Brown County home listings asked for more money in May - see the current median price here
Compared to May 2024, the median home list price decreased 8.9% from $279,175.
The statistics in this article only pertain to houses listed for sale in Brown County, not houses that were sold. Information on your local housing market, along with other useful community data, is available at data.argusleader.com.
Brown County's median home was 2,102 square feet, listed at $132 per square foot. The price per square foot of homes for sale is up 6.1% from May 2024.
Listings in Brown County moved briskly, at a median 34 days listed compared to the May national median of 51 days on the market. In the previous month, homes had a median of 49 days on the market. Around 56 homes were newly listed on the market in May, a 27.3% increase from 44 new listings in May 2024.
The median home prices issued by Realtor.com may exclude many, or even most, of a market's homes. The price and volume represent only single-family homes, condominiums or townhomes. They include existing homes, but exclude most new construction as well as pending and contingent sales.
Across the Aberdeen metro area, median home prices rose to $252,450, slightly higher than a month earlier. The median home had 2,126 square feet, at a list price of $126 per square foot.
In South Dakota, median home prices were $399,000, a slight increase from April. The median South Dakota home listed for sale had 1,928 square feet, with a price of $209 per square foot.
Throughout the United States, the median home price was $440,000, a slight increase from the month prior. The median American home for sale was listed at 1,840 square feet, with a price of $234 per square foot.
The median home list price used in this report represents the midway point of all the houses or units listed over the given period of time. Experts say the median offers a more accurate view of what's happening in a market than the average list price, which would mean taking the sum of all listing prices then dividing by the number of homes sold. The average can be skewed by one particularly low or high price.
The USA TODAY Network is publishing localized versions of this story on its news sites across the country, generated with data from Realtor.com. Please leave any feedback or corrections for this story here. This story was written by Ozge Terzioglu. Our News Automation and AI team would like to hear from you. Take this survey and share your thoughts with us.
This article originally appeared on Aberdeen News: Brown County home listings asked for more money in May - see the current median price here
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
6 hours ago
- Yahoo
After 'Excessive Snooping,' Seller Says Buyer Opened Drawers, Ransacked House, Then Tried To Slash $25K Off —'Why Look In My Dressers?'
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Selling a home is stressful enough. Between keeping the place spotless, packing boxes, and coordinating showings, the last thing any seller wants is to feel like their privacy's been ransacked. Yet, that's exactly what one homeowner described in a post on the Real Estate subreddit — and fellow homeowners had plenty to say about it. The seller said an agent — not their own — scheduled a showing for their 1,100-square-foot home. They were 90% packed, with boxes stacked in a spare room, clothes still in drawers, and only essential kitchen and office items left accessible. As instructed, the homeowners left before the appointment, parking out of sight at a neighbor's property. Don't Miss: Would you have invested in eBay or Uber early? The same backers are betting on . Named a TIME Best Invention and Backed by 5,000+ Users, Kara's Air-to-Water Pod Cuts Plastic and Costs — The agent arrived 15 minutes early, "pulled out a scanner of sorts," and darted from room to room. When the buyer arrived, the pair spent nearly an hour inside — including 20 minutes in the bedroom and nearly 30 in the office/studio. When the owners returned, they found dresser and bathroom drawers open, boxes moved and even opened, food in the fridge disturbed, and signs someone had been on their bed. "Why look in my dressers? Why touch my damn food?" the post read. The reaction online was swift. One user suggested, "Ask your agent to help you make a complaint to that agent's broker. This is very unusual behavior." Another offered a more colorful theory: "Sounds to me like the real estate agent banged that chick on your bed and then made himself a snack afterwards." Others emphasized security, with one top comment advising, "Change the lockbox code, or have your agent present for every showing until you're comfortable." Trending: 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. The homeowner did call their agent, who was "furious and quite embarrassed." A complaint was filed, though the sheriff's office reportedly "laughed" and said they couldn't help. The seller noted they didn't have the showing agent's contact information — "they left nothing but the evidence of their excessive snooping." Then, unexpectedly, the sellers received and accepted a cash offer the next morning — only to have the "adventure" continue. In a follow-up, the homeowner claimed the buyer later showed up unannounced, nitpicked the home's condition, broke a porch handrail, and tried to renegotiate $25,000 off the price along with demands for major replacements — all for systems less than three years old. The sellers countered slightly, but the buyer walked away on the last possible day, keeping the house off the market for 18 then, inventory in the small town had jumped from zero comparable listings to ten, and an open house that once had 24 scheduled parties drew just one. "Lessons learned," the seller wrote, adding they now have video surveillance in every room. While this saga is extreme, seasoned agents say sellers can protect themselves by clarifying showing rules in advance, securing valuables, and, if needed, insisting their own agent be present during tours. It's not legal advice, but it's practical: a home should feel safe during the sales process, not like it's been through a break-in with a lockbox key. For this seller, the ordeal left them a little wiser — and with cameras rolling for the next chapter of their home-selling adventure. Read Next: , which provides access to a pool of short-term loans backed by residential real estate with just a $100 minimum. Image: Shutterstock This article After 'Excessive Snooping,' Seller Says Buyer Opened Drawers, Ransacked House, Then Tried To Slash $25K Off —'Why Look In My Dressers?' originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
7 hours ago
- Yahoo
Power couple Jay-Z, Beyoncé have $57M mortgage — are they ‘broke billionaires' or is something else going on?
