Is Dell Rapids, SD 57022 a buyer’s or seller’s market?
Dell Rapids is a seller’s market. With about 2.7 months of supply and 54% 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.
More competitive than 92% of U.S. ZIP codes, and #1 of 34 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending July 31, 2026. See the breakdown
The Dell Rapids housing market right now
In the three months ending August 31, 2026, 54% of homes in Dell Rapids, SD 57022 sold above their list price, the typical home went under contract in 10 days and there were 2.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 13 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 18%, homes sold faster (47 days then) and the median sale price fell 16% to $304,868. Overall, Dell Rapids is more competitive than a year ago, so tougher for buyers.
Within Minnehaha County, homes here sell faster, and more often over asking, than in any other ZIP code in the county.
Nearby, buyers who want less competition could look at Valley Springs 57068 (0% sold over asking) or Garretson 57030 (0% sold over asking).
Run the numbers for 57022
Nearby markets
Baltic 57003Seller’s market $194 /sq ftBrandon 57005Seller’s market $189 /sq ftColton 57018 $146 /sq ftCrooks 57020Balanced $169 /sq ft Browse all markets →Towns like Dell Rapids nearby
Find towns like Dell Rapids in other states →Where Dell Rapids is
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Questions about Dell Rapids real estate
Is Dell Rapids a buyer’s or seller’s market?
A seller’s market: there were 2.7 months of supply in Dell Rapids, SD 57022 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 Dell Rapids?
The typical home went under contract in 10 days in the latest three months.
Do homes in Dell Rapids sell over asking?
54% 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 Dell Rapids?
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 Dell Rapids?
The median sale price was $304,868 in the three months ending August 31, 2026, about $192 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