503795, Rick Trapp, Listing Office: eXp Realty
Nearby markets
Popular Cities with Homes for Sale in South Dakota
MLS Disclaimers and Copyright
Based on information from Sioux Empire MLS, and Mount Rushmore MLS for the period 04/01/2025 - 06/01/2025
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the REALTOR® Association of the Sioux Empire, Inc., Multiple Listing Service. Real estate listings held by other brokerage firms are marked with the Internet Data Exchange™ logo or the Internet Data Exchange thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. 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. 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. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. The REALTOR® Association of the Sioux Empire, Inc. does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. 
©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: 6/3/2025, 7:45:28 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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: 6/3/2025, 7:45:30 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/3/2025, 7:45:30 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.