OfferBackedBuyer Tools

Is Mobridge, SD 57601 a buyer’s or seller’s market?

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

Mobridge is a balanced market. With about 4.4 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply4.4Under 4 months = seller’s market
Sold above original list9.1%Share of sales, last 3 months
Median sale-to-list94.1%Sold price ÷ list price
Median days on market45Listing to accepted offer
Median price per sq ft$91▲ +32.2% vs. last year

The Mobridge housing market right now

In the three months ending August 31, 2026, 9% of homes in Mobridge, SD 57601 sold above their list price, the typical home went under contract in 45 days and there were 4.4 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. That’s based on 11 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (10% then), homes sold faster (133 days then) and the median sale price rose 12% to $134,942. Overall, Mobridge is more competitive than a year ago, so tougher for buyers.

Run the numbers for 57601

Prefilled for 57601Can I win this house?Multiple-offer likelihood for a listing Prefilled for 57601Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Eagle Butte 57625 — /sq ft Browse all markets →

Towns like Mobridge nearby

Find towns like Mobridge in other states →
Selby, SD57472 · 19 miles away72% similarcheaper homes ($34K less) · smaller Mc Laughlin, SD57642 · 32 miles away42% similarcheaper homes ($85K less) · smaller Timber Lake, SD57656 · 31 miles away40% similarcheaper homes ($68K less) · smaller Fort Yates, ND58538 · 39 miles away18% similarlower income ($31K less) · cheaper homes ($66K less)

Where Mobridge is

Loading map…

Questions about Mobridge real estate

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

A balanced market: there were 4.4 months of supply in Mobridge, SD 57601 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 Mobridge?

The typical home went under contract in 45 days in the latest three months.

Do homes in Mobridge sell over asking?

9% of homes sold above their original list price, and the typical sale closed at 94.1% of the list price.

What are property taxes in Mobridge?

About 1.51% of a home’s value a year in Dewey County, or roughly $6,040 on a $400,000 home.

What is the median home price in Mobridge?

The median sale price was $134,942 in the three months ending August 31, 2026, about $91 per square foot.

Local agents

See all agents in 57601 →

No sponsored agents in 57601 yet. Are you an agent here? Put your name in front of local buyers.

Save this ZIP (free account)

More tools for 57601

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value Dewey County property taxesDewey County loan limitsClosing costs in South DakotaHottest ZIP codes in South Dakota
Add this to your website

Free to use. Paste this code where you want the live widget to appear. It updates automatically. More widgets

Sizes itself to fit. If your site builder removes scripts, use “iframe only”.

Preview

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology