Is Rutland, SD 57057 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Rutland is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply—Under 4 months = seller’s market

Sold above original list99.9%Share of sales, last 3 months

Median sale-to-list107.7%Sold price ÷ list price

Median days on market7Listing to accepted offer

Median price per sq ft$172

The Rutland housing market right now

In the three months ending August 31, 2026, 100% of homes in Rutland, SD 57057 sold above their list price and the typical home went under contract in 7 days. With only 1 sale, these figures can swing a lot from month to month.

The median sale price was $279,879, or about $172 per square foot.

Nearby, buyers who want less competition could look at Wentworth 57075 (0% sold over asking) or Ramona 57054 (0% sold over asking).

About the area

Lake County, SD

Population	196
Median income	$71,500
Average income	$81,984
Median home value	$266,700
Owner-occupied	100% of homes
Median year built	1938

Natural hazard riskTornadoes (very high), winter storms (very high), hail (relatively high)

Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates (household income; home value as estimated by owners), ZIP code tabulation area 57057; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 57057

Prefilled for 57057Can I win this house?Multiple-offer likelihood for a listing Prefilled for 57057Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Chester 57016 — /sq ft Madison 57042Seller’s market $155 /sq ft Ramona 57054Seller’s market $110 /sq ft Wentworth 57075Buyer’s market $287 /sq ft Browse all markets →

Where Rutland is

Loading map…

Questions about Rutland real estate

How fast do homes sell in Rutland?

The typical home went under contract in 7 days in the latest three months.

Do homes in Rutland sell over asking?

100% of homes sold above their original list price, and the typical sale closed at 107.7% of the list price.

What are property taxes in Rutland?

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 Rutland?

The median sale price was $279,879 in the three months ending August 31, 2026, about $172 per square foot.

Local agents

See all agents in 57057 →

No sponsored agents in 57057 yet. Are you an agent here? Put your name in front of local buyers.

Save this ZIP (free account)

More tools for 57057

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value Lake County property taxes Lake County loan limits Closing costs in South Dakota Hottest ZIP codes in South Dakota

Add this to your website

Free to use. Paste this code where you want the live widget to appear. It updates automatically. More widgets

JavaScript (recommended) iframe only

<div class="offerbacked-widget" data-widget="zip" data-zip="57057"><a href="https://offerbacked.com/market/57057">Rutland, SD 57057 housing market data from OfferBacked</a></div>
<script async src="https://offerbacked.com/widget.js"></script>

Sizes itself to fit. If your site builder removes scripts, use “iframe only”.

Preview Dark version

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology