10 hours on Rocket
#83436, Listing Office: Lewis Realty
South Lawrence Housing Market Report February 2025•Lawrence County, South Dakota
Housing Prices in South Lawrence, SD
How much do homes in South Lawrence, SD cost?
Housing Market Conditions
Is South Lawrence, SD a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
South Lawrence is a Buyer's Market
Difference Since February 2024
At the same time last year, South Lawrence was a Seller's Market.
Insight
South Lawrence is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Median Sold Price
$827,500$322/SqFt
+$77,500
+10.3%
Based on all homes sold in the last 12 months
Insight
Homes in South Lawrence have sold for 10.3% more than they did a year ago.
Summary: The median home sold price in South Lawrence was $827,500 in February 2025, up 10.3% from last year, and the median price per square foot was $322.
Median Sold Price By Cities
| City | Feb 2024 | Feb 2025 | Change YoY |
|---|---|---|---|
| South Lawrence | $750K | $827.5K | +10.3% |
| North Lawrence | $680K | $650K | -4.4% |
| Lead | $330.7K | $299.9K | -9.3% |
Median Sold Price By Bedrooms
| Beds | Feb 2024 | Feb 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | - | $569K | N/A |
| 22 Bedrooms | $435K | $405K | -6.9% |
| 33 Bedrooms | $493.4K | $827.5K | +67.7% |
| 44 Bedrooms | $780K | $839K | +7.6% |
| 55+ Bedrooms | $1.0M | $1.3M | +30.9% |
Summary: South Lawrence housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes decreased by -6.9%. The home price for 3 bedroom homes increased by +67.7%. The home price for 4 bedroom homes increased by +7.6%. The home price for 5 bedroom homes increased by +30.9%.
How does South Lawrence, SD compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
South Lawrence, SD
Housing supply in South Lawrence, SD
How many homes are available in South Lawrence, SD?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 41Last MonthFeb 2025 | ||
| 312 months agoJan 2025 | +32.3 % Change MoMJan – Feb |
Summary: The South Lawrence real estate market had 41 homes for sale in Feb 2025, a 32.3 % increase compared to Jan 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 3Last MonthFeb 2025 | ||
| 12 months agoJan 2025 | +200.0 % Change MoMJan – Feb |
Homes For Sale By Bedroom Count
| Beds | Jan 2025 | Feb 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 2 | 3 | +50.0% |
| 33 Bedrooms | 7 | 10 | +42.9% |
| 44 Bedrooms | 10 | 12 | +20.0% |
| 55+ Bedrooms | 12 | 16 | +33.3% |
Summary: South Lawrence 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 +50.0%. The inventory for 3 bedroom homes increased by +42.9%. The inventory for 4 bedroom homes increased by +20.0%. The inventory for 5 bedroom homes increased by +33.3%.
Asking Price vs. Sold Price
How much do homes in South Lawrence, SD cost?
Over Asking Price0 Home
At Asking Price0 Home
Under Asking Price3 Homes
Insight
If you're buying a home in South Lawrence, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in South Lawrence in February 2025, up by 200.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and and 0% were sold over asking.
Days on Market for South Lawrence, 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 South Lawrence, SD
What homes are available in South Lawrence, SD?
2 days on Rocket
#172687, SCOT MUNRO, Listing Office: GREAT PEAKS REALTY MUNRO & GRAN
3 days on Rocket
$175,000
Land • 1.45 Acres
#172651, STACEY NELSON, Listing Office: RE/MAX RESULTS
5 days on Rocket
#83363, Listing Office: Century 21 Associated Realty
$10,000 Closing Credit¹
#83330, Listing Office: The Real Estate Center of Spearfish
$10,000 Closing Credit¹
#83315, Listing Office: Real Broker Spearfish
#172469, DANEEN JACQUOT KULMALA, Listing Office: SOUTH DAKOTA PROPERTIES
$10,000 Closing Credit¹
#83194, Listing Office: Great Peaks Realty
Backup offers
$7,113 Closing Credit¹
#172414, HEATH GRAN, Listing Office: GREAT PEAKS REALTY MUNRO & GRAN
$4,928 Closing Credit¹
#172407, HEATH GRAN, Listing Office: GREAT PEAKS REALTY MUNRO & GRAN
$10,000 Closing Credit¹
#83168, Listing Office: Oak & Key Realty, LLC
$10,000 Closing Credit¹
#172384, KARI ENGEN, Listing Office: THE REAL ESTATE CENTER OF SPEARFISH
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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 03/01/2023 - 03/01/2025
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: 3/13/2025, 10:20:52 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: 3/13/2025, 10:20:52 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 (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: 3/13/2025, 10:20:51 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 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: 3/13/2025, 10:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.