Elk Point Real Estate Forecast, Elk Point Area Housing Prices and Home Value Trends and Predictions

Is buying a house in Elk Point a good investment? The median home price in Elk Point today: ▼ 254,211 USD (-10.966%)

Current Price

$254,211

1 Month Forecast

▲ $287,942

1-Year Forecast *

▲ $309,541

5-Year Forecast *

▲ $359,211

"Is it a good time to buy homes in Elk Point?" "Does investing in real estate in Elk Point (South Dakota State, Union County) worth it?" According to our live Forecast System, buying a house in Elk Point is a good short-term (1-year) investment*. The Elk Point average house/property forecasts are updated every month with the latest median property prices by smart technical real estate market analysis. Q&A about "Elk Point" 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 Elk Point in South Dakota State, Union County. If you are looking for homes for sale with good flipping profit, Elk Point can be a profitable property investment option. The median price of an average house in Elk Point was 254,211 USD on 2025-09-22. Based on our forecasts, a long-term increase is expected, the predicted price of an average home in the "Elk Point" area is 359,211 USD by 2030-09-22. For a 5-year investment the profit is expected to be around +41.30% meaning that investing 100000 USD today may yield a profit of 41,304 USD by 2030.

Current Median Listing Price: 254,211 USD Median Listing Price Per Square Foot: 141 USD

Elk Point 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.

Elk Point (South Dakota State) Forecast Chart, Long-Term Predictions for Next Months and Years: 2025-2031

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

Elk Point Price Target

Elk Point median home price target in 12 months: $309,541* (upside of 21.8%)

14 Years Historical Data

Date	Opening price	Closing price	Minimum price	Maximum price
2025	$280,922	$285,520	$280,922	$285,520
2024	$247,583	$254,211	$247,583	$254,211
2023	$243,203	$248,107	$242,568	$251,657
2022	$229,251	$243,816	$229,251	$246,131
2021	$202,120	$226,379	$202,120	$226,379
2020	$188,848	$201,483	$188,062	$201,483
2019	$173,358	$188,865	$173,358	$188,865
2018	$170,773	$172,398	$170,773	$175,112
2017	$157,822	$170,253	$157,822	$170,253
2016	$151,396	$156,998	$151,396	$156,998
2015	$141,217	$150,447	$141,217	$150,447
2014	$132,981	$139,669	$132,981	$139,669
2013	$128,754	$132,186	$128,647	$132,186
2012	$119,460	$128,725	$119,460	$128,725

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Questions & Answers about the Elk Point Housing Market Forecast

How much does an average home cost in Elk Point today?

The value of an average home (the listing price) in Elk Point is $254,211 USD.

What is the average price per square foot in Elk Point?

According to Walletinvestor the median price per square foot in Elk Point is 141 USD.

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

Yes. The Elk Point home prices may rise from 254,211 USD to 309,541 USD in one year.

Is it profitable to invest in Elk Point homes?

Yes. The long-term profit potential is +21.77% in one year.

Will Elk Point house prices fall / drop?

No. See above.

What is the predicted price of a Elk Point home in 2030?

The predicted home sales price of a Elk Point home in 2030 in Elk Point is 359,211 USD.

What is the predicted price of a Elk Point home in 2035?

The predicted home sales price of a Elk Point home in 2035 in Elk Point is 447,541 USD.

Will real estate prices decrease in Elk Point?

According to our analysis, it is unlikely to happen.

Short-Term Outlook Based On The Last 12 Months

Elk Point is the 11033. largest city in the United States, located in South Dakota State.

During the last 12 months the real estate prices in Union, Elk Point increased, looking at the past 12 months.

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

Median home values increased by 1.475% to 254,211 USD, between 2024-09-22 and 2025-09-22

The average annual profit of property investment was:

21.696% in 2020
21.786% in 2021
22.146% in 2022
22.466% in 2023
21.426% in 2024
20.526% in 2025

Based on our Elk Point real estate market research and report the predicted sales prices will increase by 616.550% in the next 10 years.

Over the last 12 months, the value of homes in Elk Point fluctuated: increasing 9 times and decreasing 1 times.

