57783, Spearfish, SD

Spearfish, SD is located in the southwestern corner of South Dakota and has a population of just over 10,000 people. Spearfish is a small town that was founded in 1881 and is known for its fishing and hunting opportunities. The 57783 zip code covers most of Spearfish and includes the downtown area as well as some residential areas.

The median home value in the 57783 zip code was $128,200 in 2016. This is up from $116,700 in 2015 but down from $134,600 in 2014. The average home value has been increasing steadily since 2010 when it was $112,500. In 2016 there were 1,811 homes sold in the 57783 zip code which accounted for 83% of all sales activity during that year. The average sale price was $137,000 which represented an increase of 8% from 2015 and a decrease of 3% from 2014.

There are a number of factors that could be contributing to the increase or decrease in home values within the 57783 zip code over time including changes in market conditions, interest rates, and local economic conditions. However, it is also worth noting that Spearfish has seen an influx of new residents over the past few years which may have had an impact on prices as well.