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What's up, Spearfish? Thu, Nov 5

How Spearfish is building

Every building permit the city has issued since 2013, year by year, from the city's monthly permit reports.

Dollar amounts:
In August 2026 dollars, using the Consumer Price Index

So far in 2026 (January – September)

Permits for new homes
59
down 11% from 66 in the same months of 2025
Value of all construction
$83.3M$83.7M
up 21% fromup 17% from $68.6M$71.6M in the same months of 2025
All building permits
258
down 2% from 263 in the same months of 2025

Permits for new homes

One permit per building: a duplex or a row of townhomes can be one permit. Includes homes just outside city limits that the city permits. The striped bar is 2026 so far.

Value of all construction

What builders and owners told the city the work would cost, for every permit: new buildings, additions, remodels, roofs and more.

In each year's dollars.
In August 2026 dollars.

Median new home value

As reported to the city; land not included.
In August 2026 dollars; land not included.

The biggest projects since 2013

  1. $33M Monument Health 1445 North Avenue • Commercial addition • Jun 2024
  2. $21.3M HME Companies LLC 6800 Saint Onge Road • Commercial new building • Mar 2023
  3. $17M SLH Holdings LLC 160 Gallagher Road • Commercial new construction • Aug 2026
  4. $15.4M Spearfish School District 1824 Spirit Lane • Commercial new building • May 2022
  5. $12.9M Hollow Gulch LLC 820 Hill St • Commercial new build or addition • Jan 2025
  6. $9.8M City of Spearfish 6607 Colorado Blvd E • Commercial new building • Aug 2021
  7. $9.6M Pioneer Bank & Trust 140 Jackson Blvd E • Commercial new building • Dec 2021
  8. $7.5M Peak View Apartments LP 2570 Paramount Drive • Commercial new building • Sep 2023
  9. $7.3M Creekside Development 2415 North Avenue • Commercial new building • Jan 2014
  10. $6.9M Peak View Apartments LP Paramount Dr • Commercial new construction • May 2026
  1. $35.2M Monument Health 1445 North Avenue • Commercial addition • Jun 2024
  2. $23.6M HME Companies LLC 6800 Saint Onge Road • Commercial new building • Mar 2023
  3. $17.6M Spearfish School District 1824 Spirit Lane • Commercial new building • May 2022
  4. $17M SLH Holdings LLC 160 Gallagher Road • Commercial new construction • Aug 2026
  5. $13.6M Hollow Gulch LLC 820 Hill St • Commercial new build or addition • Jan 2025
  6. $12M City of Spearfish 6607 Colorado Blvd E • Commercial new building • Aug 2021
  7. $11.6M Pioneer Bank & Trust 140 Jackson Blvd E • Commercial new building • Dec 2021
  8. $10.4M Creekside Development 2415 North Avenue • Commercial new building • Jan 2014
  9. $8.2M Peak View Apartments LP 2570 Paramount Drive • Commercial new building • Sep 2023
  10. $8M Knecht Home Center 2905 4th Avenue • Commercial new building • Aug 2017

Year over year

Year All permits New homes New commercial buildings Demolitions Value of construction Median new home
2026 (Jan–Sep) 258 59 13 6 $83.3M$83.7M $325K$325K
2025 342 82 15 7 $81.9M$85.3M $240K$250K
2024 329 51 8 6 $96.1M$102.5M $519K$553K
2023 333 91 14 5 $103.6M$113.8M $383K$420K
2022 395 116 18 5 $98.7M$112.9M $353K$407K
2021 522 129 11 12 $98.5M$121M $380K$481K
2020 571 101 13 7 $55.1M$71.3M $315K$410K
2019 356 58 10 8 $36.7M$48.1M $285K$373K
2018 396 69 20 16 $48.7M$64.9M $260K$348K
2017 438 99 15 12 $52M$71M $245K$336K
2016 455 108 9 11 $43.9M$61.2M $230K$324K
2015 458 95 9 14 $45.2M$63.9M $259K$366K
2014 513 91 11 10 $49.1M$69.5M $219K$312K
2013 406 83 8 10 $36M$51.8M $165K$237K

About these numbers

These figures are from the city's monthly building permit reports. They include permits just outside city limits. Sign, burn, grading and right-of-way permits are excluded.