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Is Colman, SD 57017 a buyer’s or seller’s market?

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

Colman is a seller’s market. With about 1.6 months of supply and 25% 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 supply1.6Under 4 months = seller’s market
Sold above original list25%Share of sales, last 3 months
Median sale-to-list101%Sold price ÷ list price
Median days on market42Listing to accepted offer
Median price per sq ft$220▲ +61.0% vs. last year

The Colman housing market right now

In the three months ending August 31, 2026, 25% of homes in Colman, SD 57017 sold above their list price, the typical home went under contract in 42 days and there were 1.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 4 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 (6 days then) and the median sale price rose 236% to $463,300. Overall, Colman is more competitive than a year ago, so tougher for buyers.

Nearby, buyers who want less competition could look at Egan 57024 (0% sold over asking) or Flandreau 57028 (17% sold over asking).

Run the numbers for 57017

Prefilled for 57017Can I win this house?Multiple-offer likelihood for a listing Prefilled for 57017Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Egan 57024Seller’s market $138 /sq ftFlandreau 57028Seller’s market $122 /sq ftTrent 57065 — /sq ft Browse all markets →

Towns like Colman nearby

Find towns like Colman in other states →
Arlington, SD57212 · 31 miles away90% similarcheaper homes ($45K less) · older residents Colton, SD57018 · 13 miles away86% similarcheaper homes ($31K less) Humboldt, SD57035 · 27 miles away86% similarpricier homes ($43K more) · younger residents Dell Rapids, SD57022 · 10 miles away83% similarpricier homes ($42K more) · larger

Where Colman is

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Questions about Colman real estate

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

A seller’s market: there were 1.6 months of supply in Colman, SD 57017 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 Colman?

The typical home went under contract in 42 days in the latest three months.

Do homes in Colman sell over asking?

25% of homes sold above their original list price, and the typical sale closed at 101.0% of the list price.

What are property taxes in Colman?

About 1.10% of a home’s value a year in Moody County, or roughly $4,400 on a $400,000 home.

What is the median home price in Colman?

The median sale price was $463,300 in the three months ending August 31, 2026, about $220 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