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Lake County, SD real estate

Compare top Lake County real estate agents.

Agent Pronto analyzes transaction data, agent specialties, and client reviews to handpick the best agents in your area. Updated for August 2026. *


* Sales data is calculated based on transaction information available to Agent Pronto at the time of publishing and may not accurately reflect all transactions for a given agent.

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Lake County real estate Market Report.

Information and statistics on the latest trends in the Lake County real estate market. *

Latest Monthly Snapshot

July 2026

Median sale price
$354K
+26% from Jun '26
Median list price
$256K
-33% from Jun '26
Active listings
68
-2.9% from Jun '26
Homes sold
15
No change from Jun '26
New pendings
13
No change from Jun '26
New listings
12
-25% from Jun '26

Monthly Pricing Trends for Lake County

Monthly data for the latest available year.

Monthly Pricing Trends for Lake County Aug '25 Oct '25 Dec '25 Feb '26 Apr '26 Jun '26 Jul '26 Median sale price in August 2025: $236K Median sale price in September 2025: $372K Median sale price in October 2025: $252K Median sale price in November 2025: $240K Median sale price in December 2025: $206K Median sale price in January 2026: $132K Median sale price in February 2026: $250K Median sale price in March 2026: $268K Median sale price in April 2026: $341K Median sale price in May 2026: $368K Median sale price in June 2026: $282K Median sale price in July 2026: $354K Median list price in August 2025: $332K Median list price in September 2025: $295K Median list price in October 2025: $350K Median list price in November 2025: $252K Median list price in December 2025: $86K Median list price in January 2026: $260K Median list price in February 2026: $315K Median list price in March 2026: $343K Median list price in April 2026: $400K Median list price in May 2026: $421K Median list price in June 2026: $382K Median list price in July 2026: $256K August 2025 Median sale price $236K Median list price $332K September 2025 Median sale price $372K Median list price $295K October 2025 Median sale price $252K Median list price $350K November 2025 Median sale price $240K Median list price $252K December 2025 Median sale price $206K Median list price $86K January 2026 Median sale price $132K Median list price $260K February 2026 Median sale price $250K Median list price $315K March 2026 Median sale price $268K Median list price $343K April 2026 Median sale price $341K Median list price $400K May 2026 Median sale price $368K Median list price $421K June 2026 Median sale price $282K Median list price $382K July 2026 Median sale price $354K Median list price $256K
Median sale price
Median list price
* Data provided by Redfin, a national real estate brokerage.
52
Neutral Market
Seller’s Market
Buyer’s Market
0
25
50
75
100

Market gauge is calculated using active listings and pending sales from the most recently available reporting period (Jul 2026).

Inventory in Lake County has tightened compared with last year, with active listings down about one-fifth while homes sold have been cut roughly in half. At the same time, months of supply has climbed to around four months, much higher than a year ago, placing the area in a neutral market similar to South Dakota overall, which sits at 4.7 months of supply.

Pricing has been moving in different directions for sellers and buyers. Typical home values are up sharply year over year by nearly 40 percent, yet the median list price has fallen significantly over that period, suggesting sellers are adjusting asking prices even as closed sales skew higher.

Time on market highlights how differently homes are moving compared with last summer, with median days on market surging more than fourfold even though it has edged down from last month to about five weeks. With only about one in five homes selling above list and the average sale-to-list ratio hovering near 98 percent, both buyers and sellers can benefit from an Agent Pronto–recommended agent who understands these shifting conditions and can navigate pricing and negotiations effectively.



Learn more about what Lake County has to offer.

Lake County offers residents a warm, close-knit community, abundant outdoor recreation, strong schools, and reliable local services that support everyday life.

Lake County centers on practical livability, with Madison as its hub, a short drive from Sioux Falls and Brookings. Residents enjoy manageable commutes, reliable services, and easy access to health care, shopping, and daily essentials.

