57783 — Lawrence County, South Dakota Market Snapshot
Housing market data for zip code 57783 in Lawrence County, South Dakota. Updated monthly with median prices, days on market, and more.
Market Sales Data
54 sales in 2026 (year to date)
Median Sale Price
$468,250
Days to Sell
89
Homes Sold
54
Inventory
99
Sale-to-List
96.8%
New Listings
83
Price/SqFt
$220
Pending Sales
64
Conforming Loan Available
Most homebuyers in 57783 can comfortably use conventional financing. The median home price of $468,250 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
With homes sitting for 89 days on average, 57783 favors buyers. There may be opportunities to negotiate below asking price or request seller concessions for closing costs or rate buydowns.
Sale-to-List Ratio
The average home in 57783 sells for 3.2% below asking price (96.8% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 57783 can comfortably use conventional financing. The median home price of $468,250 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 57783 are set at the county level.
2026 Loan Limits — Lawrence County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $541,650 |
| 2 Units | $1,066,250 | $693,400 |
| 3 Units | $1,288,800 | $838,150 |
| 4 Units | $1,601,750 | $1,041,650 |
Affordability Snapshot — Zip 57783
To purchase the median home at $468,250 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $3,738.
Monthly Payment
$3,738
Income Required
$160,182
Principal & Interest
$2,885/mo
Down Payment (5%)
$23,413
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 57783.
Estimated Monthly Payment
$3,048
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