Brookings, SD Foreclosures
How much do homes sell for in Brookings, SD?
The average home price is currently $327,786.
In Brookings, SD, how many homes are available?
There are currently 11 active home listings available in Brookings.
What’s the average rental cost in Brookings, SD?
The average rental price in Brookings is $1,231.
What is the most expensive home in Brookings?
The most expensive home sold in Brookings had a price of $7,720,600.
What is currently the cheapest priced home in Brookings, SD?
The cheapest home for sale in Brookings is priced at $27,300.
Living in Brookings, SD
Brookings, SD, is a lively city with a rich sense of community and robust local culture. It's known for its scenic parks, high-quality education options, and a variety of recreational activities. Residents enjoy a comfortable lifestyle with access to essential amenities and community events throughout the year.
Current Market Conditions in Brookings, SD
Brookings, SD, has a stable real estate market that has shown gradual growth over the past few quarters. The demand for housing remains high due to the influx of students and families, resulting in a balanced market with a mix of buyers and sellers. The city's appeal is supported by its excellent schools, community events, and overall quality of life.
Home prices in Brookings have increased moderately, reflecting a healthy appreciation trend. As the university continues to thrive, so does the rental market, which calls for both single-family homes and student-friendly apartments. Investors are taking interest in the area, anticipating that continued growth is on the horizon.
Home Value Estimator For Brookings, SD
There are currently 6,866 real estate properties
in Brookings, SD,
with a median automated valuation model (AVM) price
of $293,063.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Brookings, SD, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Brookings, SD,
is $327,786.00, with the most expensive house
in Brookings, SD, topping out
at $7,720,600.00 and the cheapest home
in Brookings, SD,
clocking in at $27,300.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Brookings, SD!
Rent Prices
In Brookings, SD
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Brookings, SD, is on
a rollercoaster ride. The
average rent price in Brookings, SD,
is $1,231.00. Indeed, when looking to rent in
Brookings, SD, you can expect to pay as little
as $600.00 or as much
as $2,710.00,
with the average rent median estimated to
be $1,210.00. The good news is that finding
an affordable and desirable property to rent in Brookings, SD
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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