Market Intelligence Report — SD-180

Pierre, SD

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

Ref. No: 2026-SD-09
As of the latest 2026 data
Very Weak

Median Listing

$325K
-3.6% YoY

Pending Ratio

0.20
-27.4% YoY

Active Inventory

68
+83.8% YoY

Median DOM

68 Days
+45.7% YoY

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The Pierre, SD housing market is characterized by a "Very Weak" condition, primarily driven by a low pending ratio of 0.20, which has declined by 27.4% over the past year. This indicates severe absorption challenges relative to available inventory.

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 Pierre market right now.

Inventory levels have seen substantial growth, with active listings increasing by 83.8% year-over-year to 68 units. Concurrently, the median listing price has experienced a year-over-year decline of 3.6%, and the average listing price has fallen by 7.3%. This suggests a market where supply is significantly outpacing demand absorption, contributing to longer marketing periods as evidenced by a 45.7% year-over-year increase in median days on market.

Historical Analysis

Market Trends

Median Price

$325K-1.5% MoM

Active Inventory

68+83.8% YoY

Days on Market

68+45.7% YoY

Sold Score™

35-27.4% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

35
Oct 23Sep 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Oct 23Sep 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Oct 23May 24Dec 24Jul 25Feb 26Sep 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

With a pending ratio of 0.20 and a substantial increase in active listings, properties are remaining on the market for extended durations. This environment places increased pressure on price discipline for sellers, as elevated inventory levels and slower absorption rates necessitate more competitive pricing strategies to attract demand. The limited pace of pending transactions suggests reduced urgency among prospective buyers.

Luxury Segment

No distinct luxury-segment signal in this dataset.

Supply Dynamics

68 active listings represent the current floor, with new supply arriving at roughly 18 per month.

Pricing Pressure
16.5%

of active listings carry a price reduction, +0.9% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved -3.3% year-over-year.

Absorption
0.20

Pending-to-active ratio — Very Weak.

Recommended For This Market

Very Weak

Selling in Pierre, SD? Homes here are taking 21 days longer to sell than last year.

Buyers have leverage in Pierre, SD. Homes that sell are the ones priced and presented for today's conditions, not last year's.

Buyer Demand Index
20%
Median Days on Market
68 days
Inventory YoY
+84%

In a buyer's market, strategy beats timing. See how your home scores in Pierre, SD and what moves the number.

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Metro Demographics

Metro Area
Pierre, SD
CBSA Code
38180
State
SD

ZIPs in Pierre, SD

Sorted by active inventory · click a ZIP for its full report