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Is Irene, SD 57037 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Irene is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply—Under 4 months = seller’s market
Sold above original list33.3%Share of sales, last 3 months
Median sale-to-list94.2%Sold price ÷ list price
Median days on market22Listing to accepted offer
Median price per sq ft$162▲ +48.8% vs. last year

The Irene housing market right now

In the three months ending August 31, 2026, 33% of homes in Irene, SD 57037 sold above their list price and the typical home went under contract in 22 days. With only 3 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (27 days then) and the median sale price rose 186% to $379,106. Overall, Irene is more competitive than a year ago, so tougher for buyers.

Within Yankton County, homes here sell more often over asking than in 75% of the county’s ZIP codes.

Nearby, buyers who want less competition could look at Mission Hill 57046 (0% sold over asking) or Gayville 57031 (0% sold over asking), while Volin 57072 (50% sold over asking) is even more competitive.

Run the numbers for 57037

Prefilled for 57037Can I win this house?Multiple-offer likelihood for a listing Prefilled for 57037Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Gayville 57031Seller’s market $154 /sq ftMission Hill 57046 $117 /sq ftUtica 57067 — /sq ftVolin 57072 $94 /sq ft Browse all markets →

Where Irene is

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Questions about Irene real estate

How fast do homes sell in Irene?

The typical home went under contract in 22 days in the latest three months.

Do homes in Irene sell over asking?

33% of homes sold above their original list price, and the typical sale closed at 94.2% of the list price.

What are property taxes in Irene?

About 1.06% of a home’s value a year in Yankton County, or roughly $4,240 on a $400,000 home.

What is the median home price in Irene?

The median sale price was $379,106 in the three months ending August 31, 2026, about $162 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology