Is Alcester, SD 57001 a buyer’s or seller’s market?
Alcester is a seller’s market. With about 1.1 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Alcester housing market right now
In the three months ending August 31, 2026, 0% of homes in Alcester, SD 57001 sold above their list price, the typical home went under contract in 35 days and there were 1.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 3 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 25%, homes sold more slowly (4 days then) and the median sale price held steady to $199,913. Overall, Alcester is less competitive than a year ago, which gives buyers more room.
Nearby, Jefferson 57038 (17% sold over asking) and North Sioux City 57049 (13% sold over asking) are even more competitive.
Run the numbers for 57001
Nearby markets
Elk Point 57025Buyer’s market $179 /sq ftJefferson 57038Seller’s market $185 /sq ftNorth Sioux City 57049Balanced $174 /sq ft Browse all markets →Towns like Alcester nearby
Find towns like Alcester in other states →Where Alcester is
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Questions about Alcester real estate
Is Alcester a buyer’s or seller’s market?
A seller’s market: there were 1.1 months of supply in Alcester, SD 57001 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Alcester?
The typical home went under contract in 35 days in the latest three months.
Do homes in Alcester sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 95.8% of the list price.
What are property taxes in Alcester?
About 1.10% of a home’s value a year in Union County, or roughly $4,400 on a $400,000 home.
What is the median home price in Alcester?
The median sale price was $199,913 in the three months ending August 31, 2026, about $166 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology