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Is Hermosa, SD 57744 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Hermosa is a buyer’s market. With about 12 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply12Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list98.2%Sold price ÷ list price
Median days on market130Listing to accepted offer
Median price per sq ft$270▼ −6.2% vs. last year

The Hermosa housing market right now

In the three months ending August 31, 2026, 0% of homes in Hermosa, SD 57744 sold above their list price, the typical home went under contract in 130 days and there were 12 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 (106 days then) and the median sale price fell 20% to $647,220. Overall, Hermosa is less competitive than a year ago, which gives buyers more room.

Run the numbers for 57744

Prefilled for 57744Can I win this house?Multiple-offer likelihood for a listing Prefilled for 57744Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Custer 57730Seller’s market $279 /sq ftFairburn 57738 — /sq ft Browse all markets →

Towns like Hermosa nearby

Find towns like Hermosa in other states →
Piedmont, SD57769 · 29 miles away77% similarlarger · younger residents Hill City, SD57745 · 20 miles away72% similarcheaper homes ($43K less) · younger residents Custer, SD57730 · 16 miles away71% similarlarger · older residents New Underwood, SD57761 · 27 miles away63% similarcheaper homes ($134K less) · smaller

Where Hermosa is

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Questions about Hermosa real estate

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

A buyer’s market: there were 12 months of supply in Hermosa, SD 57744 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 Hermosa?

The typical home went under contract in 130 days in the latest three months.

Do homes in Hermosa sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 98.2% of the list price.

What are property taxes in Hermosa?

About 0.77% of a home’s value a year in Custer County, or roughly $3,080 on a $400,000 home.

What is the median home price in Hermosa?

The median sale price was $647,220 in the three months ending August 31, 2026, about $270 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