#83445, Listing Office: Exit Realty Black Hills
Pennington County Housing Market Report April 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 April 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 3% more than they did a year ago.
Summary: The median home sold price in Pennington County was $365,602 in April 2025, up 3% from last year, and the median price per square foot was $189.
Median Sold Price By Counties
City | Apr 2024 | Apr 2025 | Change YoY |
---|---|---|---|
Meade County | $399K | $413.5K | +3.6% |
Pennington County | $355K | $365.6K | +3.0% |
Custer County | $495K | $434K | -12.3% |
Median Sold Price By Bedrooms
Beds | Apr 2024 | Apr 2025 | Change YoY |
---|---|---|---|
11 Bedroom | $175K | $214.4K | +22.5% |
22 Bedrooms | $260K | $267K | +2.7% |
33 Bedrooms | $319.9K | $346K | +8.1% |
44 Bedrooms | $390K | $390.8K | 0.2% |
55+ Bedrooms | $558K | $511K | -8.4% |
Summary: Pennington County housing price by bedroom type for April 2025, compared to the previous year. The home price for 1 bedroom homes increased by +22.5%. The home price for 2 bedroom homes increased by +2.7%. The home price for 3 bedroom homes increased by +8.1%. The home price for 4 bedroom homes increased by 0.2%. The home price for 5 bedroom homes decreased by -8.4%.
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 |
---|---|---|
574Last MonthApr 2025 | ||
4042 months agoMar 2025 | +42.1 % Change MoMMar – Apr |
Summary: The Pennington County real estate market had 574 homes for sale in Apr 2025, a 42.1 % increase compared to Mar 2025.
Number of Homes Sold
Last Month | 2 months ago | Change MoM |
---|---|---|
40Last MonthApr 2025 | ||
422 months agoMar 2025 | -4.8 % Change MoMMar – Apr |
Homes For Sale By Bedroom Count
Beds | Mar 2025 | Apr 2025 | Change MoM |
---|---|---|---|
11 Bedroom | 3 | 8 | +166.7% |
22 Bedrooms | 75 | 92 | +22.7% |
33 Bedrooms | 143 | 198 | +38.5% |
44 Bedrooms | 127 | 194 | +52.8% |
55+ Bedrooms | 56 | 82 | +46.4% |
Summary: Pennington County housing inventory by bedroom type for April 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +166.7%. The inventory for 2 bedroom homes increased by +22.7%. The inventory for 3 bedroom homes increased by +38.5%. The inventory for 4 bedroom homes increased by +52.8%. The inventory for 5 bedroom homes increased by +46.4%.
Asking Price vs. Sold Price
How much do homes in Pennington County, SD cost?
Over Asking Price7 Homes
At Asking Price9 Homes
Under Asking Price22 Homes
If you're buying a home in Pennington County, you may be able to get a good deal. 57.9% of homes here sold below asking price last month.
Summary: A total of 40 homes were sold or pending in Pennington County in April 2025, down by 4.8% month-over-month. Of the 38 sold homes, 58% were sold under asking, 24% were sold at asking, and and 18% 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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MLS Disclaimers and Copyright
Based on information from Black Hills Association of REALTORS® MLS, Mount Rushmore MLS, and Sioux Empire MLS for the period 05/01/2023 - 05/01/2025

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: 5/7/2025, 1:20:31 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: 5/7/2025, 1:20:30 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: 5/7/2025, 1:20:28 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.