Is Burke, SD 57523 a buyer’s or seller’s market?
Burke is a seller’s market. With about 3.2 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.
The Burke housing market right now
In the three months ending August 31, 2026, 0% of homes in Burke, SD 57523 sold above their list price, the typical home went under contract in 13 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 1 sale, these figures can swing a lot from month to month.
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Questions about Burke real estate
Is Burke a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Burke, SD 57523 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 Burke?
The typical home went under contract in 13 days in the latest three months.
Do homes in Burke sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 91.3% of the list price.
What are property taxes in Burke?
About 1.02% of a home’s value a year in Gregory County, or roughly $4,080 on a $400,000 home.
What is the median home price in Burke?
The median sale price was $209,909 in the three months ending August 31, 2026, about $139 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