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Condo Foreclosures in Milbank, SD 57252

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Milbank, SD Foreclosures

Current Market Conditions in in Milbank, SD As of February 2026?
Over the past month, Milbank has seen a modest increase in housing prices by about 2%. This change is attributed to a growing interest from new residents seeking a more affordable lifestyle and tranquil surroundings. The availability of homes has remained fairly consistent, which has helped stabilize the market despite the slight uptick in prices. The trend indicates a slight shift in market dynamics as buyers become more active in this area.
How much do homes sell for in Milbank, SD?
The average home price is currently $205,983.
What’s the average rental cost in Milbank, SD?
The average rental price in Milbank is $1,163.
What is the most expensive home in Milbank?
The most expensive home sold in Milbank had a price of $759,200.
What is currently the cheapest priced home in Milbank, SD?
The cheapest home for sale in Milbank is priced at $22,146.

Living in Milbank, SD

Milbank, SD is a welcoming small town known for its community-oriented lifestyle and abundance of local amenities. Residents enjoy recreational activities around Lake Sprite and benefit from quality educational institutions. With a strong support for local businesses and various community events, Milbank provides a perfect blend of comfort and convenience for families.

Buyer vs Seller Market in Milbank, SD

The Milbank real estate market has shown stability in recent months. Prices for homes remain reasonable compared to larger metropolitan areas, making it an attractive option for first-time buyers and families looking for a peaceful environment. Inventory levels appear steady, with a good mix of both single-family homes and rental properties available.

The area is witnessing gradual growth in popularity due to its family-friendly atmosphere and lower cost of living. The demand for housing has led to some minor shifts in pricing, particularly in desirable neighborhoods.

Home Value Estimator For Milbank, SD

There are currently 1,501 real estate properties in Milbank, SD, with a median automated valuation model (AVM) price of $180,591.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Milbank, 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 Milbank, SD, is $205,983.00, with the most expensive house in Milbank, SD, topping out at $759,200.00 and the cheapest home in Milbank, SD, clocking in at $22,146.00. In other words, there’s something for every potential homebuyer or savvy investor in Milbank, SD!

Rent Prices In Milbank, SD

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Milbank, SD, is on a rollercoaster ride. The average rent price in Milbank, SD, is $1,163.00. Indeed, when looking to rent in Milbank, SD, you can expect to pay as little as $680.00 or as much as $1,840.00, with the average rent median estimated to be $1,180.00. The good news is that finding an affordable and desirable property to rent in Milbank, 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.

Milbank, SD 57252 Condos

Market Trend for Milbank, SD

Total Listings Available: 0

Market Values:

Home Prices from $22,146 to $759,200

Average Sales Price: $205,983

Rental Values:

Rental from $680 to $1,840

Average Rent Value: $1,163 / month

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