Hot Springs, SD Housing Market

Homes for sale

The Hot Springs housing market is not very competitive. The median sale price of a home in Hot Springs was $258K last month, down 17.7% since last year. The median sale price per square foot in Hot Springs is $152, up 10.9% since last year.

Trends
Demand
Migration
Schools
Climate

Hot Springs Housing Market Trends

What is the housing market like in Hot Springs today?

$258K

Sale Price

-17.7%
since last year

$152

Sale $/Sq. Ft.

+10.9%
since last year

Under List Price

5.2%

Days on Market

Down Payment

—

Total Homes Sold

To compare other locations to the Hot Springs and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Hot Springs add value to a home.

How hot is the Hot Springs housing market?

Hot Springs is not very competitive. Homes sell in 94 days.

100

Not Very Competitive

Multiple offers are rare.
The average homes sell for about 5% below list price and go pending in around 94 days.
Hot homes
can sell for about 2% below list price and go pending in around 63 days.

Hot Springs Migration & Relocation Trends

No data on migration and relocation available in this area right now

Learn about migration trends in nearby cities

View houses in Hot Springs that sold recently

Recently sold homes

SOLD DEC 19, 2025
$650,000 Last Sold Price
4 beds
3 baths
4,145 sq ft
13267 Hillsview Dr, Hot Springs, SD 57747
List Price
$650,000
Sale to List
0% over list
Days on Market
128 days
13267 Hillsview Dr, Hot Springs, SD 57747
SOLD DEC 19, 2025
VIDEO TOUR
$436,500 Last Sold Price
3 beds
2 baths
2,000 sq ft
27991 Houseboat Dr, Hot Springs, SD 57747
List Price
$445,000
Sale to List
2% under list
Days on Market
64 days
27991 Houseboat Dr, Hot Springs, SD 57747
SOLD DEC 12, 2025
$520,000 Last Sold Price
3 beds
2 baths
1,824 sq ft
27937 Cascade Springs Rd, Hot Springs, SD 57747
List Price
$535,000
Sale to List
3% under list
Days on Market
164 days
27937 Cascade Springs Rd, Hot Springs, SD 57747
SOLD DEC 9, 2025
VIDEO TOUR
$935,000 Last Sold Price
3 beds
2.5 baths
3,160 sq ft
26797 Rifleman Rd, Hot Springs, SD 57747
List Price
$999,000
Sale to List
6% under list
Days on Market
75 days
26797 Rifleman Rd, Hot Springs, SD 57747
SOLD DEC 5, 2025
$130,000 Last Sold Price
1 bed
1 bath
528 sq ft
2218 Spring Ave, Hot Springs, SD 57747
List Price
$149,000
Sale to List
13% under list
Days on Market
115 days
2218 Spring Ave, Hot Springs, SD 57747
SOLD DEC 5, 2025
$50,000 Last Sold Price
—beds
—baths
—sq ft
LOT 1 FISHER TR Galveston Heights St, Hot Springs, SD 57747
List Price
$50,000
Sale to List
0% over list
Days on Market
160 days
LOT 1 FISHER TR Galveston Heights St, Hot Springs, SD 57747
SOLD DEC 2, 2025
$335,000 Last Sold Price
2 beds
2 baths
1,730 sq ft
27747 Jenny Rd, Hot Springs, SD 57747
List Price
$346,000
Sale to List
3% under list
Days on Market
48 days
27747 Jenny Rd, Hot Springs, SD 57747
SOLD NOV 26, 2025
VIDEO TOUR
$193,000 Last Sold Price
2 beds
1 bath
876 sq ft
405 N 5th St, Hot Springs, SD 57747
List Price
$195,000
Sale to List
1% under list
Days on Market
217 days
405 N 5th St, Hot Springs, SD 57747
See all recently sold homes in Hot Springs.
See listings

Schools in Hot Springs

Learn about schools in the Hot Springs area

Elementary
Middle
High

GreatSchools Rating

5/10

Hot Springs Elementary - 02

Public • PreK-5

331

Students

N/A

School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.

Climate's impact on Hot Springs housing

Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Hot Springs.

Provided by First Street Foundation

More real estate resources for Hot Springs

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