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Is Ipswich, SD 57451 a buyer’s or seller’s market?

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

Ipswich is a buyer’s market. With about 12.8 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply12.8Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list89.9%Sold price ÷ list price
Median days on market175Listing to accepted offer
Median price per sq ft$122▼ −34.1% vs. last year

The Ipswich housing market right now

In the three months ending August 31, 2026, 0% of homes in Ipswich, SD 57451 sold above their list price, the typical home went under contract in 175 days and there were 12.8 months of supply. More than six months of supply favors buyers, who usually have more time and more room 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 more slowly (64 days then) and the median sale price fell 7% to $244,894. Overall, Ipswich is less competitive than a year ago, which gives buyers more room.

Run the numbers for 57451

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Nearby markets

Bowdle 57428 — /sq ftRoscoe 57471 — /sq ft Browse all markets →

Towns like Ipswich nearby

Find towns like Ipswich in other states →
Aberdeen, SD57401 · 26 miles away40% similarpricier homes ($31K more) · larger Eureka, SD57437 · 27 miles away23% similarlower income ($37K less) · cheaper homes ($109K less)

Where Ipswich is

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Questions about Ipswich real estate

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

A buyer’s market: there were 12.8 months of supply in Ipswich, SD 57451 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 Ipswich?

The typical home went under contract in 175 days in the latest three months.

Do homes in Ipswich sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 89.9% of the list price.

What are property taxes in Ipswich?

About 0.80% of a home’s value a year in Edmunds County, or roughly $3,200 on a $400,000 home.

What is the median home price in Ipswich?

The median sale price was $244,894 in the three months ending August 31, 2026, about $122 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