Life here revolves around lakes and open space. Lake Herman State Park and Walker’s Point Recreation Area offer year round fishing, boating, and trail access, with quiet shoreline neighborhoods nearby. Downtown Madison provides small city convenience with local dining, coffee, and community events, anchored by amenities like Madison Public Library and the City of Madison services. Families appreciate educational options through Madison Central School District and Dakota State University, which bring both learning and cultural activities to the area.

Daily living is straightforward. Groceries, hardware, and health clinics are close at hand, and regional employers keep job opportunities within reach. Outdoor enthusiasts can access additional recreation around Moody County and Miner County, while still coming home to quieter neighborhoods and lower traffic.

Whether you are relocating to your first home near the lake, selling an acreage outside Madison, or moving closer to schools and services, a local real estate expert can simplify each step. Agent Pronto connects buyers and sellers with Lake County agents who understand the market and can reduce stress from the first conversation to closing.

Find your Lake County real estate agent today →


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“Very professional and knowledgeable realtor. Excellent communication, honest advice, and great service. He was helpful, friendly, and always made sure everything was explained clearly. Highly recommended!””

Yousuf Chowdhury · Scarborough, ON

Photo of Sivage Sivagumaran
RE/MAX Crossroads Realty Inc.
“In my over thirty years dealing with real estate, this was the most challenging sale I have had to deal with. I am thankfull I had Thomas Noelke there, on my side, to help weather the storm. I think a less experienced realtor would have quit and ran. Thomas stood his ground until it was finally over.”

Chris Roda · Maitland, FL

Photo of Tom Noelke
eXp Realty
“kurt was fantasic in showing me this house, he was very help,kept me informed and negotiated the price down. kurt is a wonderful realitor, I appreciate the help he provided me.”

Melodie Vowell · Nashville, GA

Photo of Kurt Harbaugh
CENTURY 21 Realty Advisors
“I cannot say enough wonderful things about Kelly, both as a realtor and as a dear friend. She helped sell our home during one of the most difficult and emotional life seasons, and I am incredibly grateful for the compassion, professionalism, integrity, and grace she showed throughout the entire process. Kelly is truly stellar at what she does. She knows the market, understands current trends, and knows how to strategically position a home to create interest and negotiating power. She communicated openly and consistently and navigated a sensitive situation with such care and professionalism. What makes Kelly so special is the genuine heart she brings to her work. She combines incredible knowledge and expertise with kindness, patience, and compassion. Having someone I trusted so deeply beside me during such a significant life transition meant more than I can say. I wholeheartedly recommend Kelly. She truly goes above and beyond, and I am so grateful for her!”

Tiffany Drake · Windsor, CO

Photo of Kelly Renz
Grey Rock Realty
“Renee is a true professional! She helped us through the complicated process of selling our home while we were out of state. She was always available in a timely manner to answer all our questions and concerns, even through our separate time zones. She was also always helpful in finding us any connections we needed from landscapers, home cleaning, and HVAC services. We 1000% would recommend her to anyone who needs help buying or selling a home.”

Jenny DeVaughn · Zion, IL

Photo of Renee OBrien Group
Keller Williams North Shore West
“Despite the property being a unique one, Kathy went above and beyond to market and make it visible to as many eyes and other realtors as possible. Even though it took a little longer than planned, everything worked out great and we got it sold!”

Bruce Leonard · Tolar, TX

Photo of Kathy Cheek
Century 21 Judge Fite Company
“Brandi Oakes was terrific to work with. She was thorough and went above and beyond in communication. Our experience in buying a house with her our as agent was wonderful. We are looking forward in continuing to work with her on the sale of our current house. If and when we ever decide to move again we will definitely be contacting her. We would highly recommend Brandi Oakes as an agent because she genuinely cares and makes the whole process easy.”

Dave & Cindy · Greenwood, IN

Photo of Brandi Oakes
CENTURY 21
“I highly recommend Jennifer. We first met her when we bought our house in Colorado. We also sold our house with her. Without going into detail she did alot more than anyone should of had to do. We have remained friends and will always will be. Even without living in the same state she is always here for us.”

