How much does it cost to buy a house in Hot Springs, SD?

In July 2026 Hot Springs homes were listed to buy for a median price of $410K, which is same as June 2025 last month, and same as July 2025 last year. The median value of a home listed to buy in Hot Springs in July 2026 was $233 per sqft, which is a 6% decrease to June 2025 last month, and a 6% decrease to July 2025 last year.

Is it affordable or expensive to live in Hot Springs, SD?

It is affordable to live in Hot Springs. Buying a home in Hot Springs is 1% less expensive compared with the national average.

Is it a good time to buy property in Hot Springs, SD?

Yes now is a good time to buy property in Hot Springs, in July 2026, homes in Hot Springs have decreased in value (price per sqft) by 6% in the last year compared with July 2025.

Is the Hot Springs, SD housing market slowing down?

The housing market in Hot Springs is slowing down. In July 2026, homes to buy in Hot Springs spent an median 55 days on the market, a 36% decrease from July 2025 last year.

How much money should I make to buy a house in Hot Springs, SD?

In July 2026, Hot Springs homes were listed to buy for a median price of $410K, with 25% down you would need $2.41K/month to cover expenses and assume that's 35% of your total monthly income, your total yearly income would need to be $82.9K.

Is it a good time to sell my house in Hot Springs, SD?

Yes now is a good time to sell your house in Hot Springs, in July 2026, homes in Hot Springs have decreased in value (price per sqft) by 6% in the last year compared with July 2025.