Photo: The original uploader was Dekkanar at English Wikipedia. · CC BY-SA 3.025 homes sold in Elk Point in the last year, at a typical $292K
Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Elk Point homes are listed.
Every place Elk Point homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Elk Point.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 92% of Elk Point’s sales, at a typical $291K
25 homes sold in the year to May 2026.
typical sale · 23 sold in 12 months
- Per square foot
- $143SD $182
- Days to sell
- 37
- Sold over asking
- 22%
- Listings with a price cut
- 34%
Townhouses: 2 sold, typical $250K
Too few sales in 12 months for reliable figures.
About as many homes sell as usual, at 1.6 times the 2018 price
25 sales in the last year, against 38 in 2024 and a low of 24 in 2025. The typical sale went from $188K in 2018 to $292K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $300K buys in Elk Point
Check a listing against what Elk Point homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Elk Point are more common than before the pandemic, but a quarter fewer homes come up for sale
We read every month of Elk Point’s home sales since 2015 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 25 sales.
If you’re buying in Elk Point
- Shop in April. It brings about 3 new listings a month, close to the busiest month, with fewer bidding wars (15% over asking).
- Offer under asking. Buyers paid 96.4% of the list price on average; 20% paid over.
- Move fast on good ones. Half of homes are under contract within two weeks.
Spring brings the homes; winter brings the bidding wars
April has the most new listings (about 3 a month), but December is the most competitive: 24% of December sales close over asking. January has the least competition (7%).
Averages for each calendar month, 2015 on.
Nearly as heated as 2021, and about like South Dakota as a whole
| Elk Point now | 2017–19 | 2021 peak | SD now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 20% | 5% | 28% | 16% |
| Gone within two weeksShare of homes under contract within 14 days | 50% | 0% | 0% | 29% |
| Listings with a price cutShare of homes for sale that cut their price | 34% | — | — | 20% |
| Price paid vs. askingAverage sale price ÷ list price | 96.4% | 95.9% | 97.7% | 97.5% |
| Days to sellMedian days from listing to contract | 43 | 103 | 74 | 59 |
4 homes for sale on a typical day
That’s 26% fewer than in 2017–19 and well under 2015’s 9.
Source: Redfin Data Center, city market tracker, January 2015 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Elk Point home costs about $1,863 a month
Price: Elk Point’s typical sale, last 12 months. Property tax at Elk Point’s 1.4% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Elk Point is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in April
The month with the most choice. December has the fewest, about 1.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $292K home, about $4,080 a year.
Taxes vs. neighborsSchools
The schools grade for Elk Point, from test results, graduation and how much students grow.
Schools in Elk PointTypical commute
The average one-way trip to work for people who live in Elk Point.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Vermillion and Sioux City sell for less a square foot; North Sioux City for far more
The busier markets within 25 miles of Elk Point, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Sioux City | 904 | $215K | $134 | 28% | 25 |
| Vermillion | 90 | $260K | $135 | 8% | 45 |
| Dakota Dunes | 83 | $530K | $163 | 6% | 69 |
| South Sioux City | 79 | $286K | $162 | 41% | 30 |
| Elk Point | 25 | $292K | $139 | 20% | 43 |
| North Sioux City | 22 | $363K | $198 | 23% | 50 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Elk Point, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Elk Point. People who follow the town see it, and so do people comparing Elk Point with their own town. No commission, no listing fee.
Questions about buying a home in Elk Point
What do homes sell for in Elk Point, SD?
25 homes sold in the year to May 2026 at a typical $292K, $139 a square foot.
Is Elk Point a buyer’s or seller’s market?
A seller’s market: 5 homes were for sale in May 2026 and 2 sold, about 2.5 months of supply. Buyers paid 96.4% of asking on average, and 34% of listings cut their price.
When is the best time to buy in Elk Point?
April brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Elk Point?
About 1.4% of a home’s value a year. On a $292K home that’s near $4,080.
Where can I see homes for sale in Elk Point?
Zillow, Redfin, Realtor.com and Homes.com all carry Elk Point’s MLS listings; the search links above open each one filtered to Elk Point.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).