South Dakota Housing Market Forecast — August 2026
Sialim tracks 11 South Dakota metros, forecasting home values next month, next quarter, and one year out from Zillow price history plus mortgage rates, inventory, and labor data.
Metros tracked
11
in South Dakota
Forecast to rise — August 2026
7
4 forecast to fall or hold
Average forecast change
+0.09%
across all South Dakota metros, next month
South Dakota metros — August 2026
| Metro | Current value | Forecast | 1-month change | Regime |
|---|---|---|---|---|
| Sioux Falls, SD | $344,172 | $343,931 | -0.07% | Stabilizing |
| Rapid City, SD | $376,376 | $376,624 | +0.07% | Stabilizing |
| Aberdeen, SD | $244,926 | $245,438 | +0.21% | Stabilizing |
| Watertown, SD | $344,618 | $344,901 | +0.08% | Cooling |
| Brookings, SD | $330,177 | $331,881 | +0.52% | Neutral |
| Spearfish, SD | $454,164 | $454,000 | -0.04% | Neutral |
| Mitchell, SD | $264,026 | $264,461 | +0.17% | Stabilizing |
| Yankton, SD | $281,287 | $282,001 | +0.25% | Stabilizing |
| Pierre, SD | $299,750 | $299,699 | -0.02% | Stabilizing |
| Huron, SD | $197,220 | $197,299 | +0.04% | Stabilizing |
| Vermillion, SD | $288,489 | $287,947 | -0.19% | Cooling |
Frequently asked questions
Are South Dakota home prices rising or falling?
Of the 11 South Dakota metros Sialim tracks, 7 are forecast to rise in August 2026 and 4 are forecast to fall or hold. The average forecast change across the state is +0.09%.
What is the largest South Dakota metro by home value tracked here?
Sioux Falls, SD, with a typical home value of $344,172 as of the latest data.
Forecasts are model output, not advice. Data: Zillow ZHVI (© Zillow), Freddie Mac via FRED, US Bureau of Labor Statistics via FRED. Methodology.