The story of this market
The typical home in ZIP 57016 sells for about $359,000, or $206 per square foot.
Prices are up +12.1% from a year ago, so sellers still have some momentum. Homes take about 53 days to sell. HUD's fair market rent for a two-bedroom is $1,146 a month.
ZIP 57016 — Chester
The housing market in the 57016 area shows signs of competitive growth with a significant year-over-year price increase. Market conditions remain balanced, though inventory levels and days on market reflect broader regional trends in the Sioux Falls metro area.
Median prices moved up 12.1% year over year.
Homes spend a median of 53 days on market with 3.5 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 1.5% · poverty 1.9% — a stable, low-distress profile.
ZCTA 57016
Data sourced from ZCTA-level census profiles and local market reports.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.