Is Baltic, SD 57003 a buyer’s or seller’s market?
Baltic is a seller’s market. With about 3.7 months of supply and 17% 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 Baltic housing market right now
In the three months ending August 31, 2026, 17% of homes in Baltic, SD 57003 sold above their list price, the typical home went under contract in 63 days and there were 3.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 6 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold more slowly (40 days then) and the median sale price rose 16% to $472,296. Overall, Baltic is more competitive than a year ago, so tougher for buyers.
Within Minnehaha County, homes here sell more slowly than in 86% of the county’s ZIP codes, and sell less often over asking than in 71%.
Nearby, buyers who want less competition could look at Valley Springs 57068 (0% sold over asking) or Garretson 57030 (0% sold over asking), while Dell Rapids 57022 (54% sold over asking) and Colton 57018 (40% sold over asking) are even more competitive.
Run the numbers for 57003
Nearby markets
Brandon 57005Seller’s market $189 /sq ftColton 57018 $146 /sq ftCrooks 57020Balanced $169 /sq ftDell Rapids 57022Seller’s market $192 /sq ft Browse all markets →Towns like Baltic nearby
Find towns like Baltic in other states →Where Baltic is
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Questions about Baltic real estate
Is Baltic a buyer’s or seller’s market?
A seller’s market: there were 3.7 months of supply in Baltic, SD 57003 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 Baltic?
The typical home went under contract in 63 days in the latest three months.
Do homes in Baltic sell over asking?
17% of homes sold above their original list price, and the typical sale closed at 98.7% of the list price.
What are property taxes in Baltic?
About 1.14% of a home’s value a year in Minnehaha County, or roughly $4,560 on a $400,000 home.
What is the median home price in Baltic?
The median sale price was $472,296 in the three months ending August 31, 2026, about $194 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