Hot Springs, SD Foreclosures
How much do homes sell for in Hot Springs, SD?
The average home price is currently $318,698.
In Hot Springs, SD, how many homes are available?
There are currently 4 active home listings available in Hot Springs.
What’s the average rental cost in Hot Springs, SD?
The average rental price in Hot Springs is $1,217.
What is the most expensive home in Hot Springs?
The most expensive home sold in Hot Springs had a price of $2,048,800.
What is currently the cheapest priced home in Hot Springs, SD?
The cheapest home for sale in Hot Springs is priced at $20,375.
Living in Hot Springs, SD
Hot Springs is a charming town located in the scenic Southern Black Hills of South Dakota, known for its historic significance and natural beauty. The town offers a relaxed lifestyle with easy access to outdoor activities such as hiking, fishing, and hot mineral springs. Its friendly community vibe makes it an inviting place for families and retirees alike.
Current Market Conditions in Hot Springs, SD
The real estate market in Hot Springs, SD, has shown stability with a growing demand for single-family homes, especially as more people look to relocate to quieter areas that offer a rich nature experience and lower cost of living compared to larger cities. The inventory of homes remains limited, but interest continues to grow, particularly among those seeking vacation properties or retirement options. This has led to gradual price increases, reflecting the desirability of the location and its amenities.
Recent trends indicate an uptick in buyer interest, especially from non-residents looking for a secondary home to enjoy the local hot springs and the Black Hills. As remote work becomes more common, potential homebuyers are increasingly considering locations like Hot Springs, which offer both rural charm and modern conveniences.
Home Value Estimator For Hot Springs, SD
There are currently 1,961 real estate properties
in Hot Springs, SD,
with a median automated valuation model (AVM) price
of $281,460.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Hot Springs, 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 Hot Springs, SD,
is $318,698.00, with the most expensive house
in Hot Springs, SD, topping out
at $2,048,800.00 and the cheapest home
in Hot Springs, SD,
clocking in at $20,375.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Hot Springs, SD!
Rent Prices
In Hot Springs, SD
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Hot Springs, SD, is on
a rollercoaster ride. The
average rent price in Hot Springs, SD,
is $1,217.00. Indeed, when looking to rent in
Hot Springs, SD, you can expect to pay as little
as $680.00 or as much
as $2,220.00,
with the average rent median estimated to
be $1,130.00. The good news is that finding
an affordable and desirable property to rent in Hot Springs, 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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