Clear Lake, SD Foreclosures
Current Market Conditions in in Clear Lake, SD As of April 2026?
Over the past month, Clear Lake's real estate market has seen a slight increase in activity, with several homes receiving multiple offers as buyers are eager to acquire properties before the winter season sets in. The interest has particularly spiked for lakefront properties, indicating a trend of buyers looking for vacation homes or permanent residences that offer scenic views and access to outdoor activities.
How much do homes sell for in Clear Lake, SD?
The average home price is currently $310,652.
What’s the average rental cost in Clear Lake, SD?
The average rental price in Clear Lake is $1,053.
What is the most expensive home in Clear Lake?
The most expensive home sold in Clear Lake had a price of $1,033,985.
What is currently the cheapest priced home in Clear Lake, SD?
The cheapest home for sale in Clear Lake is priced at $57,000.
Living in Clear Lake, SD
Clear Lake, South Dakota, is a small yet vibrant community known for its picturesque landscapes and friendly atmosphere. Situated near the clear waters of Clear Lake, residents enjoy a serene environment with a blend of rural charm and modern conveniences. The area offers a range of recreational activities such as fishing, boating, and hiking, making it ideal for outdoor enthusiasts.
Buyer vs Seller Market in Clear Lake, SD
The real estate market in Clear Lake shows steady growth as more individuals seek properties away from urban centers in favor of tranquil, rural living. The demand for homes, especially those near the lake, has increased due to the area's recreational appeal and strong community spirit.
Currently, the average home price has risen moderately as buyers recognize the long-term value of investing in property in this charming locale. More newcomers are discovering Clear Lake's quiet lifestyle, which is reflected in the competitive nature of recent listings, especially for single-family homes.
Home Value Estimator For Clear Lake, SD
There are currently 743 real estate properties
in Clear Lake, SD,
with a median automated valuation model (AVM) price
of $273,977.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Clear Lake, 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 Clear Lake, SD,
is $310,652.00, with the most expensive house
in Clear Lake, SD, topping out
at $1,033,985.00 and the cheapest home
in Clear Lake, SD,
clocking in at $57,000.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Clear Lake, SD!
Rent Prices
In Clear Lake, SD
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Clear Lake, SD, is on
a rollercoaster ride. The
average rent price in Clear Lake, SD,
is $1,053.00. Indeed, when looking to rent in
Clear Lake, SD, you can expect to pay as little
as $550.00 or as much
as $1,960.00,
with the average rent median estimated to
be $970.00. The good news is that finding
an affordable and desirable property to rent in Clear Lake, 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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