Is Lake Preston, SD 57249 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Lake Preston 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 Lake Preston housing market right now

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

About the area

Kingsbury County, SD

Population	1,023
Median income	$63,182
Average income	$80,758
Median home value	$193,300
Median rent	$618/month
Owner-occupied	76% of homes
Median year built	1972

Natural hazard riskTornadoes (very high), winter storms (very high), hail (very 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 57249; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 57249

Prefilled for 57249Can I win this house?Multiple-offer likelihood for a listing Prefilled for 57249Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Arlington 57212 — /sq ft De Smet 57231Buyer’s market $125 /sq ft Oldham 57051 $131 /sq ft Browse all markets →

Towns like Lake Preston nearby

Find towns like Lake Preston in other states →

Clark, SD57225 · 39 miles away91% similarcheaper homes ($38K less) · larger Howard, SD57349 · 25 miles away80% similarcheaper homes ($40K less) · older homes De Smet, SD57231 · 9 miles away72% similarlarger · younger residents Arlington, SD57212 · 16 miles away72% similarhigher income ($31K more) · pricier homes ($45K more)

Where Lake Preston is

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Questions about Lake Preston real estate

What are property taxes in Lake Preston?

About 1.01% of a home’s value a year in Kingsbury County, or roughly $4,040 on a $400,000 home.

Local agents

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More tools for 57249

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 Kingsbury County property taxes Kingsbury 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