Is Deadwood a buyer's or seller's market right now?

Deadwood is currently a buyer's market with 6.5 months of supply. Homes are selling at 98.7% of list price. The Ridley Sell Score for Deadwood is 47/100 (Cooling), based on 7 real-time market signals including inventory, pricing trends, and buyer demand.

What's the median home price in Deadwood?

The median home price in Deadwood is $473,750, up 52.8% year-over-year. The median price per square foot is $227. Homes sell in a median of 202 days with a sale-to-list ratio of 98.7%.

How much does it cost to sell a home in Deadwood, South Dakota?

On a $473,750 home in Deadwood, a traditional listing agent charges around $14,213 (3% commission). Add buyer agent commission (3%), closing costs (1–2%), and you could spend $37,900 or more. With Ridley Essentials ($999) you save $13,214, and with Ridley Pro ($3,499) you save $10,714 while getting full agent support.

How does Ridley's flat fee compare to a traditional Deadwood agent?

A traditional Deadwood listing agent typically charges 3% of the sale price — about $14,213 on a $473,750 home. Ridley offers two flat-fee plans: Essentials ($999) with MLS listing, marketing tools, and self-service support, or Pro ($3,499) with a dedicated licensed agent. That saves you $13,214–$10,714 compared to a traditional agent.

How long does it take to sell a home in Deadwood?

The median home in Deadwood currently spends 202 days on the market before going under contract. At a 98.7% sale-to-list ratio, sellers are seeing some negotiation. Only 7.7% of listings see a price drop, suggesting sellers can hold firm on pricing.

Do I need a real estate agent to sell in South Dakota?

No. South Dakota does not require you to use a real estate agent to sell your home. You can sell independently (FSBO) or use a flat-fee service like Ridley that gives you MLS access, professional tools, and expert support at a fraction of the traditional commission. On a $473,750 home, that could save you up to $10,714.

What's included with Ridley Essentials and Pro?

Ridley offers two plans in South Dakota. Essentials ($999) includes MLS listing distribution, professional listing tools, marketing materials, and self-service support. Pro ($3,499) includes everything in Essentials plus a dedicated licensed agent partner, expert pricing consultation, offer review and negotiation support, contract and deadline management, and full closing coordination. Both save significantly vs. the traditional $14,213 commission.

National/South Dakota

Deadwood, SD

Is Now a Good Time to Sell in Deadwood, South Dakota?

The median home in Deadwood sells for $473,750 with prices up 52.8% year-over-year. The average seller pays $14,213 in commissions — Ridley’s flat fee saves you $10,714.

Deadwood Real Estate Market Conditions — March 2026

47out of 100

Ridley Sell Score

How it's scored →

Cooling

47/100

The market is shifting — strategic pricing and presentation matter more.

What this means for sellers

The Deadwood market is cooling, and sellers need to be strategic. Buyers have more options and are negotiating harder. Invest in staging and professional photography to differentiate your listing. Flexibility on terms can make the difference in attracting serious buyers.

Inventory TightnessFavors buyers

6.5 months of supply — above the 5-month balanced threshold, giving buyers more options. South Dakota average is 3.4.

Price MomentumFavors sellers

Prices up 52.8% year-over-year — vs. +9.8% statewide.

Seller LeverageNeutral

Homes selling at 98.7% of asking — buyers are negotiating 1.3% below list. South Dakota average is 97.2%.

Bidding ActivityFavors buyers

0% of homes selling above list price — 100% below the South Dakota average of 13.7%.

Sale SpeedFavors buyers

202 median days on market — 112 days slower than the South Dakota average.

Market UrgencyFavors buyers

0% of listings go pending within 2 weeks — vs. 13% statewide.

Price StabilityFavors sellers

Only 7.7% of listings have dropped their price — sellers are holding firm. South Dakota average is 12.3%.

Score based on 7 real-time market signals. Updated with latest available data.

How it works →

Median Sale Price

The midpoint price of all homes sold in the past month. Half sold for more, half for less.

$473,750

+52.8%

Days on Market

How long the typical home sits on the market before going under contract. Lower is better for sellers.

202

Price per Sq Ft

Average cost per square foot of living space. Useful for comparing homes of different sizes.

$227

Sale-to-List Ratio

How close homes sell to their asking price. Above 100% means bidding wars; below means negotiation room.

98.7%

Months of Supply

How long it would take to sell all current listings at the current pace. Under 3 months favors sellers; over 6 favors buyers.

6.5

Buyer’s market

Competitiveness

Overall market competition based on offers per listing, days on market, and sale-to-list ratio.

Somewhat Competitive

Price Drops

Percentage of active listings that had a price reduction.

7.7%

Well-priced market

12-Month Price Trend

$310,000 → $473,750

▲52.8%

$1.5M$1.0M$500K$0

AprJunAugOctDecFebMar

Data updated March 2026

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Personalized pricing signals, demand shifts, and Sell Score changes for Deadwood — delivered monthly.

Your savings

How much can you save selling your home in Deadwood?

The average Deadwood homeowner saves $10,714 by selling with Ridley instead of paying the traditional 3% listing commission on a $473,750 home.

$0Estimated savings

That's a dream family vacation — save 2.3% of your home value

Your Deadwood home value

$473,750

$50,000$10M

Traditional Agent (3%)

$14,213

Ridley Pro (flat fee)

$3,499

Ready to sell in Deadwood?

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Cost comparison

How much does it cost to sell a house in Deadwood?

The total cost to sell a house in Deadwood in 2026 ranges from $999 with Ridley Essentials to approximately $14,213 with a traditional 3% commission on a $473,750 home.

	Traditional Agent	Best valueRidley Pro	Ridley Essentials	FSBO
Listing fee	$14,213	$3,499	$999	$0
Buyer agent	$13,2652.8% avg	$9,475~2% avg	$9,475~2% avg	$13,2652.8% avg
Closing costs (~1.5%)	$7,106	$7,106	$7,106	$7,106
Total cost	$34,584	$20,080	$17,580	$20,371
Net proceeds	$439,166	$453,670	$456,170	$453,379
You save	—	$10,714	$13,214	$14,213No support