Is Lemmon, SD 57638 a buyer’s or seller’s market?
Lemmon is a buyer’s market. With about 9.6 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Lemmon housing market right now
In the three months ending August 31, 2026, 0% of homes in Lemmon, SD 57638 sold above their list price, the typical home went under contract in 47 days and there were 9.6 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 4 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 (36 days then) and the median sale price rose 68% to $142,438. Overall, Lemmon is less competitive than a year ago, which gives buyers more room.
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Questions about Lemmon real estate
Is Lemmon a buyer’s or seller’s market?
A buyer’s market: there were 9.6 months of supply in Lemmon, SD 57638 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 Lemmon?
The typical home went under contract in 47 days in the latest three months.
Do homes in Lemmon sell over asking?
0% of homes sold above their original list price.
What are property taxes in Lemmon?
About 1.29% of a home’s value a year in Perkins County, or roughly $5,160 on a $400,000 home.
What is the median home price in Lemmon?
The median sale price was $142,438 in the three months ending August 31, 2026, about $79 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