Is Gayville, SD 57031 a buyer’s or seller’s market?
Gayville is a seller’s market. With about 3.2 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 Gayville housing market right now
In the three months ending August 31, 2026, 0% of homes in Gayville, SD 57031 sold above their list price, the typical home went under contract in 23 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 1 sale, 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 faster (63 days then) and the median sale price rose 148% to $160,930. Overall, Gayville is more competitive than a year ago, so tougher for buyers.
Within Yankton County, homes here sell less often over asking than in any other ZIP code in the county.
Nearby, Volin 57072 (50% sold over asking) and Irene 57037 (33% sold over asking) are even more competitive.
Run the numbers for 57031
Nearby markets
Irene 57037 $162 /sq ftMission Hill 57046 $117 /sq ftUtica 57067 — /sq ftVolin 57072 $94 /sq ft Browse all markets →Where Gayville is
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Questions about Gayville real estate
Is Gayville a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Gayville, SD 57031 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 Gayville?
The typical home went under contract in 23 days in the latest three months.
Do homes in Gayville sell over asking?
0% 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 Gayville?
About 1.06% of a home’s value a year in Yankton County, or roughly $4,240 on a $400,000 home.
What is the median home price in Gayville?
The median sale price was $160,930 in the three months ending August 31, 2026, about $154 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