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

Below you will find the price predictions for 2025, 2026, 2027, 2028, 2029, 2030, 2031, 2032, 2033.

Date	Average price	Minimum price	Maximum price
Elk Point Housing Market Forecast with Real Estate Prices for 2025
August 2025	287942	269514	306371
September 2025	290289	264163	316415
October 2025	291356	266590	316121
November 2025	292277	271525	313028
December 2025	294756	276481	313031
Elk Point Housing Market Forecast with Real Estate Prices for 2026
January 2026	297257	269909	324604
February 2026	299779	270400	329157
March 2026	302322	277229	327415
April 2026	304887	281106	328668
May 2026	307473	285335	329611
June 2026	308614	292566	324662
July 2026	309541	293136	325947
August 2026	311400	292405	330395
September 2026	314042	298026	330058
October 2026	316706	296754	336659
November 2026	319393	291925	346861
December 2026	322103	295368	348837
Elk Point Housing Market Forecast with Real Estate Prices for 2027
January 2027	324835	295275	354395
February 2027	327591	294832	360350
March 2027	330370	298324	362416
April 2027	333173	307852	358494
May 2027	335544	306687	364401
June 2027	335736	314249	357223
July 2027	334036	315664	352408
August 2027	332964	308991	356938
September 2027	332602	306659	358545
October 2027	332577	309630	355525
November 2027	331742	309515	353968
December 2027	330875	310030	351720
Elk Point Housing Market Forecast with Real Estate Prices for 2028
January 2028	331620	305422	357818
February 2028	334433	313029	355837
March 2028	337270	313999	360542
April 2028	340132	308159	372104
May 2028	341233	309157	373309
June 2028	340896	322147	359646
July 2028	339679	316242	363117
August 2028	338588	317257	359919
September 2028	337537	317622	357452
October 2028	336420	308833	364006
November 2028	335710	316574	354845
December 2028	336692	311440	361944
Elk Point Housing Market Forecast with Real Estate Prices for 2029
January 2029	339024	309529	368520
February 2029	341299	308875	373722
March 2029	341448	321985	360910
April 2029	340288	322593	357983
May 2029	338841	311734	365949
June 2029	338558	317568	359549
July 2029	339687	317607	361766
August 2029	341459	307313	375605
September 2029	343376	323804	362949
October 2029	344696	324704	364689
November 2029	347621	320854	374387
December 2029	349419	315875	382963
Elk Point Housing Market Forecast with Real Estate Prices for 2030
January 2030	350517	317218	383817
February 2030	350593	331661	369525
March 2030	350358	320577	380138
April 2030	351277	317555	385000
May 2030	353310	324339	382282
June 2030	356308	321746	390870
July 2030	359211	323649	394773
August 2030	360531	339981	381082
September 2030	361671	342141	381201
October 2030	364739	342855	386624
November 2030	367834	334729	400939
December 2030	370954	347955	393953
Elk Point Housing Market Forecast with Real Estate Prices for 2031
January 2031	374101	350159	398044
February 2031	377275	349357	405194
March 2031	380476	358789	402163
April 2031	381888	345608	418167
May 2031	383035	358521	407549
June 2031	385335	366068	404602
July 2031	388604	359070	418138
August 2031	391901	361724	422077
September 2031	395226	367560	422891
October 2031	398579	358721	438436
November 2031	401960	365382	438538
December 2031	405370	370508	440232
Elk Point Housing Market Forecast with Real Estate Prices for 2032
January 2032	408809	385507	432111
February 2032	412278	389190	435365
March 2032	415211	389468	440954
April 2032	415449	384706	446192
May 2032	413345	383171	443519
June 2032	412019	373701	450337
July 2032	411571	373295	449847
August 2032	411540	370386	452694
September 2032	410506	369456	451557
October 2032	409434	383639	435228
November 2032	410355	381220	439491
December 2032	413837	372867	454807
Elk Point Housing Market Forecast with Real Estate Prices for 2033
January 2033	417348	381873	452822
February 2033	420888	397318	444458
March 2033	422251	397760	446741
April 2033	421834	382182	461487
May 2033	420329	391326	449331
June 2033	418979	393840	444117
July 2033	417677	396376	438979

> 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.

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