Is the housing market slowing down in Spearfish, SD?
49 homes sold in Spearfish, SD during May 2026, against 47 in the same months a year earlier. Spearfish, SD is a small enough market that a year-to-year swing this size is as likely to be luck of the draw as a real shift, so we do not call a direction.
This page is about how many homes changed hands, not what they cost. The two move separately: prices are set by the homes that did sell, and volume tells you how many people managed to transact at all. A market can hold its prices while activity quietly drains out of it.
Here is the honest problem with Spearfish, SD. It records 49 sales in a window and 47 a year earlier. On counts that small, a difference of a dozen houses reads as a double-digit percentage, and a dozen houses is well within the range that a couple of delayed closings can produce. Plenty of sites will print that percentage for you. We would rather tell you the count is real and the trend is not measurable.
The longer view, all measured over the May window so the season is held constant: 35 homes sold two years ago, 47 last year, 49 now. We report those three counts as published and draw no trend through them, for the reason above.
What is on the shelf next to what is selling: 259 homes were on the market in Spearfish, SD, and 49 sold. At that pace it would take about 5.3 months to clear them all. There are more homes for sale than buyers. Buyers have the edge.
Every comparison on this page is to the SAME calendar months a year earlier, never to last month. Home sales roughly double between January and May in most of the country, so a month-over-month reading would tell you about the season and nothing about the market.
Source: Redfin's published market data for the Spearfish, SD area, through May 2026.
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More about the Spearfish, SD market
- When is the best month to sell a house in Spearfish, SD?
- How long does it take to sell a house in Spearfish, SD?
- Do homes sell above asking price in Spearfish, SD?
- Are home prices going up or down in Spearfish, SD?
- Is Spearfish, SD a buyer's market or a seller's market?
- Are sellers cutting prices in Spearfish, SD?
- What is the average home price in Spearfish, SD?
- How many homes are for sale in Spearfish, SD?
- All Spearfish, SD housing numbers
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Figures come from Redfin's published market data for the Spearfish, SD area, through May 2026. Neighborhood Numbers is an independent data publisher and is not affiliated with Redfin. We update these pages when Redfin publishes, once a month.