Why bother with a mortgage when you have billions of dollars? Why even fill out a loan application for that matter when you can simply pay cash for any home on the market? Well, that's probably why Jay-Z and Beyoncé's decision to take on not one but two mortgages on their $88 million Bel Air mansion has raised some eyebrows. Shop Top Mortgage Rates Personalized rates in minutes A quicker path to financial freedom Your Path to Homeownership Property records examined by The Daily Mail suggest that the couple, who are worth roughly $3.3 billion together, secured a $57.75 million mortgage on the property this April. That's in addition to the previous $52.8 million mortgage secured four years ago. Are the music moguls struggling financially and broke billionaires, as some online commentators have speculated, or is this a savvy real estate move? Here's a closer look. Don't miss Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 6 of the easiest ways you can catch up (and fast) Want an extra $1,300,000 when you retire? Dave Ramsey says this 7-step plan 'works every single time' to kill debt, get rich in America — and that 'anyone' can do it I've got 99 problems, but a mortgage ain't one An outstanding liability of roughly $110.55 million on a single property sounds mind-boggling until you put it into context. Not only is the figure just 3.4% of the couple's combined wealth, it's also at a fairly attractive interest rate. According to The Daily Mail, the new mortgage has been secured from Morgan Stanley's Private Bank Group at a 30-year term with an interest rate fixed at 5% for the next ten years. The previous mortgage, meanwhile, was secured from Goldman Sachs at 3.15%. Effectively, the average rate on both these mortgages is significantly below the August 2025 30-year mortgage rate of 6.6%, according to the Federal Reserve. Even if the interest rates were closer to the average, these loans would have still unlocked some key financial benefits for the billionaire couple. Buy, borrow, die By borrowing money against an asset they can easily afford, Jay-Z and Beyoncé seem to be pulling from the 'Buy, Borrow, Die' playbook. The strategy involves acquiring appreciating assets, such as real estate, stocks or artwork. Then they borrow against those assets to create tax-free cash flow, subsequently passing the assets to their heirs (Blue Ivy, Rumi and Sir) to erase capital gains over the long term. Beyond the tax advantages, this method also helps wealthy families minimize opportunity costs. By borrowing against their Bel Air mansion, Jay-Z and Beyoncé can invest roughly $110 million in their various business ventures or even the S&P 500, which has delivered a compounded annual growth rate of 13.66% over the past ten years. On their passing, the property portfolio's tax basis would reset, potentially saving the three children millions of dollars in capital gains taxes. Jay-Z and Beyoncé are not the only ones using this clever strategy. Back in 2012, Meta's CEO Mark Zuckerberg refinanced his Palo Alto home at a 30-year fixed term with an adjustable rate of 1.05% despite being the 40th richest person in the world at the time. The good news is that you don't have to be a billionaire to use leverage as a financial tool. Read more: Nervous about the stock market? Gain potential quarterly income through this $1B private real estate fund — even if you're not a millionaire. Can't knock the hustle Anyone, regardless of their net worth, can use debt in strategic ways to start building wealth. The most important part of this strategy is to borrow only for appreciating assets. So, a mortgage to buy property or a business loan to start a new venture should help you build equity, while an expensive personal loan or credit card debt to finance vacations could destroy wealth over time. While borrowing money, shop around for the best rate and try to negotiate before signing up. Every basis point you can cut from the loan agreement can magnify your savings over the long term. You may also want a hard cap on how much you can borrow, regardless of how low the interest rate is or how attractive the underlying asset seems. Zuckerberg, Jay-Z and Beyoncé have mortgages that are a small fraction of their overall net worth. Similarly, financial advisors suggest keeping your debt-to-income ratio below 41% to avoid risk. Finally, consult a financial advisor to understand all the tax benefits your loan could offer. For example, couples filing together can deduct mortgage interest payments from their taxable income for payments on the first $750,000 of mortgage debt. By strategically planning and applying debt in this way, you could supercharge your wealth creation journey. What to read next Robert Kiyosaki warns of a 'Greater Depression' coming to the US — with millions of Americans going poor. But he says these 2 'easy-money' assets will bring in 'great wealth'. How to get in now Here are 5 simple ways to grow rich with real estate if you don't want to play landlord. And you can even start with as little as $10 Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead Here are 5 'must have' items that Americans (almost) always overpay for — and very quickly regret. How many are hurting you? Stay in the know. Join 200,000+ readers and get the best of Moneywise sent straight to your inbox every week for free. This article provides information only and should not be construed as advice. It is provided without warranty of any kind. