Is Hill City, SD 57745 a buyer’s or seller’s market?
Hill City is a buyer’s market. With about 8 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Hill City housing market right now
In the three months ending August 31, 2026, 33% of homes in Hill City, SD 57745 sold above their list price, the typical home went under contract in 55 days and there were 8 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 6 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 0%, homes sold about as fast and the median sale price rose 41% to $609,736. Overall, Hill City is more competitive than a year ago, so tougher for buyers.
Within Pennington County, homes here sell faster than in 83% of the county’s ZIP codes, and sell more often over asking than in 83%.
Nearby, buyers who want less competition could look at Wall 57790 (0% sold over asking) or Keystone 57751 (0% sold over asking), while Rapid City 57703 (41% sold over asking) is even more competitive.
Run the numbers for 57745
Nearby markets
Caputa 57725Buyer’s market $195 /sq ftKeystone 57751Buyer’s market $509 /sq ftRapid City 57701Seller’s market $211 /sq ftRapid City 57702Seller’s market $218 /sq ft Browse all markets →Towns like Hill City nearby
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Questions about Hill City real estate
Is Hill City a buyer’s or seller’s market?
A buyer’s market: there were 8 months of supply in Hill City, SD 57745 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 Hill City?
The typical home went under contract in 55 days in the latest three months.
Do homes in Hill City sell over asking?
33% of homes sold above their original list price, and the typical sale closed at 98.4% of the list price.
What are property taxes in Hill City?
About 1.08% of a home’s value a year in Pennington County, or roughly $4,320 on a $400,000 home.
What is the median home price in Hill City?
The median sale price was $609,736 in the three months ending August 31, 2026, about $390 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