Sioux Falls - SD housing market

The typical home value ($344,172) is the Zillow Home Value Index for the Sioux Falls - SD metro area: a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.

Prices are up 1.4% over the past year. In Sioux Falls - SD, that means a home worth $339,420 last year is now worth roughly $344,172.

The median sale price, what homes actually close for, is $325,908. Homes are selling at 99.8% of list price, meaning buyers have room to negotiate.

Homes listed in Sioux Falls - SD sit on the market for roughly 19 days before going pending. Shorter = seller's market; longer = buyer's market.

About 24.5% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 472 new listings hit the market each month in Sioux Falls - SD. There are currently 1,449 homes for sale, up 18.7% from a year ago.

The typical monthly rent in Sioux Falls - SD is $1,307, up 4.3% year over year. On the Rent vs Buy Index that is a price-to-rent ratio of 21.9x, renting territory (#29 of 195 metros). The mortgage on a typical home here, 20% down at today's 6.66% 30-year rate, runs about $1,769 a month in principal and interest, $462 more than renting before taxes, insurance and upkeep. The two break even at a 3.95% rate.

What's not on this page

This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.

Data: Zillow Research (ZHVI and market indicators), refreshed monthly at the source. This page was rebuilt September 2026. Methodology →