The story of this market
The typical home in ZIP 57061 sells for about $335,000, or $189 per square foot.
Prices are up +2.9% from a year ago, so sellers still have some momentum. Homes take about 31 days to sell. HUD's fair market rent for a two-bedroom is $1,250 a month.
ZIP 57061 — Spencer
The Sioux Falls market, which encompasses the 57061 area, shows moderate price appreciation and a competitive environment. Inventory remains constrained, supporting stable price growth despite higher interest rates. Market activity is driven by steady demand and limited new supply.
Median prices moved up 2.9% year over year.
Homes spend a median of 31 days on market with 3.5 months of supply — a fast-moving market.
16% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.7% · poverty 1.9% — a stable, low-distress profile.
versus the prior ACS vintage
ZCTA 57061, Brookings County SD
ZCTA-level estimates for 57061
- Dana J Dykhouse Stadium4.714.3 mi
- Dacotah Bank Center4.515.6 mi
- Craft Chophouse & Lounge4.513.8 mi
- McCrory Gardens4.714.6 mi
- Skinner's Pub4.413.2 mi
- The Lanes4.212.9 mi
- Pioneer Park4.612.9 mi
- Children's Museum of South Dakota4.813.3 mi
- South Dakota Art Museum4.713.9 mi
- Prairie Village4.617.4 mi
- Pioneer Park4.612.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.