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Is Woonsocket, SD 57385 a buyer’s or seller’s market?

Balanced 3 months ending August 31, 2026 · Source: Redfin

Woonsocket is a balanced market. With about 4.3 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply4.3Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list99.4%Sold price ÷ list price
Median days on market18Listing to accepted offer
Median price per sq ft$152▼ −40.6% vs. last year

The Woonsocket housing market right now

In the three months ending August 31, 2026, 0% of homes in Woonsocket, SD 57385 sold above their list price, the typical home went under contract in 18 days and there were 4.3 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. With only 3 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 faster (226 days then) and the median sale price rose 62% to $347,849. Overall, Woonsocket is more competitive than a year ago, so tougher for buyers.

Run the numbers for 57385

Prefilled for 57385Can I win this house?Multiple-offer likelihood for a listing Prefilled for 57385Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Letcher 57359 $149 /sq ft Browse all markets →

Towns like Woonsocket nearby

Find towns like Woonsocket in other states →
Howard, SD57349 · 34 miles away92% similarpricier homes ($26K more) Wessington Springs, SD57382 · 21 miles away77% similarpricier homes ($38K more) · older residents Wolsey, SD57384 · 26 miles away76% similarpricier homes ($76K more) · younger residents Plankinton, SD57368 · 25 miles away74% similarpricier homes ($76K more) · newer homes

Where Woonsocket is

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Questions about Woonsocket real estate

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

A balanced market: there were 4.3 months of supply in Woonsocket, SD 57385 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 Woonsocket?

The typical home went under contract in 18 days in the latest three months.

Do homes in Woonsocket sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 99.4% of the list price.

What are property taxes in Woonsocket?

About 1.17% of a home’s value a year in Sanborn County, or roughly $4,680 on a $400,000 home.

What is the median home price in Woonsocket?

The median sale price was $347,849 in the three months ending August 31, 2026, about $152 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