Why Live in Summerset
Just north of Black Hawk, Summerset is a city in Meade County with about 3,000 residents. Incorporated in 2005, it’s among South Dakota’s newest cities, and has gained a reputation for upscale property and safety. “It’s a nice place, and they have their own police department,” says Seth Malott, a broker with Century 21 Clearview Realty. “It’s one of the safest towns in South Dakota.” Summerset’s law enforcement team provides everything from traffic stops to crime investigations. Near the foot of the Black Hills, the city has a level of greenery not often seen further east – something Malott says homeowners pay a premium for. “It’s the pinecone tax,” he says. “Western parts of town like that are more expensive.” Gently curving roads flow through the neighborhoods of Summerset, passing contemporary split-levels and ranch-style homes with driveways and double-car garages. Lots are neatly spaced rectangles, often no larger than a quarter of an acre. Homes range from the $370,000s to the $550,000s, with a median price in the $450,000s. Higher rates generally come from amenities such as larger lots, modern upgrades and views of the Black Hills. Summerset students are served by Meade
Home Trends in Summerset, SD
On average, homes in Summerset, SD sell after 43 days on the market compared to the national average of 51 days. The median sale price for homes in Summerset, SD over the last 12 months is $457,500, up 5% from the median home sale price over the previous 12 months.
Median Sale Price
$457,500
Median Single Family Sale Price
$462,000
Average Price Per Sq Ft
$200
Number of Homes for Sale
6
Last 12 months Home Sales
51
Median List Price
$474,900
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
5%