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Short Sale Listings in Tea, SD 57064

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Tea, SD Foreclosures

How much do homes sell for in Tea, SD?
The average home price is currently $426,277.
In Tea, SD, how many homes are available?
There are currently 7 active home listings available in Tea.
What’s the average rental cost in Tea, SD?
The average rental price in Tea is $1,227.
What is the most expensive home in Tea?
The most expensive home sold in Tea had a price of $1,960,800.
What is currently the cheapest priced home in Tea, SD?
The cheapest home for sale in Tea is priced at $96,458.

Living in Tea, SD

Tea, South Dakota, offers a welcoming environment with beautiful parks, excellent schools, and a strong sense of community. The town balances small-town charm with close proximity to Sioux Falls, making it ideal for families looking for a quiet place to live while enjoying city amenities. Outdoor recreation and local businesses thrive in this rapidly growing area.

Current Market Conditions in Tea, SD

The real estate market in Tea is currently experiencing significant growth due to its appeal as a suburban community close to Sioux Falls. Home prices have steadily increased, driven by a high demand for housing, particularly among families seeking quality education and community amenities.

There is a healthy supply of homes for sale, and properties are generally selling faster than in previous years. The popularity of the area has attracted developers, leading to new constructions and a variety of housing options, from single-family homes to townhouses.

Home Value Estimator For Tea, SD

There are currently 2,116 real estate properties in Tea, SD, with a median automated valuation model (AVM) price of $386,205.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Tea, 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 Tea, SD, is $426,277.00, with the most expensive house in Tea, SD, topping out at $1,960,800.00 and the cheapest home in Tea, SD, clocking in at $96,458.00. In other words, there’s something for every potential homebuyer or savvy investor in Tea, SD!

Rent Prices In Tea, SD

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Tea, SD, is on a rollercoaster ride. The average rent price in Tea, SD, is $1,227.00. Indeed, when looking to rent in Tea, SD, you can expect to pay as little as $840.00 or as much as $2,160.00, with the average rent median estimated to be $1,100.00. The good news is that finding an affordable and desirable property to rent in Tea, 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.

Tea, SD 57064 Short Sale Listings


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