Lake County Housing Market Report December 2024Lake County, South Dakota

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Housing Prices in Lake County, SD

How much do homes in Lake County, 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.
$351,900$194/SqFt

Based on all homes listed in December 2024

Insight

The list price of homes in Lake County has remained the same since November.

Summary: The median home list price in Lake County was $351,900 in December 2024, the same as the previous month, and the median price per square foot was $194.

Median List Price By City

Median List Price By City
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 MoM
Moody County
0.0%
Lake County
0.0%
Minnehaha County
-4.2%
Miner County
-90.2%

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.
BedsNov 2024Dec 2024Change MoM
2$299.9K$297.4K
-0.8%
4$369.9K$374.9K
+1.4%
5$499.9K$499.9K
0.0%
3$284.9K$284.9K
0.0%
1--
N/A

Summary: Lake County housing price by bedroom type for December 2024, compared to the previous month. The home price for 2 bedroom homes decreased by -0.8%. The home price for 4 bedroom homes increased by +1.4%. The home price for 5 bedroom homes did not change. The home price for 3 bedroom homes did not change. The home price for 1 bedroom homes did not change.

Housing supply in Lake County, SD

How many homes are available in Lake County, 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
40Last MonthDec 2024
382 months agoNov 2024
+5.3 %
Change MoMNov – Dec

Summary: The Lake County real estate market had 40 homes for sale in Dec 2024, a 5.3 % increase compared to Nov 2024.

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.
BedsNov 2024Dec 2024Change MoM
256
+20.0%
41112
+9.1%
51010
0.0%
31212
0.0%
100
0.0%

Summary: Lake County housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 2 bedroom homes increased by +20.0%. The inventory for 4 bedroom homes increased by +9.1%. The inventory for 5 bedroom homes remained the same. The inventory for 3 bedroom homes remained the same. The inventory for 1 bedroom homes remained the same.

Days on Market for Lake County, SD

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

Average Listing Age

Average Listing Age
This is the average number of days an active home has been on the market.
Last Month1 month agoChange MoM
100 DaysLast MonthDec 2024
73 Days1 month agoNov 2024
+35.6 %
Change MoMNov – Dec

Summary: Homes in Lake County had an average listing age of 100 days in Dec 2024, up by 35.6% compared to the previous month.

Newest Listings in Lake County, SD

What homes are available in Lake County, SD?

Nearby markets

MLS Disclaimers and Copyright

Based on information from Sioux Empire MLS, for the period 11/01/2024 - 01/01/2025

IDXThe 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.
Broker Reciprocity
©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: 1/17/2025, 11:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.