Is Ree Heights, SD 57371 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Ree Heights 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 list0%Share of sales, last 3 months

Median sale-to-list93.5%Sold price ÷ list price

Median days on market70Listing to accepted offer

Median price per sq ft$54

The Ree Heights housing market right now

In the three months ending August 31, 2026, 0% of homes in Ree Heights, SD 57371 sold above their list price and the typical home went under contract in 70 days. With only 1 sale, these figures can swing a lot from month to month.

The median sale price was $69,970, or about $54 per square foot.

About the area

Hand County, SD

Population	238
Median income	$74,196
Average income	$91,600
Owner-occupied	68% of homes
Median year built	1957

Natural hazard riskHail (very high), wildfire (relatively high), winter storms (relatively 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 57371; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 57371

Prefilled for 57371Can I win this house?Multiple-offer likelihood for a listing Prefilled for 57371Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Miller 57362Buyer’s market $151 /sq ft Saint Lawrence 57373 $127 /sq ft Wessington 57381Seller’s market $78 /sq ft Browse all markets →

Where Ree Heights is

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Questions about Ree Heights real estate

How fast do homes sell in Ree Heights?

The typical home went under contract in 70 days in the latest three months.

Do homes in Ree Heights sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 93.5% of the list price.

What are property taxes in Ree Heights?

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 Ree Heights?

The median sale price was $69,970 in the three months ending August 31, 2026, about $54 per square foot.

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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 Hand County property taxes Hand 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