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Is Scotland, SD 57059 a buyer’s or seller’s market?

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

Scotland is a buyer’s market. With about 6.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply6.4Under 4 months = seller’s market
Sold above original list50%Share of sales, last 3 months
Median sale-to-list82.7%Sold price ÷ list price
Median days on market5Listing to accepted offer
Median price per sq ft$60▼ −23.2% vs. last year

The Scotland housing market right now

In the three months ending August 31, 2026, 50% of homes in Scotland, SD 57059 sold above their list price, the typical home went under contract in 5 days and there were 6.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 2 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 (26 days then) and the median sale price fell 55% to $90,961. Overall, Scotland is more competitive than a year ago, so tougher for buyers.

Within Bon Homme County, homes here sell faster than in any other ZIP code in the county, and sell more often over asking than in 75%.

Nearby, buyers who want less competition could look at Avon 57315 (0% sold over asking) or Tabor 57063 (0% sold over asking).

Run the numbers for 57059

Prefilled for 57059Can I win this house?Multiple-offer likelihood for a listing Prefilled for 57059Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Avon 57315Seller’s market $157 /sq ftSpringfield 57062Seller’s market $110 /sq ftTabor 57063Seller’s market $203 /sq ftTyndall 57066Seller’s market $119 /sq ft Browse all markets →

Towns like Scotland nearby

Find towns like Scotland in other states →
Menno, SD57045 · 11 miles away79% similarVery close on income, prices and more Ethan, SD57334 · 32 miles away79% similarpricier homes ($85K more) · 7 min longer commute Bloomfield, NE68718 · 36 miles away78% similarolder residents Marion, SD57043 · 31 miles away77% similarpricier homes ($100K more) · older residents

Where Scotland is

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Questions about Scotland real estate

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

A buyer’s market: there were 6.4 months of supply in Scotland, SD 57059 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 Scotland?

The typical home went under contract in 5 days in the latest three months.

Do homes in Scotland sell over asking?

50% of homes sold above their original list price, and the typical sale closed at 82.7% of the list price.

What are property taxes in Scotland?

About 1.27% of a home’s value a year in Bon Homme County, or roughly $5,080 on a $400,000 home.

What is the median home price in Scotland?

The median sale price was $90,961 in the three months ending August 31, 2026, about $60 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