Current Price

$441,955

1 Month Forecast

â–² $465,234

1-Year Forecast *

â–² $496,721

5-Year Forecast *

â–² $558,861

"Is it a good time to buy homes in Spearfish?" "Does investing in real estate in Spearfish (South Dakota State, Lawrence County) worth it?" According to our live Forecast System, buying a house in Spearfish is a good short-term (1-year) investment*. The Spearfish average house/property forecasts are updated every month with the latest median property prices by smart technical real estate market analysis. Q&A about "Spearfish" projections.
At Walletinvestor.com we predict future home values/prices with real estate market analysis for a wide selection of properties, for example houses in Spearfish in South Dakota State, Lawrence County. If you are looking for homes for sale with good flipping profit, Spearfish can be a profitable property investment option. The median price of an average house in Spearfish was 441,955 USD on 2026-03-03. Based on our forecasts, a long-term increase is expected, the predicted price of an average home in the "Spearfish" area is 558,861 USD by 2031-03-03. For a 5-year investment the profit is expected to be around +26.45% meaning that investing 100000 USD today may yield a profit of 26,452 USD by 2031.

Current Median Listing Price: 441,955 USD Median Listing Price Per Square Foot: 246 USD

Spearfish Real Estate Forecast Chart, Short-Term Housing Market Forecast for The Upcoming Months and Year

The short-term real estate market forecast is based on the median home listing prices from the last 5 years.

Spearfish (South Dakota State) Forecast Chart, Long-Term Predictions for Next Months and Years: 2026-2032

The long-term housing forecast is based on all the available median listing price recorded up to today.

Spearfish Price Target

Spearfish median home price target in 12 months: $496,721* (upside of 12.4%)

14 Years Historical Data

DateOpening priceClosing priceMinimum priceMaximum price
2025 $461,112 $462,473 $461,112 $464,030
2024 $431,235 $441,955 $431,235 $441,955
2023 $416,503 $430,357 $415,523 $430,357
2022 $389,438 $417,876 $389,438 $426,859
2021 $320,362 $383,036 $320,362 $383,036
2020 $292,433 $316,408 $292,433 $316,408
2019 $279,436 $291,642 $279,436 $291,642
2018 $268,557 $278,669 $268,557 $278,669
2017 $257,748 $267,803 $257,748 $267,803
2016 $249,616 $256,603 $249,616 $256,603
2015 $236,394 $248,201 $236,394 $248,201
2014 $223,490 $234,871 $223,490 $234,871
2013 $215,265 $223,034 $215,265 $223,034
2012 $0 $213,999 $0 $213,999

Questions & Answers about the Spearfish Housing Market Forecast

How much does an average home cost in Spearfish today?

The value of an average home (the listing price) in Spearfish is $441,955 USD.

What is the average price per square foot in Spearfish?

According to Walletinvestor the median price per square foot in Spearfish is 246 USD.

Will the median listing price of homes in Spearfish grow / rise / go up?

Yes. The Spearfish home prices may rise from 441,955 USD to 496,721 USD in one year.

Is it profitable to invest in Spearfish homes?

Yes. The long-term profit potential is +12.39% in one year.

Will Spearfish house prices fall / drop?

No. See above.

What is the predicted price of a Spearfish home in 2030?

The predicted home sales price of a Spearfish home in 2030 in Spearfish is 533,924 USD.

What is the predicted price of a Spearfish home in 2035?

The predicted home sales price of a Spearfish home in 2035 in Spearfish is 628,775 USD.

Will real estate prices decrease in Spearfish?

According to our analysis, it is unlikely to happen.

Short-Term Outlook Based On The Last 12 Months

Spearfish is the 3526. largest city in the United States, located in South Dakota State.

During the last 12 months the real estate prices in Lawrence, Spearfish decreased, looking at the past 12 months.

According to Walletinvestor's Spearfish real estate market research, home values will increase in the next 12 months.

Median home values decreased by 4.625% to 441,955 USD, between 2025-03-03 and 2026-03-03

The average annual profit of property investment was:

  • 13.362% in 2021
  • 13.252% in 2022
  • 13.352% in 2023
  • 13.902% in 2024
  • 10.812% in 2025
  • 11.112% in 2026

Based on our Spearfish real estate market research and report the predicted sales prices will increase by 221.621% in the next 10 years.

