Is Henry, SD 57243 a buyer’s or seller’s market?
Henry 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 Henry housing market right now
In the three months ending August 31, 2026, 0% of homes in Henry, SD 57243 sold above their list price, the typical home went under contract in 64 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 67%, homes sold faster (176 days then) and the median sale price fell 2% to $157,432. Overall, Henry is less competitive than a year ago, which gives buyers more room.
Nearby, Watertown 57201 (22% sold over asking) is even more competitive.
Run the numbers for 57243
Nearby markets
Florence 57235 — /sq ftSouth Shore 57263 — /sq ftWallace 57272 $58 /sq ftWatertown 57201Seller’s market $144 /sq ft Browse all markets →Where Henry is
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Questions about Henry real estate
Is Henry a buyer’s or seller’s market?
A balanced market: there were 4.8 months of supply in Henry, SD 57243 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 Henry?
The typical home went under contract in 64 days in the latest three months.
Do homes in Henry sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 89.9% of the list price.
What are property taxes in Henry?
About 0.97% of a home’s value a year in Codington County, or roughly $3,880 on a $400,000 home.
What is the median home price in Henry?
The median sale price was $157,432 in the three months ending August 31, 2026, about $108 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