Sioux Falls - SD housing market
The Sioux Falls metro has a typical home value of $344,189, up 1.4% from a year ago. Homes sell in 22 days on average, a balanced market. 22% of listings have had a price cut. Data from Zillow Research, updated monthly.
How to read this data
The typical home value ($344,189) 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 $339,437 last year is now worth roughly $344,189.
The median sale price , what homes actually close for , is $327,603. Homes are selling at 98.8% of list price, meaning buyers have room to negotiate.
Homes listed in Sioux Falls - SD sit on the market for roughly 22 days before going pending. Shorter = seller's market; longer = buyer's market.
About 22.4% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 449 new listings hit the market each month in Sioux Falls - SD. There are currently 1,353 homes for sale, up 5.9% from a year ago.
The typical monthly rent in Sioux Falls - SD is $1,310, up 4.0% year over year. For investors, the price-to-rent ratio here is roughly 22x annual rent.
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.