46Alpha

Pennington County, SD Housing Market Brief

county · SD · score computed October 2026

Balanced

What is Pennington County, SD’s Alpha Score?

The Alpha Score is a composite 0–100 index of market strength, a weighted blend of five dimensions. See the methodology.

Price Momentum20%
●36
Inventory Health25%
●62

Population band 5 of 5 (population 103,008–9,808,667) · comparable within its band

Affordability20%
●17
Economic Strength20%
●85
Rental Yield15%
●21

Where is Pennington County, SD in its market cycle?

EmergingGrowingMaturePeakingDecliningRecovering

Pennington County, SD is classified as Declining — cooling, with scores declining over recent months. This is a classification of recent (1–12 month) momentum, not a price forecast.

What’s the forecast for Pennington County, SD?

County-level forecasts are paused (since Oct 18, 2026). The new public-data model we built to replace them didn't pass our accuracy test, and we won't publish forecasts again until a model does.

Pennington County, SD housing market data

MetricValueYoYSource
Median Sale Price$363K▲ +0.1%Redfin
Median Days on Market69 days▼ -13.7%Redfin
Months of Supply4.3▼ -21.8%Redfin
Homes for Sale534▼ -22.3%Redfin
Homes Sold123▼ -2.4%Redfin
Median Price / Sq Ft$220▲ +4.7%Redfin

How has Pennington County, SD’s Alpha Score moved?

Now: 46
2-period trend
Median sale price · 12 mo

Markets like Pennington County, SD

Frequently asked questions

Is Pennington County, SD a buyer's or seller's market?

In the scores computed October 2026, Pennington County, SD is classified as a Balanced Market, based on its Alpha Score of 46 out of 100. The classification reflects current price, building, affordability, economic, and rental-yield conditions.

Are home prices rising or falling in Pennington County, SD?

The median sale price in Pennington County, SD is $363K, having held roughly steady over the past year, according to Redfin.

How affordable is Pennington County, SD?

Pennington County, SD scores 17 out of 100 on affordability — relatively unaffordable relative to local incomes and prevailing mortgage rates compared with other counties.

What's driving Pennington County, SD's Alpha Score?

Pennington County, SD's strongest dimension is Economic Strength (85/100) and its weakest is Affordability (17/100). The Alpha Score is a weighted blend of all five dimensions.

Want the live, interactive view of Pennington County, SD? Open the full market dashboard — charts, ZIP-level drill-down, and watchlist tracking. Explore the map or read the methodology.