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Is Newell, SD 57760 a buyer’s or seller’s market?

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

Newell is a seller’s market. With about 1.3 months of supply and 0% 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.

Months of supply1.3Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list83.8%Sold price ÷ list price
Median days on market136Listing to accepted offer
Median price per sq ft$54▼ −53.4% vs. last year

The Newell housing market right now

In the three months ending August 31, 2026, 0% of homes in Newell, SD 57760 sold above their list price, the typical home went under contract in 136 days and there were 1.3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 5 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 (87 days then) and the median sale price fell 80% to $61,973. Overall, Newell is less competitive than a year ago, which gives buyers more room.

Nearby, Belle Fourche 57717 (18% sold over asking) is even more competitive.

Run the numbers for 57760

Prefilled for 57760Can I win this house?Multiple-offer likelihood for a listing Prefilled for 57760Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Belle Fourche 57717Seller’s market $180 /sq ftNisland 57762Seller’s market $208 /sq ftVale 57788 $291 /sq ft Browse all markets →

Where Newell is

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Questions about Newell real estate

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

A seller’s market: there were 1.3 months of supply in Newell, SD 57760 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 Newell?

The typical home went under contract in 136 days in the latest three months.

Do homes in Newell sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 83.8% of the list price.

What are property taxes in Newell?

About 0.93% of a home’s value a year in Butte County, or roughly $3,720 on a $400,000 home.

What is the median home price in Newell?

The median sale price was $61,973 in the three months ending August 31, 2026, about $54 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