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Is Miller, SD 57362 a buyer’s or seller’s market?

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

Miller is a buyer’s market. With about 8.8 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply8.8Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list87.8%Sold price ÷ list price
Median days on market25Listing to accepted offer
Median price per sq ft$151▲ +167.5% vs. last year

The Miller housing market right now

In the three months ending August 31, 2026, 0% of homes in Miller, SD 57362 sold above their list price, the typical home went under contract in 25 days and there were 8.8 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 4 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 (21 days then) and the median sale price rose 105% to $153,683. Overall, Miller is about as competitive as it was a year ago.

Run the numbers for 57362

Prefilled for 57362Can I win this house?Multiple-offer likelihood for a listing Prefilled for 57362Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Ree Heights 57371 $54 /sq ftSaint Lawrence 57373 $127 /sq ftWessington 57381Seller’s market $78 /sq ft Browse all markets →

Towns like Miller nearby

Find towns like Miller in other states →
Redfield, SD57469 · 35 miles away93% similarVery close on income, prices and more Wolsey, SD57384 · 26 miles away70% similarpricier homes ($44K more) · smaller Wessington Springs, SD57382 · 34 miles away67% similarsmaller · older residents Huron, SD57350 · 39 miles away66% similarlarger · younger residents

Where Miller is

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Questions about Miller real estate

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

A buyer’s market: there were 8.8 months of supply in Miller, SD 57362 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 Miller?

The typical home went under contract in 25 days in the latest three months.

Do homes in Miller sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 87.8% of the list price.

What are property taxes in Miller?

About 0.89% of a home’s value a year in Hand County, or roughly $3,560 on a $400,000 home.

What is the median home price in Miller?

The median sale price was $153,683 in the three months ending August 31, 2026, about $151 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