Market Intelligence Report — SD-100

Brookings, SD

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-SD-08
As of the latest 2026 data
Accelerated

Median Listing

$360K
+2.9% YoY

Pending Ratio

0.68
+9.3% YoY

Active Inventory

79
-21.0% YoY

Median DOM

39 Days
-54.6% YoY

Primary Intelligence Tool — Sold Score™

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The Brookings, SD market is currently in an Accelerated condition, driven by a pending ratio of 0.68, indicating robust demand absorption. Active listings have contracted significantly, declining by 21.0% year-over-year, contributing to constrained supply.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Local economic indicators are not yet available for this metro. Check back soon.
Market Analysis

What's moving the Brookings market right now.

Inventory levels continue to tighten, with active listings down 21.0% and new listings decreasing by 33.3% over the past year. Despite the reduced supply, the median listing price has increased by 2.9% year-over-year. The pending ratio has also seen a notable rise of 9.3% year-over-year, reflecting sustained buyer interest and a faster pace of transactions. Median days on market have sharply decreased by 54.6% over the past year, underscoring the rapid absorption of available properties.

Historical Analysis

Market Trends

Median Price

$360K+1.4% MoM

Active Inventory

79-21.0% YoY

Days on Market

39-54.6% YoY

Sold Score™

91+9.3% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

91
Sep 23Aug 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Sep 23Aug 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Sep 23Apr 24Nov 24Jun 25Jan 26Aug 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

The rapid reduction in median days on market, coupled with a high pending ratio and contracting inventory, suggests that properties are moving quickly through the market. This environment places significant pressure on buyers to act decisively, as the swift pace of sales limits available options. Price discipline for sellers is supported by the rapid absorption of listings.

Luxury Segment

The average listing price has increased by 4.6% year-over-year, while the median $/sqft has declined by 25.8% over the same period. This divergence, coupled with an elevated average-vs-median spread, suggests a potential softening at the higher price tiers within the market.

Supply Dynamics

79 active listings represent the current floor, with new supply arriving at roughly 32 per month.

Pricing Pressure
7.5%

of active listings carry a price reduction, +1.6% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved -25.8% year-over-year.

Absorption
0.68

Pending-to-active ratio — Accelerated.

Recommended For This Market

Accelerated

Selling in Brookings, SD? Homes here are taking 47 days less to sell than last year.

Demand in Brookings, SD is outpacing supply. Well-prepared listings are still clearing quickly — pricing to the current pace matters more than waiting.

Buyer Demand Index
68%
Median Days on Market
39 days
Inventory YoY
−21%

Demand is strong in Brookings, SD. Check your Sold Score before you price — conditions this favorable don't hold forever.

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Metro Demographics

Metro Area
Brookings, SD
CBSA Code
15100
State
SD
Analysis FAQ
  • What is the current market condition in Brookings?+

    As of the latest 2026 data, the Brookings metro is classified as Accelerated. Pending ratio is 0.68 with median days on market at 39.

  • Are home prices dropping in Brookings?+

    Median listing price is $360K, +2.9% year over year. 7.5% of active listings carry a price reduction.

  • How fast are homes selling in Brookings?+

    The typical listing sits 39 days on market, a -54.6% change YoY. New listings are arriving at 32 per month.

  • What's happening in the Brookings luxury market?+

    The average listing price has increased by 4.6% year-over-year, while the median $/sqft has declined by 25.8% over the same period. This divergence, coupled with an elevated average-vs-median spread, suggests a potential softening at the higher price tiers within the market.

  • Where can I find a trusted Brookings real estate expert?+

    Primpted maintains a vetted registry of Brookings agents with verified credentials, Google reviews, and neighborhood specialization. See the Featured Experts section above.

Data & Methodology

Primary data sourced via Realtor.com's RDC Inventory Core Metrics (CBSA-level), supplemented by editorial analysis and the Primpted local expert registry. Historical trends calculated on a rolling 12-month basis. Past direction is not a forecast.

As of the latest 2026 data · CBSA 15100 · 36mo history