#82854, Listing Office: RE/MAX In The Hills
Lead Housing Market Report December 2024•Lawrence County, South Dakota
Housing Prices in Lead, SD
How much do homes in Lead, SD cost?
Housing Market Conditions
Is Lead, SD a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Lead is a Buyer's Market
Difference Since December 2023
Since last year, Lead has remained a Buyer's Market.
Lead 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 Lead have sold for 7.6% less than they did a year ago.
Summary: The median home sold price in Lead was $298,450 in December 2024, down 7.6% from last year, and the median price per square foot was $194.
Median Sold Price By City
City | Dec 2023 | Dec 2024 | Change YoY |
---|---|---|---|
South Lawrence | $733.1K | $801.5K | +9.3% |
Lead | $323K | $298.4K | -7.6% |
Median Sold Price By Bedrooms
Beds | Dec 2023 | Dec 2024 | Change YoY |
---|---|---|---|
11 Bedroom | $410K | $170K | -58.5% |
22 Bedrooms | $220K | $175K | -20.5% |
33 Bedrooms | $277.5K | $250K | -9.9% |
44 Bedrooms | $524K | $657.5K | +25.5% |
55+ Bedrooms | $1.0M | $615K | -38.5% |
Summary: Lead housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes decreased by -58.5%. The home price for 2 bedroom homes decreased by -20.5%. The home price for 3 bedroom homes decreased by -9.9%. The home price for 4 bedroom homes increased by +25.5%. The home price for 5 bedroom homes decreased by -38.5%.
Housing supply in Lead, SD
How many homes are available in Lead, SD?
Number of Homes For Sale
Last Month | 2 months ago | Change MoM |
---|---|---|
60Last MonthDec 2024 | ||
632 months agoNov 2024 | -4.8 % Change MoMNov – Dec |
Summary: The Lead real estate market had 60 homes for sale in Dec 2024, a 4.8 % decrease compared to Nov 2024.
Number of Homes Sold
Last Month | 2 months ago | Change MoM |
---|---|---|
7Last MonthDec 2024 | ||
82 months agoNov 2024 | -12.5 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
Beds | Nov 2024 | Dec 2024 | Change MoM |
---|---|---|---|
11 Bedroom | 1 | 0 | -100.0% |
22 Bedrooms | 9 | 7 | -22.2% |
33 Bedrooms | 18 | 19 | +5.6% |
44 Bedrooms | 14 | 14 | 0.0% |
55+ Bedrooms | 21 | 20 | -4.8% |
Summary: Lead housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes decreased by -100.0%. The inventory for 2 bedroom homes decreased by -22.2%. The inventory for 3 bedroom homes increased by +5.6%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes decreased by -4.8%.
Asking Price vs. Sold Price
How much do homes in Lead, SD cost?
Over Asking Price0 Home
At Asking Price0 Home
Under Asking Price7 Homes
If you're buying a home in Lead, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Lead in December 2024, down by 12.5% month-over-month. Of the 7 sold homes, 100% were sold under asking, 0% were sold at asking, and and 0% were sold over asking.
Days on Market for Lead, 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 Lead, 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 01/01/2023 - 01/01/2025
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, 11:20:59 PM 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: 1/17/2025, 11:20:58 PM 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: 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.