The housing market in Deadwood continues to see strong price appreciation, with values up 15.0% compared to last year. Home prices have decreased 28.8% in the past month. With 5.3 months of supply, Deadwood's inventory levels remain relatively tight. Homes are taking about 33 days to sell, which is -8 days longer than this time last year. A significant 31.3% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Deadwood market with the affordability index at 740.7. Based on current market indicators, home prices in Deadwood are projected to increase by approximately 7.0% over the next month.