Is Black Hawk, SD 57718 a buyer’s or seller’s market?
Black Hawk is a seller’s market. With about 2.5 months of supply and 26% 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.
More competitive than 57% of U.S. ZIP codes, and #7 of 33 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Black Hawk housing market right now
In the three months ending August 31, 2026, 26% of homes in Black Hawk, SD 57718 sold above their list price, the typical home went under contract in 52 days and there were 2.5 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 28 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 8%, homes sold faster (65 days then) and the median sale price fell 2% to $399,727. Overall, Black Hawk is more competitive than a year ago, so tougher for buyers.
Within Meade County, homes here sell faster than in 80% of the county’s ZIP codes, and sell more often over asking than in 80%. On our competition score, Black Hawk ranks #7 of 33 SD ZIP codes with enough sales (score 55 out of 100).
Nearby, buyers who want less competition could look at Box Elder 57719 (17% sold over asking) or Sturgis 57785 (18% sold over asking), while Fort Meade 57741 (100% sold over asking) is even more competitive.
Run the numbers for 57718
Nearby markets
Box Elder 57719Balanced $203 /sq ftFort Meade 57741 — /sq ftNew Underwood 57761Seller’s market $211 /sq ftPiedmont 57769Balanced $243 /sq ft Browse all markets →Towns like Black Hawk nearby
Find towns like Black Hawk in other states →Where Black Hawk is
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Questions about Black Hawk real estate
Is Black Hawk a buyer’s or seller’s market?
A seller’s market: there were 2.5 months of supply in Black Hawk, SD 57718 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 Black Hawk?
The typical home went under contract in 52 days in the latest three months.
Do homes in Black Hawk sell over asking?
26% of homes sold above their original list price, and the typical sale closed at 99.3% of the list price.
What are property taxes in Black Hawk?
About 1.01% of a home’s value a year in Meade County, or roughly $4,040 on a $400,000 home.
What is the median home price in Black Hawk?
The median sale price was $399,727 in the three months ending August 31, 2026, about $195 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