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Rent To Own Homes in Tea, SD

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Tea, SD Foreclosures

Current Market Conditions in in Tea, SD As of January 2026?
In the past month, the housing market in Tea has shown signs of continued strength, with an uptick in home sales as interest rates stabilize. More buyers are entering the market trying to lock in favorable mortgage terms, and homes are being sold above asking price on average. The community remains attractive due to its excellent schools and surrounding amenities, which are enticing for families.
How much do homes sell for in Tea, SD?
The average home price is currently $423,762.
In Tea, SD, how many homes are available?
There are currently 1 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 $1,962,600.
What is currently the cheapest priced home in Tea, SD?
The cheapest home for sale in Tea is priced at $86,277.

Living in Tea, SD

Tea, SD is a charming small town known for its friendly community and excellent quality of life. It offers residents convenient access to Sioux Falls while maintaining a peaceful, suburban feel. With a range of schools, parks, and amenities, it's perfect for families and professionals.

Buyer vs Seller Market in Tea, SD

The real estate market in Tea is currently experiencing significant growth, driven by the increasing demand for housing as more people move away from urban centers in search of affordable options. Homes in the area are selling quickly, with many properties receiving multiple offers, reflecting a buyer's market.

The average home price in Tea has increased steadily over the past year, reinforcing its appeal as a suburban haven. Many buyers are attracted to the quality schools, parks, and community events, contributing to a robust market.

Home Value Estimator For Tea, SD

There are currently 2,318 real estate properties in Tea, SD, with a median automated valuation model (AVM) price of $384,284.00. 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 $423,762.00, with the most expensive house in Tea, SD, topping out at $1,962,600.00 and the cheapest home in Tea, SD, clocking in at $86,277.00. 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 Rent To Own Homes

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