📊 The data: We surveyed local agents and found that the average real estate commission in South Dakota is 5.67%, which is higher than the national average of 5.37%.
That means, to sell an average South Dakota house worth $291,500 you’ll pay about $16,500 in realtor fees.
Realtor commission is usually the largest cost you'll face when selling your home — but you don't have to pay the full 5.67%.
Selling with a discount real estate company like Clever could help you save thousands on commission. Clever negotiates 1% listing fees with full-service South Dakota realtors from top brokers.
On that same $291,500 home — you'd pay just $10,900, up to 34% less than paying average rates.
Below, we cover everything you need to know about South Dakota real estate commission fees and share tips on how to save more when you sell.
How real estate agent commission works in South Dakota
There are usually two real estate agents involved in a home sale:
- The seller's agent (also called the listing agent), who represents the home seller
- The buyer's agent, who represents the person buying the home
Both agents earn a percentage of the home's final price when the sale closes. This payment is called real estate agent commission, and it's baked into the sale price when you sell your home.
Based on our research, the average commission split in South Dakota has 52.2% of the commission going to the listing agent and 47.6% going to the buyer's agent.
» LEARN: How do real estate commissions work?
Who pays realtor fees in South Dakota?
In South Dakota, home sellers pay real estate commission fees out of the final sale proceeds for both agents involved in a deal.
However, since this commission is baked into the sales price, you could say that the home buyer is paying — at least in part — through a higher price.
» LEARN: Who pays realtor commission?
How to save on real estate commission in South Dakota
💰 Best ways to save on commission:
Keep reading to learn how you can negotiate cheaper rates or find low commission companies that negotiate lower realtor fees for you!
Tips for negotiating realtor commission in South Dakota
Whether you’re selling a duplex in Aberdeen, a commercial property in Sioux Falls, or a cottage in Rapid City, you can almost always save thousands by negotiating a lower commission rate.
Negotiating a lower realtor percentage in South Dakota depends on two main factors: your situation and the housing market.
You may have an easier time negotiating low rates if...
The South Dakota housing market
While your personal situation will obviously vary, South Dakota real estate market conditions will affect all home sellers in your area.
In general, in a seller's market — where home sellers have more leverage than buyers — a listing agent's job is easier and they may be more willing to lower their commission rates. The opposite is usually true in a buyer's market.
To judge the current state of your real estate market, look at these three factors:
- Months of inventory ⓘ
- Sale to list price ⓘ
- Home value trends ⓘ
If every factor points to South Dakota being a seller's market, then you may be in a good position to negotiate a lower commission rate with your agent. If market conditions are mixed or favor buyers, it may be more challenging to persuade your realtor to accept a cheaper fee.
The current state of the South Dakota real estate market
Months of inventory
There's 2.8 months of housing inventory on the market
Home values have risen 31.52% year over year
Find a top realtor in South Dakota
Ready to negotiate with an agent in your area? We looked at the data and found the top South Dakota agents for you.
Low commission real estate companies in South Dakota
Negotiating a lower rate with a professional negotiator can be hard! In many cases, home sellers can save just as much (or more!) by selling with a low commission real estate company.
These are some of the top discount and flat-fee MLS services in South Dakota.
The top discount real estate companies in South Dakota
Discount real estate companies typically offer full-service support for a reduced commission percentage or flat rate. Like traditional agents, these agents are fully licensed and have met all of the requirements of the South Dakota real estate commission board.How they create those discounts will depend on the company's model, with some creating more risks and tradeoffs than others.
💲 Listing Fee
$3,000 or 1%
💰 Avg. Savings
⭐ Avg. Customer Rating
4.9/5 (1,777 reviews)
Clever is a quick, easy, and free way to find a top-rated local agent. And, unlike many similar companies, Clever pre-negotiates big discounts on your behalf, so you can save thousands without sacrificing on service.
- Free, nationwide agent-matching service that partners with full-service local agents from conventional brokerages like Keller Williams, Century 21, and RE/MAX
- Provides multiple agent matches so you can interview, compare marketing plans, and choose the best fit
- Pre-negotiates low rates on your behalf — you get full service for a flat $3,000 listing fee, or just 1% if the home sells for more than $350,000
- If you buy with Clever, you could get a check worth up to 0.5% of the home price
- You may not get matched with an agent from your preferred real estate brokerage
- Agents may not provide premium services like drone photography and professional home staging
As of July 21, 2022, Clever has a 4.9 out of 5 rating on Trustpilot, based on 1,710 reviews.
Clever has pre-negotiated low commission rates with top agents in all 50 states and Washington, DC.
💲 Listing Fee
1.5% (min. fees vary)
💰 Avg. Savings
⭐ Avg. Customer Rating
3.9/5 (416 reviews)
Redfin offers real savings and a proven brand. But sellers could compromise on service — especially agent experience and availability.
- If you buy and sell with Redfin, you'll get a 0.5% listing fee discount
- Redfin gives its listings premium placement in its popular home search app
- If finding the right agent is a top priority, you'll have limited options — Redfin only has a few agents in each of its markets
- Redfin agents handle more customers at once than the average realtor, so they may not be able to provide as much personalized service
Redfin has a 3.9 out of 5 rating (416 reviews) across popular review sites like Google and Yelp.
Redfin is available in 80+ U.S. markets (see all locations).
The top flat-fee MLS listing services in South Dakota
Flat-fee MLS services list your home on your local MLS for a low fee, often around $100-300. The trade-off is that you'll have to handle almost the entire home-selling process yourself. If you're a real estate novice, or simply don't have the time to sell your home without a realtor, this might not be a good option.
Sellers who can't be present for their home's entire sale process.
- All seller leads are automatically forwarded to you, either via phone or email.
- A combination keybox is available in all packages for free, with a smartphone-accessible electronic keybox available for a small upgrade fee.
- The broker will host open houses for the seller for a fee (or available in the premium packages).
- The basic package does not include a yard sign or photography/video services.
- You're limited to two open houses throughout the course of your listing.
Budget-conscious sellers who need a simple, affordable listing.
- Your listing comes with all the state seller's disclosures that you'll need.
- You can pay a little more to post up to 25 photos on the MLS instead of the standard six.
- Flat Fee Realty doesn't offer any pricing or contract assistance.
- The company won't be your listing broker. Instead, they'll refer you to a Montana-based broker who will list your property. If you have problems or questions, you'll end up talking to two companies instead of just one.
Home to iconic Mount Rushmore, South Dakota is a jewel of the Great Plains. The sixth-smallest state by population, it nevertheless has a thriving economy, a growing tourism industry, and one of the most unspoiled natural environments in North America.
The housing market in South Dakota is very healthy, with median home values rising more than 50% over the past decade. Much of this is driven by stellar employment and positive in-migration, as people move to South Dakota to take advantage of the low cost of living and high quality of life. While it may not have the explosive growth of, say, California or Washington, D.C., it’s still a great market to buy into — and at a very affordable price point.
If you want to save thousands of dollars of commission on your South Dakota home sale, Clever pre-negotiates a low 1% commission rate, or a flat fee of $3,000 if your home sells for less than $350,000, and they only work with top agents inSouth Dakota. Contact Clever today to get started on your commission savings!
Our data on commission rates is based on a survey of 630 of our partner agents, in which we asked for typical rates for both buyer's and seller's agents in their area.
Additionally, we utilized the following data from Zillow and Realtor.com:
- Home values, list prices, and sale prices: Based on Zillow data as of June 2022
- Months of inventory: Based on Realtor.com data as of June 2022