$169,900
507 S Conklin Ave
Sioux Falls, SD
2 bd1 ba640 sqft$265/ft²
House5,506 sqft lot
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Sarah Mitchell
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Compass Real Estate · Sioux Falls, SD
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
Sioux Falls, SD(512) 555-0184TX License #0512847
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Sioux Falls, SD Housing Market & Real Estate
Seller's market+4.0% YoY
Housing market overview · Updated monthly ·
$339,950median sale price
How is the Sioux Falls, SD housing market right now?
The median home sale price in Sioux Falls, SD is $339,950, up 4.0% year-over-year. Homes sell in an average of 31 days with 602 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Sioux Falls a buyer's or seller's market?
Seller's market2.0 months of supply31 avg. days on market
Sioux Falls, SD is currently a seller's market, based on 2.0 months of supply and homes selling in about 31 days. How we determine this →
Homes sold
298
Last 12 weeks
Days on market
31
Average pace
Active listings
602
2.0 months supply
Sale-to-list
98.6%
Below asking
What does the Sioux Falls housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $339,950 |
| Median list price | $339,900 |
| Year-over-year price change | +4.0% |
| Average days on market | 31 days |
| Active inventory | 602 listings |
| Months of supply | 2.0 months |
| Sale-to-list price ratio | 98.6% |
| Median price per sq ft | $190/sq ft |
| Homes sold (latest month) | 298 |
| New listings (latest month) | 351 |
| Listings with a price cut | 23.6% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Sioux Falls by property type?
How the Sioux Falls, SD market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $358,450 | $190/sq ft | 232 | 23 days |
| Condo / Co-op | $218,500 | $180/sq ft | 14 | 61 days |
| Townhouse | $318,850 | $192/sq ft | 51 | 60 days |
Source: Redfin · Updated monthly
The Sioux Falls housing market is currently classified as a seller's market with a median sale price of $339,950. Prices have risen 4.0% compared to last year, with homes spending an average of 31 days on market, indicating 2.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.5x provides context for how home values compare to local earning capacity.
Homes for sale in Sioux Falls
There are currently 602 homes listed for sale in Sioux Falls, South Dakota. The median listing price is $340K. Featured listings range from $169,900 to $447,500.
$210,000
2304 W 18th St
Sioux Falls, SD
2 bd1 ba1,420 sqft$148/ft²
House8,098 sqft lot
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$214,900
912 N Spring Ave
Sioux Falls, SD
3 bd1 ba1,120 sqft$192/ft²
House6,599 sqft lot
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$259,900
6516 W 6th Pl
Sioux Falls, SD
4 bd3 ba1,409 sqft$184/ft²
Townhouse4,373 sqft lot
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$265,000
921 S Sherman Ave
Sioux Falls, SD
3 bd1 ba1,395 sqft$190/ft²
House5,807 sqft lot
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$295,000
5901 W 58th St
Sioux Falls, SD
4 bd2 ba1,701 sqft$173/ft²
House9,888 sqft lot
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$299,900
821 W 22nd St
Sioux Falls, SD
4 bd2 ba1,512 sqft$198/ft²
House3,872 sqft lot
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$299,900
9621 W Tunis Dr
Sioux Falls, SD
3 bd3 ba1,777 sqft$169/ft²
Townhouse3,724 sqft lot
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$360,000
7401 N Cliff Ave
Sioux Falls, SD
4 bd2 ba2,292 sqft$157/ft²
House15,002 sqft lot
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$385,000
6209 N Western Ave
Sioux Falls, SD
2 bd2 ba1,502 sqft$256/ft²
House1.00 acres
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$399,900
305 N LA Salle Ave
Sioux Falls, SD
5 bd3 ba2,500 sqft$160/ft²
House9,792 sqft lot
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$447,500
8812 W Windmill Ridge St
Sioux Falls, SD
2 bd2 ba1,645 sqft$272/ft²
House6,682 sqft lot
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Looking to buy in Sioux Falls?
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Active listings
602
Homes on market
Median list price
$340K
Avg. days on market
31
Days until sale
New this week
351
Newly listed
Price drops:23.6%of listings
Sale-to-list:98.6%
Who lives in Sioux Falls?
Population
197,642
Median income
$74,714/yr
Median age
35.1 years
Owner-occupied
60.0%
College grads
37.4%
Avg commute
17 min
Source: U.S. Census Bureau ACS
What are homes worth in Sioux Falls?
Zillow home value
$336,151
Zillow rent index
$1,327/mo
Price-to-rent ratio
21.1x
Price-to-income
4.5x
Source: Zillow Research
What is it like to live in Sioux Falls?
Sioux Falls is a community of approximately 198K residents with a median age of 35.1 years.The median household income is $74,714, which represents a working-class community with solid middle-income opportunities. 37.4% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 60.0%, showing a blend of owner and renter-occupied properties. The average commute time is 17 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Sioux Falls offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Sioux Falls?
50 schools tracked · 28,555 students
The largest public schools serving Sioux Falls, SD by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Lincoln High School - 02
Grades 9-12 · 1,934 students
Washington High School - 01
Grades 9-12 · 1,859 students
Jefferson High School - 67
Grades 9-12 · 1,840 students
Roosevelt High School - 03
Grades 9-12 · 1,776 students
Memorial Middle School - 04
Grades 6-8 · 1,138 students
Ben Reifel Middle School - 68
Grades 6-8 · 959 students
Patrick Henry Middle School - 07
Grades 6-8 · 953 students
Edison Middle School - 06
Grades 6-8 · 943 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Sioux Falls, SD?
Want a head-to-head view? Compare Sioux Falls side-by-side with any other U.S. city using our market-comparison tool.
Is Sioux Falls a good real estate investment market?
For investors evaluating Sioux Falls, the price-to-rent ratio of 21.1x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 4.0% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Sioux Falls's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Sioux Falls's median home price.
Frequently asked questions
What is the average home price in Sioux Falls?
The median home sale price in Sioux Falls is $339,950, up 4.0% from last year.
How long do homes stay on market in Sioux Falls?
Homes typically spend 31 days on market before going under contract.
What is the median income in Sioux Falls?
The median household income is $74,714 per year.
Is Sioux Falls a buyer's or seller's market?
With 2.0 months of supply, Sioux Falls is currently a seller's market.
How many homes are for sale in Sioux Falls?
There are currently 602 homes listed for sale in Sioux Falls, SD.
What is the Zillow home value estimate for Sioux Falls?
The Zillow Home Value Index (ZHVI) for Sioux Falls is $336,151, representing the typical home value in the area.
What is the median condo price in Sioux Falls?
The median condo/co-op sale price in Sioux Falls, SD is $218,500, compared to $358,450 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Sioux Falls?
The median single-family home price in Sioux Falls, SD is $358,450 (about $190 per square foot).
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