Over the last 12 months, the value of homes in Spearfish fluctuated: increasing 2 times and decreasing 2 times.

Spearfish (South Dakota) Housing Market Price Prediction, Forecast for next months and years

Below you will find the price predictions for 2026, 2027, 2028, 2029, 2030, 2031, 2032, 2033.

Date Average price Minimum price Maximum price
Spearfish Housing Market Forecast with Real Estate Prices for 2025
August 2025 465234 427085 503384
September 2025 468012 424955 511069
October 2025 470807 437850 503763
November 2025 473618 436202 511034
December 2025 476446 432613 520279
Spearfish Housing Market Forecast with Real Estate Prices for 2026
January 2026 479291 443824 514759
February 2026 482153 436349 527958
March 2026 485032 459325 510739
April 2026 487928 461092 514764
May 2026 490842 452065 529618
June 2026 493773 464640 522905
July 2026 496721 457480 535962
August 2026 499687 469206 530168
September 2026 502671 453912 551430
October 2026 505673 464207 547138
November 2026 507457 482084 532830
December 2026 506688 471726 541649
Spearfish Housing Market Forecast with Real Estate Prices for 2027
January 2027 504981 465593 544370
February 2027 503280 464025 542536
March 2027 501585 473998 529173
April 2027 499896 472402 527390
May 2027 498253 456400 540107
June 2027 497081 471730 522432
July 2027 497690 463350 532031
August 2027 499824 470334 529313
September 2027 502225 476611 527838
October 2027 504345 454920 553771
November 2027 505668 477351 533986
December 2027 507682 482298 533066
Spearfish Housing Market Forecast with Real Estate Prices for 2028
January 2028 509893 480829 538957
February 2028 512347 482118 542575
March 2028 514229 483376 545083
April 2028 514826 484451 545201
May 2028 515876 489051 542702
June 2028 518221 470026 566416
July 2028 521315 472312 570319
August 2028 523911 482522 565300
September 2028 524931 495010 554852
October 2028 524554 476295 572813
November 2028 523668 492772 554565
December 2028 523594 492702 554486
Spearfish Housing Market Forecast with Real Estate Prices for 2029
January 2029 524923 498152 551694
February 2029 526948 477942 575954
March 2029 527819 487177 568461
April 2029 528146 490119 566172
May 2029 531300 487202 575397
June 2029 532967 491396 574539
July 2029 533924 502956 564891
August 2029 534580 492348 576812
September 2029 534663 497236 572089
October 2029 534409 497535 571284
November 2029 532868 483844 581892
December 2029 536050 506567 565533
Spearfish Housing Market Forecast with Real Estate Prices for 2030
January 2030 539251 508513 569988
February 2030 542471 489851 595090
March 2030 545710 493867 597552
April 2030 548968 510541 587396
May 2030 552246 500335 604158
June 2030 555544 499990 611098
July 2030 558861 511917 605806
August 2030 562198 510476 613921
September 2030 565555 509565 621545
October 2030 568932 525125 612740
November 2030 572330 534556 610103
December 2030 575747 530839 620655
Spearfish Housing Market Forecast with Real Estate Prices for 2031
January 2031 579185 535167 623203
February 2031 582643 534284 631003
March 2031 584699 528568 640830
April 2031 583813 525432 642195
May 2031 581847 528317 635377
June 2031 579887 532916 626858
July 2031 577934 521875 633994
August 2031 575988 533941 618035
September 2031 574095 524723 623467
October 2031 572744 533797 611690
November 2031 573446 533305 613587
December 2031 575904 541926 609883
Spearfish Housing Market Forecast with Real Estate Prices for 2032
January 2032 578671 520804 636538
February 2032 581114 530557 631671
March 2032 582639 545350 619927
April 2032 584959 548107 621811
May 2032 587506 539918 635094
June 2032 590334 532481 648186
July 2032 592503 545102 639903

> Page 2: detailed data / price table <

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* Our real estate forecasts and predictions are made by Machine Learning & AI, and shouldn't been used for financial decisions. We can't guarantee any profit.