Housing Prices in Sioux Falls, SD

How much do homes in Sioux Falls, SD cost?

Median List Price

$366,937

$201/sqft

Based on all homes listed in May 2024.

Difference Since Last Month

-$7,612(-2.0%)

Key Takeaway

The list price of homes in Sioux Falls has decreased by 2% since April.

Summary: The median home list price in Sioux Falls was $366,937 in May 2024, down 2% from the previous month, and the median price per square foot was $201.

Median List Price By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 $148.9K$161.9K
+8.8%
2 $326.3K$318.8K
-2.3%
3 $329.9K$325K
-1.5%
4 $425K$394.9K
-7.1%
5+ $699K$599.9K
-14.2%

Summary: Sioux Falls housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes increased by 8.8%, 2 bedroom homes decreased by 2.3%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes decreased by 14.2%.

Median List Price Compared To Nearby Cities

Mapleton Township
+17.9%
Springdale Township
+3.3%
Wayne Township
0.0%
Split Rock Township
-0.7%
Sioux Falls
-2.0%

Housing Supply in Sioux Falls, SD

How many homes are available in Sioux Falls, SD?

Number of Homes For Sale

Apr 2024May 2024CHANGE
413765+85.2%

Summary: The Sioux Falls real estate market had 765 homes for sale in May 2024, a 85.2% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 36
+100.0%
2 96165
+71.9%
3 141261
+85.1%
4 88178
+102.3%
5+ 85155
+82.4%

Summary: The Sioux Falls housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 71.9%, 3 bedroom homes increased by 85.1%, 4 bedroom homes increased by 102.3%, and 5+ bedroom homes increased by 82.4%.

Days on Market for Sioux Falls, SD

How long does it take to sell a home in Sioux Falls, SD?

Average Listing Age

Apr 2024May 2024CHANGE
61 Days57 Days-7.6%

Summary: Homes in Sioux Falls had an average listing age of 57 days in May 2024, down by 7.6% compared to the previous month.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Sioux Falls, SD

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