Pierre, SD metro area Housing Market
Cold MarketComprehensive housing market data for the Pierre, SD metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.
Data period: March 2026
Median Sale Price
$230K
↓ 7.4% YoY
Days on Market
111 days
↑ 94.7% YoY
Active Inventory
55
↑ 77.4% YoY
Homes Sold
11
↓ 38.9% YoY
Cold Market
Inventory is high and homes are sitting longer — a buyer's market.
Pierre, SD metro area Market Summary
The Pierre, SD metro area housing market is cooling down. As of March 2026, the median home sale price is $230K, down 7.4% year-over-year. Homes are spending a median of 111 days on the market, 94.7% longer than a year ago.
There are 55 homes for sale — 77.4% more than last year. With 5.0 months of supply, this is a balanced market. 35 new listings were added during this period, up 118.8% year-over-year.
Homes are selling for 95.2% of their list price on average, suggesting room for negotiation. 0.0% of homes sell above their asking price. 27.3% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
86
Contributing Factors
How This Market Compares
vs. National Median
vs. South Dakota Median
Investor Takeaway
The cooling market may present buying opportunities with less competition and more negotiating leverage. A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals. Prices are 47% below the national median, which could indicate stronger cash flow potential.
Pierre, SD metro area Market Trends
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Detailed Market Metrics
Median List Price
$315K
Price per Sq Ft
$145
Sale-to-List Ratio
95.2%
Months of Supply
5.0
Sold Above List
0.0%
Price Drops
27.3%
New Listings
35
↑ 118.8% YoY
Pending Sales
26
Off Market in 2 Weeks
50.0%
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Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.