Is Faulkton, SD 57438 a buyer’s or seller’s market?
Faulkton 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.
The Faulkton housing market right now
In the three months ending August 31, 2026, 0% of homes in Faulkton, SD 57438 sold above their list price and the typical home went under contract in 67 days. 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 (34 days then) and the median sale price rose 49% to $126,445. Overall, Faulkton is less competitive than a year ago, which gives buyers more room.
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Where Faulkton is
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Questions about Faulkton real estate
How fast do homes sell in Faulkton?
The typical home went under contract in 67 days in the latest three months.
Do homes in Faulkton sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 84.4% of the list price.
What are property taxes in Faulkton?
About 0.62% of a home’s value a year in Faulk County, or roughly $2,480 on a $400,000 home.
What is the median home price in Faulkton?
The median sale price was $126,445 in the three months ending August 31, 2026, about $128 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