$169,900
507 S Conklin Ave
Sioux Falls, SD
2 bd1 ba640 sqft$265/ft²
House5,506 sqft lot
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Compass Real Estate · Sioux Falls, SD
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Sioux Falls, SD(512) 555-0184TX License #0512847
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Sioux Falls, SD Housing Market
Seller's market+0.7% YoY
Zillow, August 2026 · Refreshes monthlyRedfin, through May 2026 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly
The typical home in Sioux Falls, SD is worth $332,295, rose 0.7% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $339,950, +4.0% year over year (through May 2026). With 2.0 months of supply and homes going under contract in about 31 days, Sioux Falls is a seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $332,295 home is about $1,774/mo in principal and interest.
Key numbers for Sioux Falls, SD
Typical home value
$332,295
+0.7% in 12 months
Zillow, August 2026
Typical asking rent
$1,302/mo
Zillow Observed Rent Index
Zillow, August 2026
Median sale price
$339,950
+4.0% year over year
Redfin, through May 2026
Days on market
31
Average pace
Redfin, through May 2026
Active listings
602
2.0 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$74,714
Home costs 4.4x income
U.S. Census ACS, 2023
Sale-to-list ratio
98.6%
Selling below asking
Redfin, through May 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Sioux Falls a buyer's or seller's market?
Seller's market2.0 months of supply31 days on market98.6% of asking
Sioux Falls, SD is a seller's market, based on 2.0 months of supply and homes selling in about 31 days. Under 4 months of supply tilts the market toward sellers: homes clear faster than they are replaced, so concessions are scarce.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Sioux Falls housing market data show?
Every row below is Redfin's final published month for Sioux Falls, SD. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $339,950 |
| Median list price | $339,900 |
| Year-over-year price change | +4.0% |
| Median price per sq ft | $190/sq ft |
| Median days on market | 31 days |
| Active inventory | 602 listings |
| Months of supply | 2.0 months |
| Sale-to-list price ratio | 98.6% |
| Homes sold (that month) | 298 |
| New listings (that month) | 351 |
| Listings with a price cut | 23.6% |
| Market condition | Seller's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Sioux Falls is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Sioux Falls is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Sioux Falls home prices moved?
Over the last three years the median sale price in Sioux Falls, SD rose 6.2%, from $320,000 to $339,950. The live Zillow value series has rose 0.7% in the last 12 months, which is the more current read now that Redfin's series has stopped. 23.6% of Sioux Falls listings cut their asking price in the final Redfin month — a modest share, which is what a market looks like when sellers are pricing close to where homes actually clear. For prices to fall meaningfully from here, supply would have to keep building past 2.0 months while the sale-to-list ratio slips below its current 98.6%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Sioux Falls?
Priced off the typical home value of $332,295 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $66,459 | $265,836 | $1,774/mo |
| 5% | $16,615 | $315,681 | $2,107/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $1,774, that implies roughly $76,027 a year before you add taxes and insurance. The median household in Sioux Falls earns $74,714, about $1,313 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the typical home value to fit the 28% rule. That puts the price-to-income ratio at 4.4x — above the historical 3x norm but in line with much of the country in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Sioux Falls in the next 12 months?
Tell us your timeline. We send the Sioux Falls market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Sioux Falls?
Typical asking rent in Sioux Falls, SD is $1,302/mo, against a typical home value of $332,295. That is a price-to-rent ratio of 21.3x, which means renting tends to be the cheaper monthly option unless you stay long enough for appreciation to close the gap. Compared head to head, 20% down puts principal and interest at $1,774 a month — $472 more than renting before taxes and insurance, so the ownership case here rests on equity and appreciation rather than monthly cash flow.
Zillow, August 2026 for both value and rent
Add your own down payment, tax rate and time horizon in the rent vs. buy calculator.
Is inventory rising or falling in Sioux Falls?
Active listings in Sioux Falls, SD went from 685 in May 2025 to 602 in May 2026, a -12.1% change. Falling inventory tightens competition. When supply drops while demand holds, sale-to-list ratios rise before the median sale price does.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 718 | 331 |
| July 2025 | 804 | 336 |
| August 2025 | 831 | 293 |
| September 2025 | 833 | 282 |
| October 2025 | 833 | 288 |
| November 2025 | 782 | 167 |
| December 2025 | 731 | 144 |
| January 2026 | 676 | 232 |
| February 2026 | 651 | 238 |
| March 2026 | 657 | 332 |
| April 2026 | 618 | 321 |
| May 2026 | 602 | 351 |
Redfin, through May 2026
How does Sioux Falls compare to South Dakota and the U.S.?
Sioux Falls homes sell for $339,950 — 2% below the South Dakota median of $346,600. Against the national median of $410,700, Sioux Falls runs 17% lower. Year-over-year, Sioux Falls moved +4.0% against South Dakota's +4.3% — a smaller swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Sioux Falls, SD | $339,950 | +4.0% | 31 days |
| South Dakota statewide | $346,600 | +4.3% | 49 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Sioux Falls
What buyers should watch
- Months of supply, currently 2.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 23.6%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $333 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $332,295 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Sioux Falls listing goes under contract in 31 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 98.6% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- In the last published month Sioux Falls added 351 new listings against 298 sales — more competition arriving than clearing, so early timing matters.
- Your equity moved +0.7% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Sioux Falls varies more than the citywide median suggests — check the ZIP pages below before you set a number.
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
View photos & details
$214,900
912 N Spring Ave
Sioux Falls, SD
3 bd1 ba1,120 sqft$192/ft²
House6,599 sqft lot
View photos & details
$259,900
6516 W 6th Pl
Sioux Falls, SD
4 bd3 ba1,409 sqft$184/ft²
Townhouse4,373 sqft lot
View photos & details
$265,000
921 S Sherman Ave
Sioux Falls, SD
3 bd1 ba1,395 sqft$190/ft²
House5,807 sqft lot
View photos & details
$295,000
5901 W 58th St
Sioux Falls, SD
4 bd2 ba1,701 sqft$173/ft²
House9,888 sqft lot
View photos & details
$299,900
821 W 22nd St
Sioux Falls, SD
4 bd2 ba1,512 sqft$198/ft²
House3,872 sqft lot
View photos & details
$299,900
9621 W Tunis Dr
Sioux Falls, SD
3 bd3 ba1,777 sqft$169/ft²
Townhouse3,724 sqft lot
View photos & details
$360,000
7401 N Cliff Ave
Sioux Falls, SD
4 bd2 ba2,292 sqft$157/ft²
House15,002 sqft lot
View photos & details
$385,000
6209 N Western Ave
Sioux Falls, SD
2 bd2 ba1,502 sqft$256/ft²
House1.00 acres
View photos & details
$399,900
305 N LA Salle Ave
Sioux Falls, SD
5 bd3 ba2,500 sqft$160/ft²
House9,792 sqft lot
View photos & details
$447,500
8812 W Windmill Ridge St
Sioux Falls, SD
2 bd2 ba1,645 sqft$272/ft²
House6,682 sqft lot
View photos & details
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%
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. Redfin, through May 2026
| 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 |
Who lives in Sioux Falls?
American Community Survey estimates for Sioux Falls. U.S. Census ACS, 2023
Population
197,642
Households
82,836
Median income
$74,714/yr
Median age
35.1 years
Owner-occupied
60.0%
Median home value
$271,400
Median gross rent
$993/mo
Mean commute
17 min
60.0% of occupied homes in Sioux Falls are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $271,400 against Zillow's $332,295 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions. Census median gross rent (all leases, including long-held ones) is $993/mo, below Zillow's $1,302/mo asking rent on new leases — the difference is roughly what a mover pays over a stayer.
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?
Ordered by distance from Sioux Falls, not by size. Compare Sioux Falls side by side with any of them.
Sioux Falls housing market FAQ
Is Sioux Falls a buyer's or seller's market?
Sioux Falls, SD is currently a seller's market. That read comes from 2.0 months of supply, homes going under contract in about 31 days, and sellers getting 98.6% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Sioux Falls?
The typical home in Sioux Falls, SD is worth $332,295 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $339,950, about $190 per square foot.
Is Sioux Falls cheaper than the rest of South Dakota?
Sioux Falls's median sale price of $339,950 is 2% lower than the South Dakota statewide median of $346,600, and 17% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Sioux Falls?
Homes in Sioux Falls, SD spent a median of 31 days on market before going under contract, versus 49 days statewide. That is a normal pace: enough time to see a home twice, not enough to wait a month. (Redfin, through May 2026.)
What income do you need to buy a home in Sioux Falls?
At the current 30-year fixed rate of 7.03%, 20% down on a $332,295 home is about $1,774 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $76,027 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $74,714.
Are home prices rising in Sioux Falls?
The typical home value in Sioux Falls, SD rose 0.7% over the last 12 months, from $329,902 to $332,295 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Sioux Falls?
Sioux Falls ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Sioux Falls?
That depends on your timeline, not on a headline. What the data says today: Sioux Falls, SD is a seller's market with 2.0 months of supply, the 30-year fixed rate is 7.03%, and the price-to-rent ratio of 21.3x means renting tends to be the cheaper monthly option unless you stay long enough for appreciation to close the gap. Properties Incorporated publishes the data; it does not give financial advice.
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