#172752, FORREST THOMPSON, Listing Office: RE/MAX ADVANTAGE
Pennington County Housing Market Report February 2025•Pennington County, South Dakota
Housing Prices in Pennington County, SD
How much do homes in Pennington County, SD cost?
Housing Market Conditions
Is Pennington County, SD a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Pennington County is a Buyer's Market
Difference Since February 2024
At the same time last year, Pennington County was a Seller's Market.
Pennington County 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 Pennington County have sold for 2.5% more than they did a year ago.
Summary: The median home sold price in Pennington County was $363,766 in February 2025, up 2.5% from last year, and the median price per square foot was $188.
Median Sold Price By Counties
City | Feb 2024 | Feb 2025 | Change YoY |
---|---|---|---|
Pennington County | $355K | $363.7K | +2.5% |
Meade County | $403.3K | $400K | -0.8% |
Custer County | $497K | $434K | -12.7% |
Median Sold Price By Bedrooms
Beds | Feb 2024 | Feb 2025 | Change YoY |
---|---|---|---|
11 Bedroom | $175K | $219.9K | +25.7% |
22 Bedrooms | $240K | $276K | +15.0% |
33 Bedrooms | $325K | $343.7K | +5.8% |
44 Bedrooms | $390K | $390.8K | 0.2% |
55+ Bedrooms | $558K | $508K | -9.0% |
Summary: Pennington County housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes increased by +25.7%. The home price for 2 bedroom homes increased by +15.0%. The home price for 3 bedroom homes increased by +5.8%. The home price for 4 bedroom homes increased by 0.2%. The home price for 5 bedroom homes decreased by -9.0%.
How does Pennington County, SD compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
Pennington County, SD
Housing supply in Pennington County, SD
How many homes are available in Pennington County, SD?
Number of Homes For Sale
Last Month | 2 months ago | Change MoM |
---|---|---|
451Last MonthFeb 2025 | ||
3562 months agoJan 2025 | +26.7 % Change MoMJan – Feb |
Summary: The Pennington County real estate market had 451 homes for sale in Feb 2025, a 26.7 % increase compared to Jan 2025.
Number of Homes Sold
Last Month | 2 months ago | Change MoM |
---|---|---|
33Last MonthFeb 2025 | ||
312 months agoJan 2025 | +6.5 % Change MoMJan – Feb |
Homes For Sale By Bedroom Count
Beds | Jan 2025 | Feb 2025 | Change MoM |
---|---|---|---|
11 Bedroom | 5 | 5 | 0.0% |
22 Bedrooms | 58 | 80 | +37.9% |
33 Bedrooms | 138 | 161 | +16.7% |
44 Bedrooms | 100 | 138 | +38.0% |
55+ Bedrooms | 55 | 67 | +21.8% |
Summary: Pennington County housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +37.9%. The inventory for 3 bedroom homes increased by +16.7%. The inventory for 4 bedroom homes increased by +38.0%. The inventory for 5 bedroom homes increased by +21.8%.
Asking Price vs. Sold Price
How much do homes in Pennington County, SD cost?
Over Asking Price3 Homes
At Asking Price7 Homes
Under Asking Price20 Homes
If you're buying a home in Pennington County, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 33 homes were sold or pending in Pennington County in February 2025, up by 6.5% month-over-month. Of the 30 sold homes, 67% were sold under asking, 23% were sold at asking, and and 10% were sold over asking.
Days on Market for Pennington County, 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 Pennington County, SD
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Nearby markets
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MLS Disclaimers and Copyright
Based on information from Black Hills Association of REALTORS® MLS, Mount Rushmore MLS, and Sioux Empire MLS for the period 03/01/2023 - 03/01/2025

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: 3/14/2025, 10:20:51 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: 3/14/2025, 10:20:52 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: 3/14/2025, 10:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.