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Is Spencer, SD 57374 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Spencer 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 list0%Share of sales, last 3 months
Median sale-to-list91.4%Sold price ÷ list price
Median days on market135Listing to accepted offer
Median price per sq ft$149

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Nearby markets

Bridgewater 57319Buyer’s market $102 /sq ftCanistota 57012Buyer’s market $199 /sq ftMonroe 57047Seller’s market $64 /sq ftMontrose 57048Seller’s market $172 /sq ft Browse all markets →

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