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Is Flandreau, SD 57028 a buyer’s or seller’s market?

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

Flandreau is a seller’s market. With about 2.1 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.

Months of supply2.1Under 4 months = seller’s market
Sold above original list16.7%Share of sales, last 3 months
Median sale-to-list95%Sold price ÷ list price
Median days on market28Listing to accepted offer
Median price per sq ft$122▼ −1.7% vs. last year

The Flandreau housing market right now

In the three months ending August 31, 2026, 17% of homes in Flandreau, SD 57028 sold above their list price, the typical home went under contract in 28 days and there were 2.1 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 faster (59 days then) and the median sale price rose 47% to $266,885. Overall, Flandreau 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), while Colman 57017 (25% sold over asking) is even more competitive.

Run the numbers for 57028

Prefilled for 57028Can I win this house?Multiple-offer likelihood for a listing Prefilled for 57028Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Colman 57017Seller’s market $220 /sq ftEgan 57024Seller’s market $138 /sq ftTrent 57065 — /sq ft Browse all markets →

Towns like Flandreau nearby

Find towns like Flandreau in other states →
Madison, SD57042 · 25 miles away89% similarpricier homes ($34K more) · larger Luverne, MN56156 · 34 miles away89% similarpricier homes ($39K more) · larger Elkton, SD57026 · 13 miles away86% similarsmaller · younger residents Volga, SD57071 · 23 miles away81% similarpricier homes ($52K more) · younger residents

Where Flandreau is

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Questions about Flandreau real estate

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

A seller’s market: there were 2.1 months of supply in Flandreau, SD 57028 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 Flandreau?

The typical home went under contract in 28 days in the latest three months.

Do homes in Flandreau sell over asking?

17% of homes sold above their original list price, and the typical sale closed at 95.0% of the list price.

What are property taxes in Flandreau?

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 Flandreau?

The median sale price was $266,885 in the three months ending August 31, 2026, about $122 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