Spearfish, SD metro area Housing Market Brief
metro · SD · as of August 2026
What is Spearfish, SD metro area’s Alpha Score?
The Alpha Score is a composite 0–100 index of market strength, a weighted blend of five dimensions. See the methodology.
Where is Spearfish, SD metro area in its market cycle?
Spearfish, SD metro area is classified as Emerging — early in its cycle, with scores climbing from a low base. This is a classification of recent (1–12 month) momentum, not a price forecast.
Spearfish, SD metro area housing market data
| Metric | Value | YoY |
|---|---|---|
| Median Sale Price | $508K | ▲ +25.5% |
| Median Days on Market | 81 days | ▲ +19.1% |
| Months of Supply | 8.9 | ▲ +25.4% |
| Homes for Sale | 296 | ▲ +4.6% |
| Homes Sold | 35 | ▼ -14.6% |
| Median Price / Sq Ft | $252 | ▲ +7.8% |
How has Spearfish, SD metro area’s Alpha Score moved?
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Frequently asked questions
Is Spearfish, SD metro area a buyer's or seller's market?
As of August 2026, Spearfish, SD metro area is classified as a Balanced Market, based on its Alpha Score of 45 out of 100. The classification reflects current price, inventory, affordability, economic, and rental-yield conditions.
Are home prices rising or falling in Spearfish, SD metro area?
The median sale price in Spearfish, SD metro area is $508K, having risen 25.5% over the past year.
How affordable is Spearfish, SD metro area?
Spearfish, SD metro area scores 8 out of 100 on affordability — relatively unaffordable relative to local incomes and prevailing mortgage rates compared with other metros.
What's driving Spearfish, SD metro area's Alpha Score?
Spearfish, SD metro area's strongest dimension is Economic Strength (91/100) and its weakest is Rental Yield (2/100). The Alpha Score is a weighted blend of all five dimensions.
Want the live, interactive view of Spearfish, SD metro area? Open the full market dashboard — charts, ZIP-level drill-down, and watchlist tracking. Explore the map or read the methodology.