Is Ramona, SD 57054 a buyer’s or seller’s market?
Ramona 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 Ramona housing market right now
In the three months ending August 31, 2026, 0% of homes in Ramona, SD 57054 sold above their list price, the typical home went under contract in 35 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 2 sales, these figures can swing a lot from month to month.
The median sale price was $179,872, or about $110 per square foot.
Nearby, Rutland 57057 (100% sold over asking) and Madison 57042 (19% sold over asking) are even more competitive.
Run the numbers for 57054
Nearby markets
Chester 57016 — /sq ftMadison 57042Seller’s market $155 /sq ftRutland 57057 $172 /sq ftWentworth 57075Buyer’s market $287 /sq ft Browse all markets →Where Ramona is
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Questions about Ramona real estate
Is Ramona a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Ramona, SD 57054 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 Ramona?
The typical home went under contract in 35 days in the latest three months.
Do homes in Ramona sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 98.8% of the list price.
What are property taxes in Ramona?
About 1.03% of a home’s value a year in Lake County, or roughly $4,120 on a $400,000 home.
What is the median home price in Ramona?
The median sale price was $179,872 in the three months ending August 31, 2026, about $110 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