Spearfish, SD
Monthly housing intelligence, market trends, and trusted local expertise.
As of the latest 2026 data
Median Listing
Pending Ratio
Active Inventory
Median DOM
Primary Intelligence Tool — Sold Score™
Will your home sell in today's very weak Spearfish market?
Sold Score™ analyzes 40+ local data points to estimate your home's probability of sale in the next 60 days across Spearfish, SD.
The local market currently exhibits very weak conditions, characterized by a pending ratio of 0.24. This indicates a significant imbalance where demand absorption is substantially lagging behind available supply, despite a modest month-over-month decline in median listing prices by 1.1%.
Local Market Signals
Source: FRED (St. Louis Fed)Local economic trends can influence how quickly homes sell and how much competition sellers may face.
What's moving the Spearfish market right now.
The market is currently experiencing very weak demand absorption, with the pending ratio standing at 0.24, showing a 2.0% year-over-year increase from a low base. Inventory has seen a modest year-over-year increase of 2.4% in active listings, while new listings have contracted by 7.7% over the past year. Median listing prices have continued an upward trend year-over-year, increasing by 7.1%, although they experienced a slight month-over-month contraction of 1.1%.
Market Trends
Median Price
Active Inventory
Days on Market
Sold Score™
Sold Score™ Over Time
Market liquidity index • 36 months
Price & Days on Market
Median listing vs market velocity
Inventory Dynamics
Total active listings vs new monthly supply
Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.
Market Signals & Indicators
With a very low pending ratio of 0.24, negotiating leverage is clearly shifted, as demand absorption is substantially lagging. The ample inventory levels, coupled with the slow pace of sales, suggest that price discipline is being tested. Buyers are likely to find more opportunities for negotiation and longer decision-making periods without significant pressure.
The luxury segment does not show a distinct signal of softness, as the median $/sqft saw a modest year-over-year decline of 0.4%, which is not significant enough to indicate a strong trend. The average listing price of $925,854 compared to the median of $776,225 shows a spread, but without further context on price tier movements, no distinct luxury-segment signal can be inferred from this dataset.
259 active listings represent the current floor, with new supply arriving at roughly 48 per month.
of active listings carry a price reduction, +6.3% from prior period.
Median price per square foot has moved -0.4% year-over-year.
Pending-to-active ratio — Very Weak.
Recommended For This Market
Very WeakSelling in Spearfish, SD? Buyer Demand Index is running at 24%.
Buyers have leverage in Spearfish, SD. Homes that sell are the ones priced and presented for today's conditions, not last year's.
- Buyer Demand Index
- 24%
- Median Days on Market
- 82 days
- Inventory YoY
- +2%
In a buyer's market, strategy beats timing. See how your home scores in Spearfish, SD and what moves the number.
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