Mitchell, SD metro area Housing Market
Cool MarketComprehensive housing market data for the Mitchell, SD metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.
Data period: January 2026
Median Sale Price
$240K
↑ 21.8% YoY
Days on Market
39 days
↓ 13.3% YoY
Active Inventory
45
↑ 7.1% YoY
Homes Sold
11
↓ 21.4% YoY
Cool Market
Buyer activity is slowing, creating more negotiating room.
Mitchell, SD metro area Market Summary
The Mitchell, SD metro area housing market is cooling down. As of January 2026, the median home sale price is $240K, up 21.8% year-over-year. Homes are spending a median of 39 days on the market, 13.3% shorter than a year ago.
There are 45 homes for sale — 7.1% more than last year. With 4.1 months of supply, this is a balanced market. 8 new listings were added during this period, down 33.3% year-over-year.
Homes are selling for 96.8% of their list price on average, suggesting room for negotiation. 18.2% of homes sell above their asking price. 22.2% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
75
Contributing Factors
How This Market Compares
vs. National Median
vs. South Dakota Median
Investor Takeaway
The cooling market may present buying opportunities with less competition and more negotiating leverage. A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals. Prices are 43% below the national median, which could indicate stronger cash flow potential.
Mitchell, SD metro area Market Trends
Median Sale Price
Median Days on Market
Active Inventory
Homes Sold
Price per Square Foot
Sale-to-List Ratio
New Listings
Listings with Price Drops
Detailed Market Metrics
Median List Price
$269K
Price per Sq Ft
$182
Sale-to-List Ratio
96.8%
Months of Supply
4.1
Sold Above List
18.2%
Price Drops
22.2%
New Listings
8
↓ 33.3% YoY
Pending Sales
11
Off Market in 2 Weeks
27.3%
Other Markets in South Dakota
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$335K · 50d on market
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$356K · 92d on market
Aberdeen, SD metro area
$165K · 72d on market
Spearfish, SD metro area
$485K · 165d on market
Yankton, SD metro area
$258K · 39d on market
Watertown, SD metro area
$300K · 75d on market
Huron, SD metro area
$167K · 87d on market
Pierre, SD metro area
$342K · 95d on market
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Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.