Median sale price in the mid-$250Ks. Inventory tight. Year-over-year appreciation up 3%.
The Numbers
Median sale price: $241,000 to $250,000 depending on the source and month. Redfin reported $241K in January and $245K in February. Realtor.com shows $249,900. The market is solidly in the mid-$200K range for closed sales.
Days on Market
32 to 81 days depending on the source. Well-priced homes in good condition are moving within a month or two. Redfin shows homes going pending in about 32 days.
Inventory
73 to 154 active listings. Either way, inventory remains limited, which continues to favor sellers. Year-over-year home values are up approximately 3%, steady, healthy appreciation.
For Buyers
Inventory is tight but not impossible. The median sale price in the mid-$200K range means Yankton remains one of the most affordable markets in the region. With South Dakota's zero state income tax, your purchasing power goes even further here.
For Sellers
Low inventory means less competition for your listing. If your home is priced right and shows well, you are in a strong position. The 3% year-over-year appreciation means your equity has grown.
Bottom Line
The Yankton market is stable, affordable, and slowly appreciating. It is not a speculative market and it is not crashing. It is a fundamentally sound small-city market backed by diversified employment, low taxes, and a quality of life that keeps drawing new residents.
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