Is Big Stone City, SD 57216 a buyer’s or seller’s market?
Big Stone City is a seller’s market. With about 0.6 months of supply and 20% 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 Big Stone City housing market right now
In the three months ending August 31, 2026, 20% of homes in Big Stone City, SD 57216 sold above their list price, the typical home went under contract in 26 days and there were 0.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 5 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 (87 days then) and the median sale price fell 16% to $249,892. Overall, Big Stone City is more competitive than a year ago, so tougher for buyers.
Within Grant County, homes here sell faster than in 75% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county.
Nearby, buyers who want less competition could look at Strandburg 57265 (0% sold over asking) or Stockholm 57264 (0% sold over asking).
Run the numbers for 57216
Nearby markets
Marvin 57251 — /sq ftMilbank 57252Seller’s market $92 /sq ftRevillo 57259Seller’s market $32 /sq ftStockholm 57264 $75 /sq ft Browse all markets →Towns like Big Stone City nearby
Find towns like Big Stone City in other states →Where Big Stone City is
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Questions about Big Stone City real estate
Is Big Stone City a buyer’s or seller’s market?
A seller’s market: there were 0.6 months of supply in Big Stone City, SD 57216 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 Big Stone City?
The typical home went under contract in 26 days in the latest three months.
Do homes in Big Stone City sell over asking?
20% of homes sold above their original list price, and the typical sale closed at 93.0% of the list price.
What are property taxes in Big Stone City?
About 0.91% of a home’s value a year in Grant County, or roughly $3,640 on a $400,000 home.
What is the median home price in Big Stone City?
The median sale price was $249,892 in the three months ending August 31, 2026, about $197 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