Fewer homes for sale are keeping pressure on prices
The biggest thing to know right now: there are far fewer homes to choose from. The Real Estate Data Aggregator counted just 70 homes for sale in ZIP 57078 during the three months ending August 31, 2026. That is down 26.3% from the same period a year ago. Fewer choices mean sellers carry more weight at the table.
Nationally, the National Association of Realtors counted 1.60 million homes for sale in September 2026. That is a bigger pool than what buyers see here in 57078. Our local supply is tighter than the national picture.
What tight supply is doing to prices
The Real Estate Data Aggregator put the median sale price in ZIP 57078 at $295,000 for the three months ending August 31, 2026. That is up 10.5% from the same period in 2025. The National Association of Realtors reported U.S. prices rose just 1.3% in September 2026. Local prices are moving faster than the national pace.
Sellers are getting close to their asking price. The Real Estate Data Aggregator shows the average sale came in at 97.6% of list. Not every seller got full price, but the gap is small. And 15.7% of homes sold above list, up 3.8 points from last year.
Homes are moving quickly
The Real Estate Data Aggregator found the median days on market in ZIP 57078 was 20 days for the three months ending August 31, 2026. That is 9 days shorter than the same period in 2025. Compare that with Realtor.com's national figure of 61 days for the week ending October 10, 2026. Local homes are selling much faster than the U.S. average.
Speed shows up another way too. The Real Estate Data Aggregator found that 41.3% of homes in ZIP 57078 went under contract within two weeks of listing. That share is up 5.1 points from a year ago. Nearly 4 in 10 deals are done before most buyers even get a second look.
Mortgage rates are adding pressure for buyers
Freddie Mac put the average 30-year fixed rate at 7.40% as of October 15, 2026. The 15-year fixed averaged 6.71% that same week. Realtor.com noted rates surged above 7% for the first time since January 2025. Higher rates mean buyers are working with tighter budgets, which can slow some decisions.
The full picture for ZIP 57078
More people are buying here, not fewer. The Real Estate Data Aggregator counted 83 homes sold in ZIP 57078 for the three months ending August 31, 2026. That is up 23.9% from a year ago. Pending sales hit 80, up 15.9%. New listings came in at 93, up 12%. Demand is outrunning supply, and that is what is keeping prices firm.
- ZIP 57078 has 70 homes for sale, down 26.3% from last year.
- The median sale price is $295,000, up 10.5%.
- Homes are selling in a median of 20 days.
- Buyers have fewer choices, and sellers are seeing strong results.
- Rates at 7.40% (Freddie Mac) are a real cost to keep in mind.
One thing to keep in mind: these are ZIP code numbers. One street can read very differently from the whole 57078 picture. A block with more inventory, or one where homes sat longer, tells a different story than the overall data. If you want to know what is happening right where you are, that is an easy conversation.
Your next step
(605) 677-9006Text me your address and I will send back how your home compares with what actually sold near you in ZIP 57078, including price and days on market. Takes a day, costs nothing.
Text me- Real Estate Data Aggregator numbers for ZIP 57078, the three months ending August 31, 2026, compared with the same months of 2025. Real Estate Data Aggregator last updated them on Oct 7, 2026.
- Freddie Mac: Mortgage Rates, read Oct 17, 2026
- National Association of Realtors: Existing-Home Sales, read Oct 17, 2026
- Redfin: Housing Market Update: Asking Prices Fall For the First Time Since March, Oct 15, 2026
- Realtor.com: Weekly Housing Trends: U.S. Market Update (Week Ending Oct. 10, 2026), Oct 15, 2026
- Realtor.com: September 2026 Monthly Housing Trends: Price Cuts Hit 4-Year Highs as Mortgage Rates Top 7%, Sep 30, 2026