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Foreclosure Homes in Spearfish, SD

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Spearfish, SD Foreclosures

Current Market Conditions in in Spearfish, SD As of April 2026?
In the last month, Spearfish has seen a modest increase in housing prices, attributed to ongoing demand and limited inventory. The competitive market conditions have motivated buyers to act quickly, leading to several properties going under contract shortly after listing. The trend indicates a stable market where buyers are willing to invest in homes that offer access to outdoor activities and community engagement.
How much do homes sell for in Spearfish, SD?
The average home price is currently $468,383.
In Spearfish, SD, how many homes are available?
There are currently 19 active home listings available in Spearfish.
What’s the average rental cost in Spearfish, SD?
The average rental price in Spearfish is $1,359.
What is the most expensive home in Spearfish?
The most expensive home sold in Spearfish had a price of $3,514,904.
What is currently the cheapest priced home in Spearfish, SD?
The cheapest home for sale in Spearfish is priced at $27,673.

Living in Spearfish, SD

Spearfish, SD is a picturesque city in the Black Hills known for its outdoor recreational activities and vibrant community. With charming downtown shops and a rich cultural scene, it’s an ideal place for families and nature enthusiasts alike. The city features quality education options and a friendly, welcoming atmosphere.

Buyer vs Seller Market in Spearfish, SD

Spearfish is currently experiencing a steady real estate market, with demand for homes remaining strong. The area has seen a slight increase in home prices over the past year due to limited inventory and a growing interest from homebuyers seeking scenic locations and outdoor amenities. The market remains competitive, especially for well-maintained properties close to nature and local amenities.

New developments and housing projects in the area are being initiated to accommodate the rising population and demand for housing, particularly among young professionals and families moving to the region.

Home Value Estimator For Spearfish, SD

There are currently 6,374 real estate properties in Spearfish, SD, with a median automated valuation model (AVM) price of $416,749.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Spearfish, 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 Spearfish, SD, is $468,383.00, with the most expensive house in Spearfish, SD, topping out at $3,514,904.00 and the cheapest home in Spearfish, SD, clocking in at $27,673.00. In other words, there’s something for every potential homebuyer or savvy investor in Spearfish, SD!

Rent Prices In Spearfish, SD

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Spearfish, SD, is on a rollercoaster ride. The average rent price in Spearfish, SD, is $1,359.00. Indeed, when looking to rent in Spearfish, SD, you can expect to pay as little as $540.00 or as much as $2,020.00, with the average rent median estimated to be $1,350.00. The good news is that finding an affordable and desirable property to rent in Spearfish, 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.

Spearfish, SD Foreclosures


Market Trend for Spearfish, SD

Total Listings Available: 19

Market Values:

Home Prices from $27,673 to $3,514,904

Average Sales Price: $468,383

Rental Values:

Rental from $540 to $2,020

Average Rent Value: $1,359 / month

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