Jenn Tecce · Calhan, CO

Photo of Jennifer Danley
HomeSmart Preferred Realty
“Bobby Stephens was everything we could have asked for in a realtor. He was extremely knowledgeable, detail-oriented, and, most importantly, provided great advice on the "worth-it" factor of homes we looked at. We never fel pressured to buy something we didn't love, and Bobby always gave unbiased opinions. Thanks!”

Pablo Guzman-Gomez · Cincinnati, OH

Photo of Bobby Stephens
Comey & Shepherd, Realtors
“Stevie was so incredibly patient and helpful in our home search and beyond. Couldn't recommend her enough.”

Abigail · South Saint Paul, MN

Photo of Stephanie Wimber
RE/MAX Advantage Plus
“Ed was extremely helpful, courteous, and communicative throughout the entire process. He consistently kept me informed and made sure I was up to date every step of the way. I highly recommend Ed for his professionalism, promptness, and attentiveness. He was always responsive to my specific needs and went above and beyond to ensure everything was handled smoothly. His excellent customer service and dedication were truly appreciated.”

Ricardo Rivera · Wilmington, DE

Photo of Ed Cole
Springer Realty Group
“Jordan was right there the whole way. It was a long journey for our family. We had to wait to sell the house for various reasons, but Jordan was with us as we prepared. I always felt like she knew our unique situation, while also being in tune with the market in the area and the larger real estate trends and issues. Her being there with answers to questions and great connections for people to address issues that came up helped us more than I can find words for. Besides being personally connected, she was also honest and forthright with reality all along the way. It was refreshing and reassuring. I would highly recommend Jordan for anyone looking to have a positive experience selling a home.”

Craig · Lake Oswego, OR

Photo of Jordan McAllister
MORE REALTY
“Always a pleasure to work with Jacki, we have done several deals in the past and look forward to working with her in future...”

Kenny Carter · Milton, WV

Photo of Jacki Frazier
Century 21 Homes & Land
“Peter went above and beyond our expectations. He was responsive, informational, generous, and thoughtful. We feel very lucky to have had such a positive experience purchasing a cottage property. Can't recommend using a Peter's services more!”

Adam Byers · Muskoka, ON

Photo of Peter Tatar
North 2 South Realty Brokerage Inc.
“Great experience found and closed on the right home. Easy to do business with. Went out of her way to show homes.”

Glen Hopp · Plymouth, IN

Photo of Patty Miller
Century 21 Circle
“I'm so grateful and thankful for Diana Thomas and her value not only as a real estate representative of Century 21, but as a personal friend. She could not have been more helpful or informative, addressing every concern and things that I didn't know I needed to know. She took care of me and it was just a wonderful experience!!!! 1-10 excellent rating -- 100”

Kathy McCormick · Benton, AR

Photo of Diana Thomas
Century 21 Parker & Scroggins Realty
“Shelley is the absolute best realtor. Kind, caring and known every way.”

Lisa · Washington, IN

JB
Century 21 Classic Realty
“Awesome with a capital A. She goes above and beyond.”

Jay Jones · Elizabethtown, KY

Photo of Angie Carter
eXp Realty
“Had a great experience working with Nael. He was incredibly helpful throughout the whole process, from finding the right place to negotiating and guiding me through everything along the way. He was always responsive, knowledgeable, and on top of things whenever I needed something. Really appreciated all his help and would definitely recommend him.”

Muhammad Ibrahim · Hartsdale, NY

Photo of Nael Dassan
CENTURY 21 Elite Realty
“As a first time homebuyer, Joy made the process for us extremely smooth and easy. She was easy to communicate with, always a phone call or text away. I would recommend her any day! Joy is the best hands down! It was truly a blessing working with her throughout the entire process.”

Robert and Trista Chambers · Fort Deposit, AL

JG
Brik Realty Hoover

Frequently Asked Questions

There are more than 2 million real estate agents across the U.S., and you want to be sure the one you partner with is an experienced and trustworthy professional with strong local expertise covering the housing market in and around Lake County. Working with a proven agent will help you sell your home faster and for more money, and help you find your dream home at the best possible price.