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Is Wakonda, SD 57073 a buyer’s or seller’s market?

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

Wakonda 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.

Months of supply3.2Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list92.9%Sold price ÷ list price
Median days on market4Listing to accepted offer
Median price per sq ft$237▲ +552.7% vs. last year

The Wakonda housing market right now

In the three months ending August 31, 2026, 0% of homes in Wakonda, SD 57073 sold above their list price, the typical home went under contract in 4 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 (87 days then) and the median sale price rose 798% to $538,517. Overall, Wakonda is more competitive than a year ago, so tougher for buyers.

Nearby, Vermillion 57069 (5% sold over asking) is even more competitive.

Run the numbers for 57073

Prefilled for 57073Can I win this house?Multiple-offer likelihood for a listing Prefilled for 57073Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Burbank 57010Seller’s market $204 /sq ftVermillion 57069Balanced $142 /sq ft Browse all markets →

Where Wakonda is

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Questions about Wakonda real estate

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

A seller’s market: there were 3.2 months of supply in Wakonda, SD 57073 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 Wakonda?

The typical home went under contract in 4 days in the latest three months.

Do homes in Wakonda sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 92.9% of the list price.

What are property taxes in Wakonda?

About 1.26% of a home’s value a year in Clay County, or roughly $5,040 on a $400,000 home.

What is the median home price in Wakonda?

The median sale price was $538,517 in the three months ending August 31, 2026, about $237 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