129 homes sold in Tea in the last year, at a typical $372K
About one sale in 3 is a condo. 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 Tea homes are listed.
Every place Tea 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 Tea.
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 67% of Tea’s sales, at a typical $404K
129 homes sold in the year to May 2026.
typical sale · 87 sold in 12 months
- Per square foot
- $225SD $182
- Days to sell
- 77
- Sold over asking
- 18%
- Listings with a price cut
- 14%
Multi-family (2–4 units): 2 sold, typical $727K
Townhouses: 40 sold, typical $317K
Too few sales in 12 months for reliable figures.
More homes sell than most years, at 1.9 times the 2016 price
129 sales in the last year, against 142 in 2020 and a low of 73 in 2012. The typical sale went from $196K in 2016 to $372K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $350K buys in Tea
Check a listing against what Tea 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 Tea are rarer than before the pandemic, and more homes are for sale
We read every month of Tea’s home sales since 2012 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, 129 sales.
If you’re buying in Tea
- Shop in March. It brings about 17 new listings a month, close to the busiest month, with fewer bidding wars (27% over asking).
- Bid near asking. Buyers paid 98.4% of the list price on average; 14% paid over.
- You’ll usually have time. Only 19% of homes go under contract within two weeks; the typical one takes 109 days.
Spring brings the homes; winter brings the bidding wars
March has the most new listings (about 17 a month), but February is the most competitive: 37% of February sales close over asking. November has the least competition (17%) but only about 7 new listings.
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and about like South Dakota as a whole
| Tea now | 2017–19 | 2021 peak | SD now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 14% | 27% | 43% | 16% |
| Gone within two weeksShare of homes under contract within 14 days | 19% | 0% | 1% | 29% |
| Listings with a price cutShare of homes for sale that cut their price | 16% | — | 3% | 20% |
| Price paid vs. askingAverage sale price ÷ list price | 98.4% | 99.8% | 101.2% | 97.5% |
| Days to sellMedian days from listing to contract | 109 | 84 | 70 | 59 |
56 homes for sale on a typical day
That’s 2.4 times the 2017 low (24), 92% more than in 2017–19 and well under 2024’s 72.
1 in 6 listings has cut its price
16% in the last year, against — in 2017–19 and 20% across South Dakota.
Tea ranks 11th of 19 busy South Dakota markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Tea is in the middle of the pack.
Source: Redfin Data Center, city market tracker, January 2012 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Tea home costs about $2,309 a month
Price: Tea’s typical sale, last 12 months. Property tax at Tea’s 1.2% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Tea is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in March
The month with the most choice. December has the fewest, about 6.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $372K home, about $4,420 a year.
Taxes vs. neighborsSchools
The schools grade for Tea, from test results, graduation and how much students grow.
Schools in TeaCheck 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.
Harrisburg, Sioux Falls, Lennox, Worthing, Hartford and Brandon sell for less a square foot
The busier markets within 25 miles of Tea, 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 Falls | 2,714 | $330K | $186 | 20% | 41 |
| Harrisburg | 181 | $362K | $191 | 20% | 40 |
| Brandon | 173 | $382K | $184 | 24% | 44 |
| Tea | 129 | $372K | $218 | 14% | 109 |
| Lennox | 49 | $299K | $204 | 24% | 69 |
| Hartford | 41 | $338K | $191 | 10% | 38 |
| Worthing | 21 | $292K | $174 | 14% | 33 |
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 Tea, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Tea. People who follow the town see it, and so do people comparing Tea with their own town. No commission, no listing fee.
Questions about buying a home in Tea
What do homes sell for in Tea, SD?
129 homes sold in the year to May 2026 at a typical $372K, $218 a square foot.
Is Tea a buyer’s or seller’s market?
A seller’s market: 40 homes were for sale in May 2026 and 14 sold, about 2.9 months of supply. Buyers paid 98.4% of asking on average, and 16% of listings cut their price.
When is the best time to buy in Tea?
March brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Tea?
About 1.2% of a home’s value a year. On a $372K home that’s near $4,420.
Where can I see homes for sale in Tea?
Zillow, Redfin, Realtor.com and Homes.com all carry Tea’s MLS listings; the search links above open each one filtered to Tea.
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).