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: â–¼ 254,211 USD (-10.966%)

  • History
  • Forecast
  • Data
  • Q&A

Current Price

$254,211

1 Month Forecast

â–² $288,033

1-Year Forecast *

â–² $312,893

5-Year Forecast *

â–² $361,898

"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 2026-02-16. Based on our forecasts, a long-term increase is expected, the predicted price of an average home in the "Elk Point" area is 361,898 USD by 2031-02-16. For a 5-year investment the profit is expected to be around +42.36% meaning that investing 100000 USD today may yield a profit of 42,361 USD by 2031.

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: 2026-2032

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: $312,893* (upside of 23.1%)

14 Years Historical Data

DateOpening priceClosing priceMinimum priceMaximum 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 $119,693 $128,725 $119,693 $128,725

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 312,893 USD in one year.

Is it profitable to invest in Elk Point homes?

Yes. The long-term profit potential is +23.08% 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 340,282 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 421,960 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 decreased, 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 decreased by 9.974% to 254,211 USD, between 2025-02-16 and 2026-02-16

The average annual profit of property investment was:

  • 23.114% in 2021
  • 22.854% in 2022
  • 22.464% in 2023
  • 21.544% in 2024
  • 21.804% in 2025
  • 23.284% in 2026

Based on our Elk Point real estate market research and report the predicted sales prices will increase by 698.022% in the next 10 years.

Over the last 12 months, the value of homes in Elk Point fluctuated: increasing 4 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 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 288033 265278 310787
September 2025 290568 266451 314685
October 2025 293125 268502 317747
November 2025 295704 279145 312264
December 2025 298307 281900 314714
Elk Point Housing Market Forecast with Real Estate Prices for 2026
January 2026 299414 277257 321570
February 2026 300313 281694 318933
March 2026 302117 277041 327192
April 2026 304775 275822 333729
May 2026 307457 282246 332669
June 2026 310163 279457 340869
July 2026 312893 289426 336360
August 2026 315646 284082 347211
September 2026 318424 301548 335301
October 2026 321227 291031 351422
November 2026 324054 305582 342525
December 2026 326359 295682 357037
Elk Point Housing Market Forecast with Real Estate Prices for 2027
January 2027 326546 295524 357568
February 2027 324893 298252 351534
March 2027 323851 294056 353645
April 2027 323498 303118 343879
May 2027 323474 305036 341912
June 2027 322661 292331 352991
July 2027 321818 295429 348207
August 2027 322543 296417 348669
September 2027 325381 293819 356943
October 2027 328245 309863 346626
November 2027 331133 304312 357955
December 2027 332205 305961 358450
Elk Point Housing Market Forecast with Real Estate Prices for 2028
January 2028 331878 308315 355441
February 2028 330693 310521 350865
March 2028 329631 306557 352705
April 2028 328607 296732 360482
May 2028 327519 298698 356341
June 2028 326828 305585 348072
July 2028 327785 307462 348108
August 2028 330056 308932 351179
September 2028 332269 302033 362506
October 2028 332415 308148 356681
November 2028 331286 314059 348513
December 2028 329877 313054 346701
Elk Point Housing Market Forecast with Real Estate Prices for 2029
January 2029 329601 300926 358277
February 2029 330700 303913 357487
March 2029 332426 314807 350045
April 2029 334292 309220 359364
May 2029 335577 309402 361752
June 2029 338530 313141 363920
July 2029 340282 315441 365122
August 2029 341352 309265 373439
September 2029 341425 320257 362594
October 2029 341196 309806 372586
November 2029 342091 311645 372538
December 2029 344072 318954 369189
Elk Point Housing Market Forecast with Real Estate Prices for 2030
January 2030 347100 327662 366537
February 2030 350154 330546 369763
March 2030 353236 329569 376902
April 2030 356344 328906 383783
May 2030 359480 323532 395428
June 2030 360814 339166 382463
July 2030 361898 336927 386869
August 2030 364071 342955 385187
September 2030 367275 347075 387475
October 2030 370507 336421 404594
November 2030 373768 343119 404417
December 2030 377057 352926 401189
Elk Point Housing Market Forecast with Real Estate Prices for 2031
January 2031 380376 343860 416892
February 2031 383723 364153 403293
March 2031 387100 363487 410713
April 2031 390507 362390 418623
May 2031 393286 366935 419636
June 2031 393511 371868 415154
July 2031 391518 361371 421665
August 2031 390262 355529 424996
September 2031 389838 357091 422584
October 2031 389809 351607 428010
November 2031 388829 362000 415658
December 2031 387813 368035 407592
Elk Point Housing Market Forecast with Real Estate Prices for 2032
January 2032 388686 360312 417060
February 2032 392107 358778 425436
March 2032 395558 360749 430367
April 2032 399039 359534 438544
May 2032 400330 374309 426352
June 2032 399936 362342 437530
July 2032 398508 378184 418832

> 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.