$298,000
- 1,856 Sq Ft
200-204 W Pine Ave, Mitchell, SD 57301
DEANNA HETLAND Ace Realty, LLC
$298,000
200-204 W Pine Ave, Mitchell, SD 57301
DEANNA HETLAND Ace Realty, LLC
$199,900
322 E 1st Ave, Mitchell, SD 57301
DEANNA HETLAND Ace Realty, LLC
Mitchell, South Dakota, is a community with deep agricultural roots, best exemplified by The World's Only Corn Palace, a unique venue adorned with grain murals. With a population of over 15,000, Mitchell is experiencing growth and development, including a new $500 million soybean plant set to open in 2025. Housing options range from historic homes dating back to the 1880s to modern residences along Lake Mitchell, with new multi-family housing projects underway. The Mitchell School District is highly rated, and the city is investing in educational infrastructure, including a new high school. Mitchell hosts Dakotafest, a major agricultural trade show that significantly boosts local tourism. Downtown features Italianate architecture with various small shops, while larger chain stores are located in the southern part of the city. Recreational attractions include Lake Mitchell, offering hiking, fishing, and camping, and Hitchcock Park, which has an aquatic center. The city is situated at the intersection of Interstate 90 and South Dakota Highway 30, approximately 70 miles from Sioux Falls. Infrastructure improvements are ongoing, focusing on water sources, sewers, and downtown enhancements. Mitchell experiences warm summers and cold winters, with an average of 40 inches of snow annually. The area is in Tornado Alley, with historical tornado events. Crime rates have decreased recently, aligning with state trends.
The median home sale price in Mitchell, SD is $243,000, up 8% year-over-year. Homes in Mitchell sell in 59 days on average, compared to the national average of 58 days.
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Median Sale Price
$243,000
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Median Single Family Sale Price
$250,950
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Median 2 Bedroom Sale Price
$195,000
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Median 1 Bedroom Sale Price
$105,000
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Average Price Per Sq Ft
$151
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Number of Homes for Sale
36
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Last 12 months Home Sales
195
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Months of Supply
2.20
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Median List Price
$252,450
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Median Change From 1st List Price
0%
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Median Home Sale Price YoY Change
8%
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In Mitchell, there are currently 2 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $199,900 to $298,000, there's a range to accomodate every budget. As of June, 2026 the median home price in Mitchell is $252,450, while the average sale price is $265,419, offering insights into the local housing market. On average, multi-family homes spend 59 days listed before being sold. Multi-family homes include a variety of property types, from duplexes, triplexes, and fourplexes, to apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're considering a duplex for a beginner investment or an apartment complex for a more substantial venture, there are investment properties available to meet your requirements. Explore the range of multi-family homes for sale in Mitchell, SD.