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Is Brookings, SD 57006 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Brookings is a seller’s market. With about 2.3 months of supply and 45% 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.

Months of supply2.3Under 4 months = seller’s market
Sold above original list45.4%Share of sales, last 3 months
Median sale-to-list100.8%Sold price ÷ list price
Median days on market10Listing to accepted offer
Median price per sq ft$155▲ +2.0% vs. last year

The Brookings housing market right now

In the three months ending August 31, 2026, 45% of homes in Brookings, SD 57006 sold above their list price, the typical home went under contract in 10 days and there were 2.3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 11 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 24%, homes sold faster (24 days then) and the median sale price rose 2% to $347,849. Overall, Brookings is more competitive than a year ago, so tougher for buyers.

Run the numbers for 57006

Prefilled for 57006Can I win this house?Multiple-offer likelihood for a listing Prefilled for 57006Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Aurora 57002 — /sq ftBruce 57220 — /sq ftElkton 57026Seller’s market $130 /sq ftVolga 57071 — /sq ft Browse all markets →

Towns like Brookings nearby

Find towns like Brookings in other states →
Volga, SD57071 · 7 miles away60% similarcheaper homes ($28K less) · smaller Madison, SD57042 · 26 miles away54% similarcheaper homes ($46K less) · smaller Flandreau, SD57028 · 19 miles away44% similarcheaper homes ($80K less) · smaller Aurora, SD57002 · 5 miles away31% similarhigher income ($27K more) · cheaper homes ($30K less)

Where Brookings is

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Questions about Brookings real estate

Is Brookings a buyer’s or seller’s market?

A seller’s market: there were 2.3 months of supply in Brookings, SD 57006 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 Brookings?

The typical home went under contract in 10 days in the latest three months.

Do homes in Brookings sell over asking?

45% of homes sold above their original list price, and the typical sale closed at 100.8% of the list price.

What are property taxes in Brookings?

About 1.13% of a home’s value a year in Brookings County, or roughly $4,520 on a $400,000 home.

What is the median home price in Brookings?

The median sale price was $347,849 in the three months ending August 31, 2026, about $155 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