Is Monroe, SD 57047 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Monroe is a seller’s market. With about 3.2 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Months of supply3.2Under 4 months = seller’s market

Sold above original list0%Share of sales, last 3 months

Median sale-to-list76.7%Sold price ÷ list price

Median days on market16Listing to accepted offer

Median price per sq ft$64

Run the numbers for 57047

Prefilled for 57047Can I win this house?Multiple-offer likelihood for a listing Prefilled for 57047Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Bridgewater 57319Buyer’s market $102 /sq ft Canistota 57012Buyer’s market $199 /sq ft Montrose 57048Seller’s market $172 /sq ft Salem 57058Buyer’s market $132 /sq ft Browse all markets →

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