Are home prices going up or down in Spearfish, SD?
In Spearfish, SD, the typical home sold for $480,000 during May 2026. That is 4% higher than the same stretch a year ago, so prices are up.
Over the last 36 months the typical sale price in Spearfish, SD went from $499,450 to $480,000 — down 4%.
The high point was $594,500, reached in March 2025. Today's typical sale is 19% below that.
Measured by size, homes in Spearfish, SD are selling for about $212 per square foot. Price per square foot is the fairer comparison when the mix of what sells shifts from month to month — a run of big houses can push the typical price up without anything actually getting more expensive.
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?
- Is Spearfish, SD a buyer's market or a seller's market?
- 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.