Georgia

<h2>An Overview of Real Estate Market Trends in Pierre, SD</h2>
<p>Real estate markets are defined by their fluctuations, and Pierre, South Dakota is no exception. The city’s market in recent months has experienced significant variations, particularly in <a href="https://www.realtytrac.com/market-trends/pierre-sd/">average property values</a> and square footage pricing. One notable peak occurred in February 2024, with an average property value soaring to approximately $1,200,000, and an impressive per square foot price of $1,070. This extraordinary increase suggests a few high-value listings might have skewed the average that month.</p>
<p>Despite this peak, other months have exhibited far more modest figures. The per square foot value, for instance, has mostly ranged between $89 and $221, which is indicative of a market with diverse property types and values. Furthermore, the property count, which reflects the number of listings contributing to the average value in any given month, has varied from just one property in May 2023 to five properties in August 2023.</p>
<figure id="attachment_25558" aria-describedby="caption-attachment-25558" style="width: 1419px" class="wp-caption aligncenter"><img loading="lazy" decoding="async" class="size-full wp-image-25558" src="https://nicautomation.wpengine.com/wp-content/uploads/2024/04/Real-Estate-Report-Pierre-SD-April-2024-Price-Per-Sq-Ft.png" alt="Real Estate Report Pierre SD April 2024 Price Per Sq Ft" width="1419" height="740" /><figcaption id="caption-attachment-25558" class="wp-caption-text">Real Estate Report Pierre SD April 2024 Price Per Sq Ft</figcaption></figure>
<p>Interestingly, despite these value fluctuations and listings, no properties were reported as sold in Pierre during this period, which leaves a gap in our understanding of the market since we can’t compare listed values to actual sale prices.</p>
<p>Contrasting Pierre with nearby Draper we find a consistently high average property value of about $3,750,000 over several months, although the per square foot price remains undisclosed. This stark difference might suggest a different property type or market characteristics between the two cities, such as higher-end properties or large land parcels in Draper that aren’t directly comparable to residential listings typically priced per square foot.</p>
<h2>Current Market Snapshot: Pierre, South Dakota</h2>
<p>As of March 2024, the real estate market in Pierre presents an average value of $499,900 for properties, with a per square foot value of $217. There are only 3 properties on the market:</p>
<figure id="attachment_25556" aria-describedby="caption-attachment-25556" style="width: 1445px" class="wp-caption aligncenter"><img loading="lazy" decoding="async" class="size-full wp-image-25556" src="https://nicautomation.wpengine.com/wp-content/uploads/2024/04/Market-Report-Pierre-SD-House-Sales-2024.png" alt="Market Report Pierre SD House Sales 2024" width="1445" height="751" /><figcaption id="caption-attachment-25556" class="wp-caption-text">Market Report Pierre SD House Sales 2024</figcaption></figure>
<p>The active market average value and the per square foot price in Pierre are in sync, both at $499,900 and $217, respectively. This consistency is not seen throughout the whole market’s average value, which is estimated at $305,419 and a higher per square foot price of $258. This discrepancy might be indicative of a variety of property types and sizes on the market, and the value difference could be influenced by a mix of larger and smaller properties, or those in various locations and conditions.</p>
<p>The broader market spectrum ranges from <a href="https://www.realtytrac.com/pierre-sd/for-sale/">values as low as $51,000</a> up to a substantial $4,164,000, which highlights the heterogeneity of the Pierre real estate landscape. Although the market has an active for-sale count of three, with an average list price that mirrors the average value at $499,900, the highest listed property is marketed at a significant $1,900,000, while the most affordable listing sits at $449,900. These figures suggest that while the market has high-value properties, there are accessible options available as well.</p>


Market Reports

Pierre Real Estate Peaking at $1.2M – April 2024 Market Report

Pierre, SD’s real estate market has seen significant fluctuations, with diverse property types and values. Despite a lack of sales data hindering trend analysis, listed prices and values provide insight into market activity.

Pierre Real Estate Peaking at $1.2M – April 2024 Market Report - RealtyTrac

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Resource

RealtyTrac

Manuel is an expert in all things real estate, including buying and flipping homes.

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Manuel Martinez

Florida

Real Estate Report Tampa Florida

Tampa Real Estate Market Soars: Average Property Value Climbs to $440K by April 2024

Tampa’s real estate market demonstrated steady growth from May 2023 to April 2024, with rising property values and robust sales volumes. Comparative data also highlights Tampa’s appeal over neighboring cities.

Tampa Real Estate Market Soars: Average Property Value Climbs to $440K by April 2024 - RealtyTrac

https://www.realtytrac.com/wp-content/uploads/2024/05/Real-Estate-Report-Tampa-Florida.png

New York

Austin Real Estate Sees Property Values Dip Amidst Rising Per-Square-Foot Costs in March 2024

The Austin real estate market is experiencing a shift, with the average property value and sale price decreasing, yet the price per square foot increasing.

Austin Real Estate Sees Property Values Dip Amidst Rising Per-Square-Foot Costs in March 2024 - RealtyTrac

https://www.realtytrac.com/wp-content/uploads/2024/04/Austin-TX-Real-Estate-Report-April-2024.png

California

Market Trend Report For Bakersfield, California – March 2024

Stockton Housing Market Comparably Affordable Amid Rising California Prices – January 2024 Report

This blog post discusses the dynamic real estate trends in Bakersfield, noting fluctuations in property values, sale prices, and activity levels. It also highlights differences in nearby cities, showcasing diverse market conditions shaped by localized factors and broader economic trends.

Market Trend Report For Bakersfield, California – March 2024 - RealtyTrac

https://www.realtytrac.com/wp-content/uploads/2024/03/Market-Report-Bakersfield-CA-March-2024.png

Pierre Real Estate Peaking at $1.2M – April 2024 Market Report

$63,000