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
8 hours ago
- Yahoo
I Got Scammed in Real Estate Deal — What To Watch for and How To Avoid My Fate
The real estate industry is rife with scams, given the huge amounts of money involved in buying and selling it. I'm a Realtor: Check Out: One of the most common themes? Induced urgency combined with an upfront fee or deposit. 'Fraudsters are fond of making things urgent, and then asking you to cough up money,' explained Mark Sanchez, Senior Real Estate Manager at Gator Rated. 'Never neglect to do due diligence.' After polling real estate professionals, these three stories stood out as scams and red flags to avoid. Seller-Provided Inspection Documents In one of his real estate transactions, Sanchez encountered a house that seemed like a great deal at first. After taking a closer look at the basement however, he grew concerned about foundation problems. 'The seller never informed me about the foundation issues, and then when I started asking questions, they provided bogus inspection reports to hide the damage. 'When something seems wrong or like it is too good to be true, go with your instincts,' he continued. 'Bring in a third party inspector that will pick through the whole property. A few hundred dollars spent on such an inspection may save you tens of thousands of dollars later.' For You: Fake Condo Development Today, Fred Loguidice is a seasoned real estate investor and founder of Sell My House Fast Wisconsin. However, early in his career, he lost five figures in a development scam. He explained, 'A colleague I knew — or at least thought I knew — approached me with a 'can't miss' deal on a pre-construction condo in a seemingly up-and-coming area. The price was significantly below market value, and they painted a picture of massive returns within a short timeframe. There was a sense of urgency, a limited-time offer that I had to jump on quickly.' 'Everything seemed legitimate on the surface,' Loguidice continued. 'There were contracts, fancy brochures, even virtual tours of the planned development. But as the months went buy, Loguidice said that excuses including permitting delays, material shortages and more began to mount, and progress stalled. 'My colleague became increasingly difficult to reach, and other investors I connected with online were experiencing the same issues,' he elaborated. 'I hired a lawyer to look into the development, and it turned out the original plans were never fully approved, the developer had a shady history, and the 'limited-time offer' was just a pressure tactic.' Fortunately, Loguidice said since he acted relatively quickly on seeking out legal guidance, he was able to recover some of his deposit after a long legal process. Even so, it cost Loguidice a lot of time, money and sleepless nights. Fake Lender Real estate investor Brian Rudderow of HBR Colorado sometimes transfers contracts to investor buyers. Investors who buy fixer-uppers often fund them with hard money loans. 'I mistakenly referred a buyer to someone posing as a hard money lender on LinkedIn,' he said. 'The lender asked my buyer for a $10,000 good faith deposit.' This was, of course, a red flag in itself — lenders earn their fees at closing, not before. 'I was unaware of this, and had no chance to warn the buyer,' Rudderow went on 'They sent in the deposit and never heard from the 'lender' again. I called the bank where the money was wired, but the manager refused to give me any information because it was a violation of customer privacy.' Bottom line: Before you open your proverbial wallet, do your due diligence. More From GOBankingRates New Law Could Make Electricity Bills Skyrocket in These 4 States I'm a Self-Made Millionaire: 6 Ways I Use ChatGPT To Make a Lot of Money 5 Strategies High-Net-Worth Families Use To Build Generational Wealth 10 Used Cars That Will Last Longer Than the Average New Vehicle This article originally appeared on I Got Scammed in Real Estate Deal — What To Watch for and How To Avoid My Fate Solve the daily Crossword
