Is Willow Lake, SD 57278 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Willow Lake 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 Willow Lake housing market right now

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

About the area

Clark County, SD

Population	1,011
Median income	$70,208
Average income	$92,047
Median home value	$220,400
Median rent	$808/month
Owner-occupied	78% of homes
Median year built	1967

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 57278; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 57278

Prefilled for 57278Can I win this house?Multiple-offer likelihood for a listing Prefilled for 57278Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Clark 57225Buyer’s market $77 /sq ft Vienna 57271 — /sq ft Browse all markets →

Towns like Willow Lake nearby

Find towns like Willow Lake in other states →

Bryant, SD57221 · 11 miles away96% similarVery close on income, prices and more Castlewood, SD57223 · 33 miles away69% similarolder residents · 5 min longer commute Lake Norden, SD57248 · 23 miles away67% similarhigher income ($26K more) · pricier homes ($73K more) Estelline, SD57234 · 38 miles away63% similarcheaper homes ($47K less) · older residents

Where Willow Lake is

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Questions about Willow Lake real estate

What are property taxes in Willow Lake?

About 0.88% of a home’s value a year in Clark County, or roughly $3,520 on a $400,000 home.

Local agents

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More tools for 57278

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 Clark County property taxes Clark 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