What are current home values in Spearfish, SD?

The median home value in Spearfish, SD is $455,619 as of August 2026. This represents a 0.1% increase compared to last month and a 0.7% decrease year-over-year.

How have home values changed in Spearfish, SD?

Home values in Spearfish, SD have increased by 0.1% month-over-month and 0.7% year-over-year.

How do home values in Spearfish, SD compare to Lawrence County, South Dakota, and the national average?

The median home value in Spearfish, SD ($455,619) compares to: Lawrence County ($449,746), South Dakota ($321,574), and the U.S. national median ($368,697).

Spearfish, SD Housing Market

$455,619

0.6% 1-yr

The average Spearfish, SD home value is $455,619, down 0.6% over the past year, and homes go to pending in around 26 days. (Updated on 8/31/2026)

What is the Zillow Home Values Index?

Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.

Learn more about the Zillow Home Value Index

Spearfish Key Takeaways

Typical Home Values: $455,619

1-Year Value Change: -0.6%

(Data through August 31, 2026)

Spearfish Housing Market Overview

1-Year Market Forecast: --

For Sale Inventory: 102 (August 31, 2026)

New Listings: 29 (August 31, 2026)

Median Sale to List Ratio: --

Median Sale Price: --

Median List Price: $698,167 (August 31, 2026)

Percent of Sales Over List Price: --

Percent of Sales Under List Price: --

Median Days to Pending: 26 (August 31, 2026)

(Metric availability is based on market coverage and data, housing data available for download in the Housing Data page)

How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.

Neighborhoods in Spearfish

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Spearfish Homes for Sale

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Spearfish Rental Market Trends

Average Rent: $1,514 (August 31, 2026)

National Average Rent: $1,948 (August 31, 2026)

Month-Over-Month Change: -0.9% (August 31, 2026)

Year-Over-Year Change: --

How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.