Is Freeman, SD 57029 a buyer’s or seller’s market?
Freeman is a seller’s market. With about 2 months of supply and 0% 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 Freeman housing market right now
In the three months ending August 31, 2026, 0% of homes in Freeman, SD 57029 sold above their list price, the typical home went under contract in 43 days and there were 2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 8 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (28 days then) and the median sale price held steady to $234,898. Overall, Freeman is less competitive than a year ago, which gives buyers more room.
Nearby, Parkston 57366 (50% sold over asking) is even more competitive.
Run the numbers for 57029
Nearby markets
Dimock 57331 — /sq ftMenno 57045Seller’s market $108 /sq ftParkston 57366Balanced $104 /sq ftTripp 57376Buyer’s market $61 /sq ft Browse all markets →Towns like Freeman nearby
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Questions about Freeman real estate
Is Freeman a buyer’s or seller’s market?
A seller’s market: there were 2 months of supply in Freeman, SD 57029 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 Freeman?
The typical home went under contract in 43 days in the latest three months.
Do homes in Freeman sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 95.6% of the list price.
What are property taxes in Freeman?
About 1.15% of a home’s value a year in Hutchinson County, or roughly $4,600 on a $400,000 home.
What is the median home price in Freeman?
The median sale price was $234,898 in the three months ending August 31, 2026, about $107 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