4 hours on Rocket
$4,630 Closing Credit¹
#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.
Insight
Pennington County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Median Sold Price
$363,766$188/SqFt
+$8,766
+2.5%
Based on all homes sold in the last 12 months
Insight
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
Insight
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.
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 Pennington County, SD
What homes are available in Pennington County, SD?
8 hours on Rocket
$3,390 Closing Credit¹
#83459, Listing Office: Keller Williams Realty Black Hills SP
8 hours on Rocket
$2,850 Closing Credit¹
#83458, Listing Office: Century 21 Clearview Realty
11 hours on RocketBackup offers
#172744, ZAC ZANDSTRA, Listing Office: GREAT PEAKS REALTY MUNRO & GRAN
23 hours on Rocket
#83452, Listing Office: Lewis Realty
23 hours on Rocket
$4,453 Closing Credit¹
#172741, MISTI BROWN, Listing Office: ENGEL & VOELKERS BLACK HILLS, LLC
1 day on Rocket
$5,414 Closing Credit¹
#172737, DANIEL TRIBBY, Listing Office: RE/MAX ADVANTAGE
1 day on Rocket
$9,796 Closing Credit¹
#172735, DANIEL TRIBBY, Listing Office: RE/MAX ADVANTAGE
1 day on Rocket
$3,563 Closing Credit¹
#83440, Listing Office: NavX Realty
1 day on Rocket
$5,343 Closing Credit¹
#172731, WILL DIXON, Listing Office: KELLER WILLIAMS REALTY BLACK HILLS
1 day on Rocket
$6,174 Closing Credit¹
#172725, JAIMA KNUTSON-COLSON, Listing Office: RE/MAX RESULTS
1 day on Rocket
$4,631 Closing Credit¹
#83435, Listing Office: Engel & Voelkers Black Hills Rapid City
Nearby markets
Popular Cities with Homes for Sale in South Dakota
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
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (IDX) program of Black Hills Association of REALTORS®. IDX 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. Information Deemed Reliable But Not Guaranteed. Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. 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, 9:20:51 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: 3/14/2025, 9:20:52 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, 9:20:52 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 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: 3/14/2025, 9:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.