Is Valley Springs, SD 57068 a buyer’s or seller’s market?
Valley Springs is a balanced market. With about 4.8 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Valley Springs housing market right now
In the three months ending August 31, 2026, 0% of homes in Valley Springs, SD 57068 sold above their list price, the typical home went under contract in 29 days and there were 4.8 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is 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 fell from 25%, homes sold faster (93 days then) and the median sale price rose 24% to $458,801. Overall, Valley Springs is less competitive than a year ago, which gives buyers more room.
Within Minnehaha County, homes here sell faster than in 57% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Dell Rapids 57022 (54% sold over asking) and Colton 57018 (40% sold over asking) are even more competitive.
Run the numbers for 57068
Nearby markets
Baltic 57003Seller’s market $194 /sq ftBrandon 57005Seller’s market $189 /sq ftColton 57018 $146 /sq ftCrooks 57020Balanced $169 /sq ft Browse all markets →Towns like Valley Springs nearby
Find towns like Valley Springs in other states →Where Valley Springs is
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Questions about Valley Springs real estate
Is Valley Springs a buyer’s or seller’s market?
A balanced market: there were 4.8 months of supply in Valley Springs, SD 57068 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 Valley Springs?
The typical home went under contract in 29 days in the latest three months.
Do homes in Valley Springs sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 99.4% of the list price.
What are property taxes in Valley Springs?
About 1.14% of a home’s value a year in Minnehaha County, or roughly $4,560 on a $400,000 home.
What is the median home price in Valley Springs?
The median sale price was $458,801 in the three months ending August 31, 2026, about $172 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