Is Florence, SD 57235 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Florence 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 list—Share of sales, last 3 months

Median sale-to-list—Sold price ÷ list price

Median days on market—Listing to accepted offer

Median price per sq ft—

The Florence housing market right now

There haven’t been enough recent sales here for a detailed summary yet.

About the area

Codington County, SD

Population	774
Median income	$83,462
Average income	$96,067
Median home value	$231,100
Median rent	$822/month
Owner-occupied	94% of homes
Median year built	1978

Natural hazard riskWinter storms (very high), tornadoes (relatively 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 57235; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 57235

Prefilled for 57235Can I win this house?Multiple-offer likelihood for a listing Prefilled for 57235Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Henry 57243Balanced $108 /sq ft South Shore 57263 — /sq ft Wallace 57272 $58 /sq ft Watertown 57201Seller’s market $144 /sq ft Browse all markets →

Where Florence is

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Questions about Florence real estate

What are property taxes in Florence?

About 0.97% of a home’s value a year in Codington County, or roughly $3,880 on a $400,000 home.

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More tools for 57235

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 Codington County property taxes Codington County loan limits Closing costs in South Dakota Hottest ZIP codes in South Dakota

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