57785 — Lawrence County, South Dakota Market Snapshot
Housing market data for zip code 57785 in Lawrence County, South Dakota. Updated monthly with median prices, days on market, and more.
Market Sales Data
28 sales in 2026 (year to date)
Median Sale Price
$427,450
Days to Sell
68
Homes Sold
28
Inventory
61
Sale-to-List
98.4%
New Listings
55
Price/SqFt
$219
Pending Sales
42
Conforming Loan Available
Most homebuyers in 57785 can comfortably use conventional financing. The median home price of $427,450 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 68 days on average, 57785 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
Homes are selling very close to asking price in 57785 (98.4% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 57785 can comfortably use conventional financing. The median home price of $427,450 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 57785 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 57785
To purchase the median home at $427,450 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $3,425.
Monthly Payment
$3,425
Income Required
$146,785
Principal & Interest
$2,634/mo
Down Payment (5%)
$21,373
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 57785.
Estimated Monthly Payment
$2,795
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