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.
Spearfish, SD exhibits very weak market conditions, characterized by a pending ratio of 0.17, indicating significantly more supply than demand. This metric positions the market firmly in the lowest demand absorption category, consistent with a substantial inventory of 287 active listings. Despite a modest increase in the median listing price year-over-year at 0.8%, demand remains severely subdued.
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 currently faces an imbalance of supply relative to demand, with active listings increasing by 18.6% over the past year. New listings also rose by 13.3% year-over-year, contributing to the expanding inventory. The pending ratio has declined by 9.8% over the past year, reflecting diminished demand absorption. Median days on market have extended to 81, a 6.6% increase year-over-year, further illustrating slower market activity. The median listing price saw a slight year-over-year increase of 0.8%, even as the market cools.
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 pending ratio of 0.17 and active listings up 18.6% year-over-year, properties are spending a longer duration on the market, currently 81 days. The current inventory levels exert significant pressure on pricing and transaction pace. This environment necessitates greater price discipline from sellers to facilitate absorption, indicating less urgency for buyers.
No distinct luxury-segment signal in this dataset.
287 active listings represent the current floor, with new supply arriving at roughly 68 per month.
of active listings carry a price reduction, -0.1% from prior period.
Median price per square foot has moved -1.4% year-over-year.
Pending-to-active ratio — Very Weak.
Recommended For This Market
Very WeakSelling in Spearfish, SD? Homes here are taking 5 days longer to sell than last year.
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
- 17%
- Median Days on Market
- 81 days
- Inventory YoY
- +19%
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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