Market Intelligence Report — SD-580

Mitchell, SD

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

Ref. No: 2026-SD-05
Updated: May 2026
Median Listing
$320K
-2.1% YOY
Pending Ratio
0.07
+5.8% YOY
Active Inventory
56
-27.3% YOY
Median DOM
43 Days
-6.5% YOY

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Market Signals & Indicators

Supply Dynamics

56 active listings represent the current floor, with new supply arriving at roughly 28 per month.

Pricing Pressure
21.1%

of active listings carry a price reduction, +6.1% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved +0.7% year-over-year.

Absorption
0.07

Pending-to-active ratio — supply and demand dynamics are mixed.

Metro Demographics

Metro Area
Mitchell, SD
CBSA Code
33580
State
SD
Analysis FAQ
  • What is the current market condition in Mitchell?+

    As of May 2026, the Mitchell metro is classified as Stabilizing. Pending ratio is 0.07 with median days on market at 43.

  • Are home prices dropping in Mitchell?+

    Median listing price is $320K, -2.1% year over year. 21.1% of active listings carry a price reduction.

  • How fast are homes selling in Mitchell?+

    The typical listing sits 43 days on market, a -6.5% change YoY. New listings are arriving at 28 per month.

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

    Primpted maintains a vetted registry of Mitchell 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.

Vintage: May 2026 · CBSA 33580 · 2mo history