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Is Alexandria, SD 57311 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Alexandria is a seller’s market. With about 1.6 months of supply and 0% 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.

Months of supply1.6Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list98.5%Sold price ÷ list price
Median days on market30Listing to accepted offer
Median price per sq ft$188▼ −20.7% vs. last year

The Alexandria housing market right now

In the three months ending August 31, 2026, 0% of homes in Alexandria, SD 57311 sold above their list price, the typical home went under contract in 30 days and there were 1.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. 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 was about the same (0% then), homes sold more slowly (28 days then) and the median sale price rose 51% to $489,788. Overall, Alexandria is about as competitive as it was a year ago.

Run the numbers for 57311

Prefilled for 57311Can I win this house?Multiple-offer likelihood for a listing Prefilled for 57311Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Emery 57332 — /sq ftFulton 57340 $136 /sq ft Browse all markets →

Towns like Alexandria nearby

Find towns like Alexandria in other states →
Canistota, SD57012 · 24 miles away86% similaryounger residents · 6 min longer commute Parker, SD57053 · 36 miles away81% similarpricier homes ($87K more) · larger Armour, SD57313 · 38 miles away79% similarcheaper homes ($70K less) Salem, SD57058 · 19 miles away74% similarpricier homes ($42K more) · more renters

Where Alexandria is

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Questions about Alexandria real estate

Is Alexandria a buyer’s or seller’s market?

A seller’s market: there were 1.6 months of supply in Alexandria, SD 57311 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 Alexandria?

The typical home went under contract in 30 days in the latest three months.

Do homes in Alexandria sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 98.5% of the list price.

What are property taxes in Alexandria?

About 1.04% of a home’s value a year in Hanson County, or roughly $4,160 on a $400,000 home.

What is the median home price in Alexandria?

The median sale price was $489,788 in the three months ending August 31, 2026, about $188 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