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Is Deadwood, SD 57732 a buyer’s or seller’s market?

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

Deadwood is a balanced market. With about 5 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply5Under 4 months = seller’s market
Sold above original list11.1%Share of sales, last 3 months
Median sale-to-list95.8%Sold price ÷ list price
Median days on market92Listing to accepted offer
Median price per sq ft$241▲ +6.8% vs. last year

The Deadwood housing market right now

In the three months ending August 31, 2026, 11% of homes in Deadwood, SD 57732 sold above their list price, the typical home went under contract in 92 days and there were 5 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. With only 9 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking rose from 9%, homes sold more slowly (74 days then) and the median sale price fell 13% to $324,859. Overall, Deadwood is less competitive than a year ago, which gives buyers more room.

Nearby, buyers who want less competition could look at Lead 57754 (4% sold over asking) or Whitewood 57793 (8% sold over asking).

Run the numbers for 57732

Prefilled for 57732Can I win this house?Multiple-offer likelihood for a listing Prefilled for 57732Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Lead 57754Buyer’s market $288 /sq ftNemo 57759 — /sq ftSpearfish 57783Balanced $233 /sq ftWhitewood 57793Seller’s market $219 /sq ft Browse all markets →

Towns like Deadwood nearby

Find towns like Deadwood in other states →
Lead, SD57754 · 11 miles away62% similarlarger · younger residents Sundance, WY82729 · 32 miles away41% similarhigher income ($46K more) · pricier homes ($76K more) Sturgis, SD57785 · 18 miles away34% similarpricier homes ($64K more) · larger Rapid City, SD57701 · 31 miles away22% similarlarger · younger residents

Where Deadwood is

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Questions about Deadwood real estate

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

A balanced market: there were 5 months of supply in Deadwood, SD 57732 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 Deadwood?

The typical home went under contract in 92 days in the latest three months.

Do homes in Deadwood sell over asking?

11% of homes sold above their original list price, and the typical sale closed at 95.8% of the list price.

What are property taxes in Deadwood?

About 0.79% of a home’s value a year in Lawrence County, or roughly $3,160 on a $400,000 home.

What is the median home price in Deadwood?

The median sale price was $324,859 in the three months ending August 31, 2026, about $241 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