Is Sturgis, SD 57785 a buyer’s or seller’s market?
Sturgis is a seller’s market. With about 3 months of supply and 18% 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 34% of U.S. ZIP codes, and #23 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 Sturgis housing market right now
In the three months ending August 31, 2026, 18% of homes in Sturgis, SD 57785 sold above their list price, the typical home went under contract in 76 days and there were 3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 40 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 10%, homes sold more slowly (63 days then) and the median sale price rose 4% to $424,816. Overall, Sturgis is more competitive than a year ago, so tougher for buyers.
Within Meade County, homes here sell more slowly than in 60% of the county’s ZIP codes, and sell less often over asking than in 80%. On our competition score, Sturgis ranks #23 of 33 SD ZIP codes with enough sales (score 36 out of 100).
Nearby, Fort Meade 57741 (100% sold over asking) and Black Hawk 57718 (26% sold over asking) are even more competitive.
Run the numbers for 57785
Nearby markets
Black Hawk 57718Seller’s market $195 /sq ftBox Elder 57719Balanced $203 /sq ftFort Meade 57741 — /sq ftNew Underwood 57761Seller’s market $211 /sq ft Browse all markets →Towns like Sturgis nearby
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Questions about Sturgis real estate
Is Sturgis a buyer’s or seller’s market?
A seller’s market: there were 3 months of supply in Sturgis, SD 57785 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 Sturgis?
The typical home went under contract in 76 days in the latest three months.
Do homes in Sturgis sell over asking?
18% of homes sold above their original list price, and the typical sale closed at 97.9% of the list price.
What are property taxes in Sturgis?
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 Sturgis?
The median sale price was $424,816 in the three months ending August 31, 2026, about $221 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