Mitchell, SD housing market
The typical Mitchell home is worth about $255,000, up 1.6% in a year, 21% below the South Dakota typical home. Homes typically sell in 39 days, below asking.
Home values, sales, trends and how Mitchell compares with the towns next door — updated as new data is published.
Mitchell at a glance
A strong seller's market
Homes are selling faster than new ones are listed: less than two months of supply. Well-priced homes can draw several offers.
Typical home value, 2016–2026
Show as a table
| January | Mitchell | South Dakota |
|---|---|---|
| 2017 | $155,000 | $186,000 |
| 2018 | $163,000 | $195,000 |
| 2019 | $164,000 | $203,000 |
| 2020 | $170,000 | $215,000 |
| 2021 | $179,000 | $235,000 |
| 2022 | $210,000 | $272,000 |
| 2023 | $226,000 | $297,000 |
| 2024 | $237,000 | $301,000 |
| 2025 | $244,000 | $312,000 |
| 2026 | $253,000 | $319,000 |
| August 2026 | $255,000 | $322,000 |
4.3 years of income
The typical Mitchell home costs about 4.3 years of the town's median household income, about the same as across South Dakota (4.3).
How Mitchell ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Listings link to their publishers.