57703 — Pennington County, South Dakota Market Snapshot
Housing market data for zip code 57703 in Pennington County, South Dakota. Updated monthly with median prices, days on market, and more.
Market Sales Data
108 sales in 2026 (year to date)
Median Sale Price
$370,000
Days to Sell
72
Homes Sold
108
Inventory
133
Sale-to-List
99.5%
New Listings
158
Price/SqFt
$210
Pending Sales
128
Conforming Loan Available
Most homebuyers in 57703 can comfortably use conventional financing. The median home price of $370,000 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 72 days on average, 57703 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 57703 (99.5% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 57703 can comfortably use conventional financing. The median home price of $370,000 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 57703 are set at the county level.
2026 Loan Limits — Pennington County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $541,287 |
| 2 Units | $1,066,250 | $693,050 |
| 3 Units | $1,288,800 | $837,700 |
| 4 Units | $1,601,750 | $1,041,125 |
Affordability Snapshot — Zip 57703
To purchase the median home at $370,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $2,985.
Monthly Payment
$2,985
Income Required
$127,921
Principal & Interest
$2,280/mo
Down Payment (5%)
$18,500
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 57703.
Estimated Monthly Payment
$2,440
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