Sioux Falls, SD Housing Market & Real Estate

Leaning buyer's+4.4% YoY

Housing market overview · Updated weekly ·

Quick answer: The median home sale price in Sioux Falls, SD is $331,250, up 4.4% year-over-year. Homes sell in an average of 73 days with 593 active listings. The market is currently a leaning buyer's.

$331,250median sale price

Is Sioux Falls a buyer's or seller's market?

Leaning buyer's4.2 months of supply73 avg. days on market

Sioux Falls, SD is currently a leaning buyer's, based on 4.2 months of supply and homes selling in about 73 days. How we determine this →

Homes sold

140

Last 12 weeks

Days on market

73

Average pace

Active listings

593

4.2 months supply

Sale-to-list

98.6%

Below asking

Sioux Falls, SD market data

Current housing market statistics for Sioux Falls, SD
MetricValue
Median sale price$331,250
Median list price$320,000
Year-over-year price change+4.4%
Average days on market73 days
Active inventory593 listings
Months of supply4.2 months
Sale-to-list price ratio98.6%
Market conditionLeaning buyer's

Source: Redfin · Updated weekly

The Sioux Falls housing market is currently classified as a leaning buyer's with a median sale price of $331,250. Prices have risen 4.4% compared to last year, with homes spending an average of 73 days on market, indicating 4.2 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.

Market trends

Homes for sale in Sioux Falls

There are currently 593 homes listed for sale in Sioux Falls, South Dakota. The median listing price is $320K. Featured listings range from $169,900 to $447,500.

2 bedroom house for sale at 507 S Conklin Ave Sioux Falls - $169,900
$169,900

507 S Conklin Ave

Sioux Falls, SD

2 bd1 ba640 sqft
House5,506 sqft lot
More about this property
2 bedroom house for sale at 2304 W 18th St Sioux Falls - $210,000
$210,000

2304 W 18th St

Sioux Falls, SD

2 bd1 ba1,420 sqft
House8,098 sqft lot
More about this property
3 bedroom house for sale at 912 N Spring Ave Sioux Falls - $214,900
$214,900

912 N Spring Ave

Sioux Falls, SD

3 bd1 ba1,120 sqft
House6,599 sqft lot
More about this property
4 bedroom townhouse for sale at 6516 W 6th Pl Sioux Falls - $259,900
$259,900

6516 W 6th Pl

Sioux Falls, SD

4 bd3 ba1,409 sqft
Townhouse4,373 sqft lot
More about this property
3 bedroom house for sale at 921 S Sherman Ave Sioux Falls - $265,000
$265,000

921 S Sherman Ave

Sioux Falls, SD

3 bd1 ba1,395 sqft
House5,807 sqft lot
More about this property
4 bedroom house for sale at 5901 W 58th St Sioux Falls - $295,000
$295,000

5901 W 58th St

Sioux Falls, SD

4 bd2 ba1,701 sqft
House9,888 sqft lot
More about this property
4 bedroom house for sale at 821 W 22nd St Sioux Falls - $299,900
$299,900

821 W 22nd St

Sioux Falls, SD

4 bd2 ba1,512 sqft
House3,872 sqft lot
More about this property
3 bedroom townhouse for sale at 9621 W Tunis Dr Sioux Falls - $299,900
$299,900

9621 W Tunis Dr

Sioux Falls, SD

3 bd3 ba1,777 sqft
Townhouse3,724 sqft lot
More about this property
4 bedroom house for sale at 7401 N Cliff Ave Sioux Falls - $360,000
$360,000

7401 N Cliff Ave

Sioux Falls, SD

4 bd2 ba2,292 sqft
House15,002 sqft lot
More about this property
2 bedroom house for sale at 6209 N Western Ave Sioux Falls - $385,000
$385,000

6209 N Western Ave

Sioux Falls, SD

2 bd2 ba1,502 sqft
House1.00 acres
More about this property
5 bedroom house for sale at 305 N LA Salle Ave Sioux Falls - $399,900
$399,900

305 N LA Salle Ave

Sioux Falls, SD

5 bd3 ba2,500 sqft
House9,792 sqft lot
More about this property
2 bedroom house for sale at 8812 W Windmill Ridge St Sioux Falls - $447,500
$447,500

8812 W Windmill Ridge St

Sioux Falls, SD

2 bd2 ba1,645 sqft
House6,682 sqft lot
More about this property

Looking to buy in Sioux Falls?

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Active listings

593

Homes on market

Median list price

$320K

Avg. days on market

73

Days until sale

New this week

229

Newly listed

Price drops:16.2%of listings
Sale-to-list:98.6%

Explore nearby cities in SD

Frequently asked questions

What is the average home price in Sioux Falls?

The median home sale price in Sioux Falls is $331,250, up 4.4% from last year.

How long do homes stay on market in Sioux Falls?

Homes typically spend 73 days on market before going under contract.

Is Sioux Falls a buyer's or seller's market?

With 4.2 months of supply, Sioux Falls is currently a leaning buyer's.

How many homes are for sale in Sioux Falls?

There are currently 593 homes listed for sale in Sioux Falls, SD.

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