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Is Redfield, SD 57469 a buyer’s or seller’s market?

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

Redfield is a seller’s market. With about 1.1 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Months of supply1.1Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list96.4%Sold price ÷ list price
Median days on market29Listing to accepted offer
Median price per sq ft$125▲ +56.2% vs. last year

The Redfield housing market right now

In the three months ending August 31, 2026, 0% of homes in Redfield, SD 57469 sold above their list price, the typical home went under contract in 29 days and there were 1.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 6 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 (42 days then) and the median sale price rose 57% to $172,425. Overall, Redfield is more competitive than a year ago, so tougher for buyers.

Run the numbers for 57469

Prefilled for 57469Can I win this house?Multiple-offer likelihood for a listing Prefilled for 57469Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Conde 57434 $160 /sq ftDoland 57436 — /sq ftFrankfort 57440 — /sq ftMellette 57461 — /sq ft Browse all markets →

Towns like Redfield nearby

Find towns like Redfield in other states →
Miller, SD57362 · 35 miles away93% similarVery close on income, prices and more Clark, SD57225 · 38 miles away76% similarsmaller · more homeowners Huron, SD57350 · 38 miles away68% similarlarger · younger residents Wolsey, SD57384 · 33 miles away58% similarpricier homes ($50K more) · smaller

Where Redfield is

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Questions about Redfield real estate

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

A seller’s market: there were 1.1 months of supply in Redfield, SD 57469 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 Redfield?

The typical home went under contract in 29 days in the latest three months.

Do homes in Redfield sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 96.4% of the list price.

What are property taxes in Redfield?

About 1.28% of a home’s value a year in Spink County, or roughly $5,120 on a $400,000 home.

What is the median home price in Redfield?

The median sale price was $172,425 in the three months ending August 31, 2026, about $125 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